Nikola postpones showcase day as it tries to win back investor confidence
Nikola has delayed a long-awaited event to showcase its vehicles and battery technology, as the start-up battles a crisis that led to the departure of its founder Trevor Milton. The Arizona-based company said on Wednesday that its “Nikola World” event in December, where it was set to demonstrate vehicles including the Badger pick-up truck, has been postponed, without giving a new date. While Nikola pointed to Arizona’s restrictions on large gatherings in light of the pandemic, the delay comes as the group tries to win back investors’ confidence after a short-seller earlier levelled allegations of fraud against a company that...
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