Nikola Corporation is an American company that has announced a number of concept zero-emissions vehicles since 2016 and has indicated plans to produce some of them in the future. The company is based in Phoenix, Arizona, where its research and development facility is located. The company is named after inventor Nikola Tesla.
As at September 2020, the company is under investigation by the Securities and Exchange Commission and the Department of Justice over securities fraud allegations.
Nikola shares have been on a rollercoaster in the past few months. Today they have lost nearly 24% of their value.
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