Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

NKLA ALERT: Nationally Ranked Litigation Firm Labaton Sucharow Announces Investigation of Nikola Corporation (NASDAQ: NKLA) After Reports of SEC and Justice Department Inquiries

10/29/2020 | 08:40am EDT

Labaton Sucharow, a nationally ranked securities litigation firm, is investigating whether Nikola Corporation (NASDAQ:NKLA) and certain of its executives may be liable for securities fraud. If you purchased or acquired stock, options and/or derivatives of Nikola and have questions about your legal rights or possess information relevant to this matter, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at dschwartz@labaton.com.

Before the markets opened on September 10, 2020, analyst Hindenburg Research published a scathing report calling Nikola "an intricate fraud built on dozens of lies." Hindenburg wrote that it "gathered extensive evidence-including recorded phone calls, text messages, private emails, and behind-the-scenes photographs-detailing dozens of false statements by Nikola Founder Trevor Milton. We have never seen this level of deception at a public company, especially of this size." Hindenburg asserts that Nikola has misled investors concerning, among other things, its battery and hydrogen fuel cell claims, as well as its purported "multi-billion-dollar order book," which Hindenburg asserts is "filled with fluff." On this news, shares opened down approximately 9% from their September 9, 2020 closing price.

On September 15, 2020, the Wall Street Journal reported that the US Department of Justice has been making inquiries into claims levelled against truckmaker start-up Nikola in a short seller’s report, said people familiar with the conversations. The US Attorney’s Office for the Southern District of New York is interested in the report by Hindenburg Research, which said the electric vehicle maker misrepresented its proprietary technology and called the business an “intricate fraud”.

If you are a former or current stockholder, derivative, or options holder of Nikola and wish to learn more or discuss the issues surrounding the investigation, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at dschwartz@labaton.com.

About the Firm

Labaton Sucharow LLP is one of the world’s leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.

© Business Wire 2020
06/14LORDSTOWN MOTORS'  : rough road continues; CEO and CFO are out
06/14NIKOLA  : Issues Shares to Tumim Stone Capital for Three-Year Option to Sell Up ..
06/14NIKOLA CORP  : Entry into a Material Definitive Agreement, Unregistered Sale of ..
06/01SOCIAL BUZZ : Wallstreetbets Favorite AMC Advances, Along With Cannabis Company ..
05/28NIKOLA  : BTIG Starts Nikola at Buy With $18 Price Target
05/24Hyundai raises hydrogen game as new trucks roll into Europe
05/18Biden pitches $174 billion EV plan in Michigan, takes truck for a spin
05/18Toyota Motor powers to record high with cyclical shares back in demand
05/11TODAY'S ANALYST RECOMMENDATIONS : Activision Blizzard, Cisco, Nikola, Nutrien, S..
05/10NIKOLA  : Deutsche Bank Adjusts Price Target for Nikola to $16 From $26, Maintai..
More news
Financials (USD)
Sales 2021 18,8 M - -
Net income 2021 -610 M - -
Net cash 2021 610 M - -
P/E ratio 2021 -10,9x
Yield 2021 -
Capitalization 6 357 M 6 357 M -
EV / Sales 2021 306x
EV / Sales 2022 33,9x
Nbr of Employees 450
Free-Float 43,8%
Duration : Period :
Nikola Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NIKOLA CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 9
Average target price 19,00 $
Last Close Price 16,14 $
Spread / Highest target 85,9%
Spread / Average Target 17,7%
Spread / Lowest Target -31,8%
EPS Revisions
Managers and Directors
Mark A. Russell President, Chief Executive Officer & Director
Kim J. Brady Chief Financial Officer
Stephen J. Girsky Chairman
Dane Davis Chief Technology Officer
Isaac Sloan Chief Information Officer & Software Architect
Sector and Competitors
1st jan.Capitalization (M$)
TESLA, INC.-12.02%600 454
NIO INC.-4.58%76 863
XPENG INC.1.87%35 322
LI AUTO INC.4.44%27 239
FISKER INC.19.52%5 211