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The SEC is reportedly looking into Nikola’s electric truck promises



As for allegations that the video showing his rolling was fake, Nikola offers it as the best rebuttal he can garner: “Nikola never claimed that his truck was driving with the same propulsion as in the video, although the truck was designed for just that (as described in the previous point). The truck was presented and filmed by a third party for a commercial. Nikola described this third party video on the Company’s social media as “In Motion.” Not has never been described as “under its propulsion”

; or “propelled by the powertrain”.

In Nikola’s statement, the company said it intends to cooperate with the SEC in its investigation and said it has already contacted and informed the agency. So who is lying? Nikola says investors knew what his prototypes were and were unable to, and is focusing on newer machines that he claims can actually move with their own power. However, check out the original Nikola One video which is still available on YouTube (titled “Nikola One Electric Semi Truck in Motion”) and make your own decision as to whether or not this implies the truck is capable of moving on its own.




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