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The SEC is reportedly looking into Nikola’s electric vehicle promises



In relation to the allegations that the video showing the rolling was fake, Nikola offers this as the best counter-argument it can muster: “Nikola never stated in the video that his truck was driving under its own drive, although the truck was designed exactly for this (as described in the previous point). The truck was exhibited and filmed for a commercial by a third party. Nikola described this third-party video as “In Motion” on the company’s social media. It was never described as “self-propelled”

; or “drivetrain powered”.

In Nikola’s statement, the company said it plans to work with the SEC on its investigation, claiming it had already contacted and informed the agency. So who is lying? Nikola claims that investors knew what their prototypes were capable of and what they couldn’t, and focuses on newer machines that are said to actually be able to move on their own. However, check out the original Nikola One video that is still available on YouTube (titled “Nikola One Electric Semi Truck in Motion”) and see for yourself if that implies the truck is capable of itself to move independently.




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