Electric-truck startup Nikola Corp. denied allegations of fraud outlined in a report published this week by short seller Hindenburg Research that has weighed on the company’s stock. The Phoenix-based company said Friday that the report contained misleading information and that it intends to refer the matter to the U.S. Securities and Exchange Commission. Nikola also said it has retained a law firm to evaluate taking action, including against the short seller.

Source: Wall Street Journal September 11, 2020 18:23 UTC