Nio’s ES6 hatchback model faces imminent threat from likely price cuts for Tesla’s Model Y in China, Andrew Left-owned Citron said in an investor note. Nio did not respond to a request for comment. Tesla has cut prices in China on several occasions, aiming to gain more market share in the world’s biggest car market.

Stephen Girsky, a former vice chairman of General Motors Co and a member of Nikola’s board, has been named as the chairman, effective immediately. In a scathing report earlier this month, short-seller Hindenburg Research alleged that Nikola misled investors over its technology, sending the company’s shares spinning lower.

Nikola released a new statement on Monday, rebutting more claims about the short-selling fraud claims from Hindenburg Research. Yahoo Finance’s Ines Ferre joins The Final Round to discuss the details and what this means for the company and for Tesla.

Nikola shares are down about 15%, after the company released a statement calling a recent short-seller report “not accurate” and a “hit job for short sale profit driven by greed.” 

Stanphyl Capital letter to investors for the month ended June 30, 2020, discussing their short thesis for Tesla Inc (NASDAQ:TSLA) and other positions in several small-cap stocks. For June 2020 the fund was down 3.9% net of all fees and expenses. By way of comparison, the S&P 500 was up 2.0% while the Russell 2000 was up […]

Citron Research has placed a $230,000 charity bet on its Nvidia position after some light prodding from CNBC host Jim Cramer. After CNBC host Jim Cramer prodded Citron Research for Nvidia surging past the firm’s $170 price target it set in June 2017, the firm fired back, saying it would donate $230,000 to the Humane […]