It is becoming a right of passage for SPAC-sponsored electric vehicle companies to attract short sellers, some with legitimate claims and others out for a quick buck; the Pittsburgh area is embracing autonomous transportation; and Nikola’s greenfield plant in the Arizona desert that attracted trolls only months ago is making electric trucks.
Rise of the takedown artistsShort selling has always been a part of the stock market — borrowing shares and betting a company’s stock price will fall, then...
https://www.freightwaves.com/news/truck-talk-short-sellers-and-spacs-edition