the hydrogen and electric truck startup that recently announced a $2 billion stock deal with General Motors, saw its stock price plunge for the second day in a row following a report by a short seller that alleged the company is an "intricate fraud." Milton had said the Nikola One "fully functions" at its launch event in 2016. The Bloomberg report, however, said it was not actually drivable as originally presented. In an interview with Bloomberg, Milton said he "never deceived anyone." The company's stock closed down 14.5% Friday, following a​n 11% plunge Thursday.

Source: CNN September 11, 2020 22:11 UTC