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The SEC is reportedly investigating Nikola’s promises of an electric truck



As far as accusing the video showing that it rolled was forged, Nikola offers this as the best refutation it can muster: “Nikola never said that his truck was driving during his own propulsion in the video, even though the truck was designed to do just that (as described in the previous point). The truck was shown and filmed by a third party for an advertisement. Nikola described this third-party video on the company’s social media as “Moving.” It was never described as “under its own propulsion”

; or “driveline driven.”

In Nikola’s statement, the company said it plans to cooperate with the SEC on its inquiry and claims it has already contacted and briefed the agency. So who is lying? Nikola claims that investors knew what its prototypes were and were not capable of, and focuses on newer machines that it says can actually move under their own power. However, check out the original Nikola One video still available on YouTube (titled “Nikola One Electric Semi Truck in Motion”) and make your own decision as to whether it indicated the truck was capable of driving alone.




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