a lenghty report accusing the electric truck maker Nikola of fraud.
Specifically, Hindenburg Research accuses founder Trevor Milton, who now serves as executive chairman, of being the mastermind behind a string of deceptive statements at his former ventures well before he founded Nikola. In one case, Hindenburg Research published emails it claims are from Milton to potential investors in his former venture, dHybrid, that appear to show him overstating the value of a contract with trucking giant Swift transportation. An alleged copy of the contract included in the report shows the deal was worth only $16 million compared to Milton's claims of $250 million.
"Nikola has been vetted by some of the world's most credible companies and investors," they said. "We are on a path to success and will not waver based on a report filled with misleading information attempting to manipulate our stock."—Trevor Milton Hindenburg Research also renewed claims about Nikola's first trucks, including the one used in a video demo and at an investor day.
'Numerous lies?' Is the current president an investor?
No electric car brand is gonna be another Tesla people are getting hyped over nothing
A short-seller talking whack about a company...who'd have thought?
Hindenburg is fraud, its short attack from them, but its good so all the weak hands going out, in 2-3 years nkla is going to be very big and hindenburg is going to burn 🤣
elonmusk worth a read. Congratulations on all of the success Tesla
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Banks report record amount of suspected business-loan fraud during PPP - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If Biden wins, millions of Americans look forward to the media attacking him for 4 yrs just like they attack Trump. If media doesn’t give Biden same treatment a lot of Americans will be unhappy.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Nikola's GM deal shows a new way to get electric vehicles to market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Nikola is just a brand name that GM is buying because the GM brand is dead. Nikola won't design or make any cars. GM will do it all and get bailed out by the govt when it all implodes.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump-signed Bible for sale for $37,500, seller criticizes church photo - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Even Jesus didn't dare to sign the Bible! No, this is a bible that Trump took from a hotel room afterwards? God is not mocked. Woe. Woe .Woe.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's top advertising and media stories for September 10 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
A Facebook engineer just quit in protest, accusing the company of 'profiting off hate' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Dayum The backlash against Facebook is too much. They are a huge net positive as indicated by their 800b market cap and people quitting over these tiny negatives is too much. cancelfacebook
Source: BusinessInsider - 🏆 729. / 51 Read more »
5 ways technology can help small businesses adapt to remote work - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »