Home / Business / The Department of Justice investigates electric truck startup Nikola Over claims it misled investors

The Department of Justice investigates electric truck startup Nikola Over claims it misled investors



The Justice Department has joined with US securities regulators in examining allegations that electric truck startup Nikola Corp. misled investors by making exaggerated claims about its technology, according to people familiar with the matter.

The Department of Justice investigation is handled by the US Attorney’s Office in Manhattan, working in concert with the Securities and Exchange Commission, which has begun its own review of the allegations about Nikola, the people said.


Source link