For $3b company, The title is almost satire. Stock on down for 6% (pretty good on this historic day). And even this:
SEC Investigation Update
On December 21, 2021, we confirmed our settlement with the SEC. We will pay a $125 million civil penalty in five installments over two (2) years. The first installment was paid on December 21, 2021. The company is seeking reimbursement from its founder, Trevor Milton, for costs and damages in connection with the government and regulatory investigations.
How come they don't go to zero? Well…they did promise to pilot test some EV in 2022.
Source: https://finance.yahoo.com/news/nikola-corporation-reports-fourth-quarter-140000280.html
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