Electric truck maker Nikola plunges 5% on receiving delisting noticeNikola has been trying to raise cash for operations by selling equity, like other electric vehicle (EV) firms, in a turbulent market, and o...
26 May, 2023, 09.08 AM IST
Jack Dorsey’s wealth tumbles $526 million after Hindenburg shortHindenburg released a report Thursday claiming Block had inflated user metrics, and that the stock has downside of 65% to 75% “on a purely ...
24 Mar, 2023, 08.17 AM IST
How Adani selloff stacks up against the biggest stock collapsesThe short position put Ackman at odds with fellow billionaire, Carl Icahn, who became the company’s biggest holder. Icahn went on to defend...
04 Feb, 2023, 11.01 AM IST
Who is behind Hindenburg, the company that is shorting Adani?Hindenburg has flagged potential wrongdoing in at least 16 companies since 2017, according to its website. Last year, it took a short and t...
27 Jan, 2023, 09.12 PM IST
Who is behind Hindenburg, the company that is shorting Adani?Founded in 2017 by Nathan Anderson, Hindenburg Research is a forensic financial research firm which analyses equity, credit and derivatives...
27 Jan, 2023, 06.02 PM IST
EV start-up Nikola settles with US for USD 125 millionNikola Corp. violated the antifraud and disclosure control provisions of the federal securities laws, the Securities and Exchange Commissio...
21 Dec, 2021, 10.14 PM IST
For auto companies, finding a partner to go green may be easier said than doneIn the world of cars, investors seem to love news of partnerships, synergies and cost-savings as expensive tech upends long-held rules of t...
25 Sep, 2020, 10.28 AM IST
Nikola confronts future of doubts on chair exit, stock dropThe worsening stock rout also is a blow to GM, which agreed to take an 11% equity stake in Nikola earlier this month
22 Sep, 2020, 09.04 AM IST
No revenue is no problem in the 2020 stock marketThe remarkable thing about some of these SPAC-backed companies is they’re going public before they’ve generated their first revenues. These...
18 Sep, 2020, 07.04 PM IST
GM-Nikola partnership will create a formidable challenge for TeslaThe Nikola-GM partnership will pose strong and well-financed competition for Tesla's much-promoted Cybertruck, but given how much GM is bri...
09 Sep, 2020, 09.00 AM IST
This founder is giving his first 50 employees $233 million of his stockThe company has garnered its share of skeptics. In June, as the shares surged to almost $80, a frenzy of short sellers sent Nikola borrowin...
27 Aug, 2020, 10.22 AM IST
Nikola founder channels Elon Musk in lashing out at naysayer tweetsMilton’s big ambitions, Twitter sparring and choice of name for his company have drawn inevitable comparisons with Elon Musk, and both comp...
06 Jul, 2020, 09.22 AM IST
Nikola founder exaggerated the capability of his debut truckNikola expects to have its first $1 billion year of revenue in 2023. The truck factory plans to build south of Phoenix is projected to reac...
18 Jun, 2020, 10.34 AM IST
A truck maker with zero revenue scores $7.6 billion return for early backersSix investors have positions in the truck maker totaling $8.3 billion after investing about $650 million combined, according to an analysis...
17 Jun, 2020, 11.17 PM IST
In the battle of electric-trucks, it is Nikola vs TeslaThe executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014.
13 Jun, 2020, 10.45 AM IST
A $26 billion truck company with zero revenue just surged 103%It’s forecasting zero revenue for 2020 and its first $1 billion year won’t be until 2023.
09 Jun, 2020, 04.49 PM IST
GMR plans to bid for airport projects in Serbia, JamaicaNikola Tesla airport, located 17 kilometres from the capital city Belgrade, has flown around 4.92 million passengers in the previous year.
20 Jun, 2017, 11.15 PM IST