Truck-Building Tesla Competitor Nikola Draws the Attention of a Short Seller

[NewsFeeder]

Truck-Building Tesla Competitor Nikola Draws the Attention of a Short Seller

Citron Research’s Andrew Left predicted shares in the highflying trucking startup will fall 50% over the next month.

https://finance.yahoo.com/m/298f91c2-976c-3ff7-8800-743e62767b36/truck-building-tesla.html?.tsrc=rss

 

[Bullitt]

Keep the pump going!

The Nikola One revealed in 2016 was inoperable, missing parts. On Wednesday, Milton said key parts were taken out of the vehicle for safety reasons and that it never drove under its own power.

The people familiar with the truck, who asked not to be identified discussing sensitive information, said they were concerned about the statements. Gears and motors were missing, and while the words “H2 Zero Emission Hydrogen Electric” were emblazoned on the vehicle, there was no fuel cell on board.

“There wasn’t a fuel cell in the truck. We never claimed there was,” Milton said. He confirmed the motors and gears weren’t in the vehicle for safety reasons.

https://www.bloomberg.com/news/arti...exaggerated-the-capability-of-his-debut-truck

A $50 million stake. Who says it's just Robinhood speculators buying into a dream?

ValueAct Capital – a San Francisco-based investment company that manages over $16 billion on behalf of other institutional investors – has disclosed a 5.6 percent stake in Nikola Corporation, equating to 20.36 million shares on the basis of 360.9 million shares that the company recorded as outstanding as of the 3rd of June.

https://wccftech.com/nikola-nkla-in...-a-prospectus-for-the-issuance-of-new-shares/