(Reuters) - The U.S. Securities and Exchange Commission is probing Nikola Corp (O:NKLA) to assess the merits of short-seller Hindenburg's allegations that the EV maker misled investors about its business prospects, Bloomberg News reported https://bloom.bg/3kk4HT4 on Monday.
Nikola and the SEC did not immediately respond to Reuters requests for comment.
Shares of the company were down nearly 8% at $33.06 in extended trade.