{"id":67403,"date":"2020-09-15T19:36:00","date_gmt":"2020-09-15T16:36:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nikolas-stock-slides-amid-questions-from-short-seller\/"},"modified":"2020-09-15T19:36:00","modified_gmt":"2020-09-15T16:36:00","slug":"nikolas-stock-slides-amid-questions-from-short-seller","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nikolas-stock-slides-amid-questions-from-short-seller\/","title":{"rendered":"#Nikola\u2019s stock slides amid questions from short-seller"},"content":{"rendered":"

“#Nikola\u2019s stock slides amid questions from short-seller<\/strong>”<\/p>\n

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September 15, 2020 |<\/span> 12:36pm <\/p>\n

\n Shares of Nikola sank 7 percent on Tuesday after the short-selling research house that alleged the electric truck maker misled investors over its technology<\/a>\u00a0said the company had failed to address most of its queries.<\/p>\n

Nikola has rejected the accusations and threatened to take legal action against short-seller Hindenburg since its research into the company sparked the first of a series<\/a> of falls in the company\u2019s shares last week.<\/p>\n

Nikola did not immedia<\/a>tely respond to a request for comment.<\/p>\n

\u201cNikola\u2019s response has holes big enough to roll a truck through,\u201d the short seller said in a new report on Tuesday.<\/p>\n

Hindenburg took a stab at Nikola and its founder Trevor Milton\u2019s use of words like \u201cfunctional\u201d and \u201cfully built\u201d for the Nikola One truck, which the company claimed had 1,000 horsepower back in 2016.<\/p>\n

\u201cObviously, the truck can\u2019t have 1,000 horsepower or even 1 horsepower if it doesn\u2019t power itself,\u201d Hindenburg said in the new report.<\/p>\n

Hindenburg had earlier alleged that the seemingly functional truck, Nikola One, was \u201csimply filmed rolling down a big hill\u201d in 2017, a claim Nikola disputed by saying it had never stated that the truck was driving \u201cunder its own propulsion\u201d.<\/p>\n

\u201cWe view the company\u2019s new admission that the Nikola One was not powered on its own in the video as a tacit admission of securities fraud\u201d, the report added.<\/p>\n

Bloomberg News<\/a> reported late on Monday that the Securities and Exchange Commission was probing Nikola to assess the merits of Hindenburg\u2019s claims that it had misled investors about its business prospects.\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Nikola\u2019s stock slides amid questions from short-seller” September 15, 2020 | 12:36pm Shares of Nikola sank 7 percent on Tuesday after the short-selling research house that alleged the electric truck maker misled investors over its technology\u00a0said the company had failed to address most of its queries. Nikola has rejected the accusations and threatened to take…<\/p>\n","protected":false},"author":1,"featured_media":67404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[69702],"class_list":["post-67403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nikolas-stock-slides-amid-questions-from-short-seller"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/67403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=67403"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/67403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/67404"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=67403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=67403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=67403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}