DOJ joins SEC in probing Nikola on fraud claims

The gift that keeps on giving:

  • Another twist in the Nikola (NKLA -8.3%) saga arrives with the Financial Times reporting that the Department of Justice is looking at the company and at least some of the allegations made by Hindenburg Research earlier this week.
  • The latest development follows up on yesterday’s disclosure that the SEC was also looking into the allegations against Nikola.