(Bloomberg) — Nikola Corp. shares dropped as much as 18% after the company issued a blanket denial of allegations made in a short-seller report without offering any specifics to refute allegations it lied about its technology and staged events.The electric-truck startup said allegations made by Hindenburg Research are false but did not provide evidence to refute specific claims in the report. Chairman and founder Trevor Milton had vowed earlier Friday to issue a detailed rebuttal after “working through the night.”Nikola instead hired law firm Kirkland & Ellis to consider its legal options and said it plans to bring unspecified documentation …read more
Source:: Yahoo Finance
