Nikola talks with BP fell through after short-seller accusations: WSJ - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Nikola was reportedly in talks with oil giant BP over a possible deal before allegations of fraud plunged the startup into chaos

However, allegations made by a short-seller earlier in September caused those talks to fizzle, including those with BP, the paper reported.Talks between Nikola and the oil giant BP fizzled as the electric-truck startup grapples with accusations of fraud that led to the departure of its founder and chairman,According to the paper, BP was one of several possible partners for Nikola's planned network of hydrogen-fueling stations, a key part of its pitch to investors.

Shares of Nikola have this week continued their rout following Hindenburg's September 10 allegations, all of which were disputed by Nikola despite admissions that some of the firm's points were true. The stock has now erased all of its gains since the company went public via a reverse merger in June.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the last workshop making traditional Portuguese cowbells by hand - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

An inside look at aerial firefighting of raging West Coast wildfires - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

WSJ News Exclusive | Nikola’s Talks With Major Energy Firms Stalled Following Short-Seller ReportThe electric-truck maker has held talks with BP and other energy firms in hopes of striking a deal on hydrogen-refueling stations. Short seller Hindenburg Research alleged in a report that Nikola has misled investors. teslavibes Its a fraud company
Source: WSJ - 🏆 98. / 63 Read more »

How Nikola Stock Got Torched by a Short SellerA report by Nathan Anderson, founder of Hindenburg Research, alleged improprieties that sent the electric-truck startup’s plunging. Nikola says the report contained “false and misleading statements.” A parabolic increase, followed by a -50% decline from the peak, then calling $NKLA short was academic, although equally as risky as buying before it went parabolic.
Source: WSJ - 🏆 98. / 63 Read more »

Bearish stock bets surge the most since March as volatility emboldens short-sellers | Markets InsiderGetty Images / Johannes Eisele Short interest in individual US stocks leaped the most since March last week as volatility rocked investor sent... Гордеев из камеди ты ли это?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Nikola's resigned founder Milton still owns a $2.6 billion stake - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. yikes
Source: BusinessInsider - 🏆 729. / 51 Read more »