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[Reporter¡¯s view] Nikola and Korean Pharmaceutical Market

By Kim, Jin-Gu | translator Choi HeeYoung

20.09.27 17:00:18

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Money flows into unsubstantiated expectations. Money begets money. The stock value jumped over the moon. Before long, It came to light. Stock prices plummeted, and investors fell into despair.

It is a story about the American hydrogen truck company 'Nikola'. It was once called the second Tesla and received the attention of investors, but only controversy remains.

The driving video they released turned out to be that the vehicle did not run on its own, but was ridiculously rolled on the hill. Eventually, founder Trevor Milton took responsibility for the controversy and resigned. The US Department of Justice and financial authorities have launched an investigation into the alleged fraud.
Kim, Jin-Gu(kjg@dailypharm.com)
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