Nikola Slumps as U.S. Justice Department Said to Make Inquiries
- Truckmaker erases Monday’s rebound amid short-seller’s claims
- Justice Department move follows start of SEC review, FT says
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Nikola Corp. fell in New York premarket trading Wednesday after the Financial Times reported the U.S. Department of Justice has joined inquiries into claims against the truckmaker in a short seller’s report.
Nikola slumped 7.4% to $30.40 at 4:20 a.m. New York time, erasing Monday’s rebound that followed the company’s detailed rebuttal to a Sept. 10 report from Hindenburg Research.