Hesai Group (HSAI) shares fell by more than 8% on Tuesday after a report from short-seller Blue Orca Capital alleged that its LiDAR technology is being used in Chinese military vehicles.
The report alleges that the company is misleading the US government regarding its involvement with the Chinese military and investors about the authenticity of its financial statements.
Blue Orca alleged that company's recent profitability is misleading as it stemmed from a one-time $20 million "break fee" payment from its largest customer, who secretly terminated its contract.
Hesai did not immediately respond to MT Newswires' request for comment.
Price: 20.65, Change: -1.65, Percent Change: -7.42
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。