Nikola Corporation, f/k/a VectoIQ Acquisition Corp. Class Action Lawsuit - NKLA

(1) VectoIQ did not engage in proper due diligence regarding its merger with Nikola; (2) Nikola overstated its “in-house” design, manufacturing, and testing capabilities; (3) Nikola overstated its hydrogen production capabilities; (4) as a result, Nikola overstated its ability to lower the cost of hydrogen fuel; (5) Nikola founder and Executive Chairman, Trevor Milton, tweeted a misleading “test” video of the Company’s Nikola Two truck; (6) the work experience and background of key Nikola employees, including Mr. Milton, had been overstated and obfuscated; (7) Nikola did not have five Tre trucks completed; and (8) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

In order to be eligible to join the NKLA class action lawsuit, you must have incurred a loss on shares of Nikola Corporation, f/k/a VectoIQ Acquisition Corp. purchased during the class period listed above.

If you suffered a loss in Nikola Corporation, f/k/a VectoIQ Acquisition Corp. during the relevant time frame or pursuant to the relevant offering(s), you have until November 16, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.