USA - Following a report by the Hindenburg Research company accusing Nikola Corporation of Phoenix, Arizona and its senior management of lying making false statements about its truck's capabilities, partnerships and products, a Class Action lawsuit is now being actioned by Hagens Berman of Berkley, California, USA on behalf of investors.

The complaint alleges the defendants (Nikola and senior management) falsely stated or omitted the following: (1) VectoIQ did not engage in proper due diligence regarding its 2020 merger with Nikola; (2) Nikola overstated its in-house design, manufacturing, and testing capabilities; (3) Nikola overstated its hydrogen production capabilities; (4) as a result, Nikola overstated its ability to lower the cost of hydrogen fuel; (5) Nikola founder and Executive Chairman, Trevor Milton, tweeted a misleading test video of the Company's Nikola Two truck; (6) the work experience and background of key Nikola employees, including Mr. Milton, had been overstated and obfuscated; and (7) Nikola did not have five Tre trucks completed.