The billionaire founders of Nikola and Tesla have a lot in common
Hindenburg Research, a firm that owns a short position in Nikola’s stock and stands to gain from a decline in the share price, said Sept. 10 that Nikolaabout its business prospects — claims that are now the subject of inquiries by the U.S. Securities and Exchange Commission and, reportedly, the Justice Department. In a statement released on Twitter, Milton vowed to defend himself against “false allegations” made by “outside detractors” he didn’t identify.
The stock tumbled after Hindenburg questioned the validity of Nikola’s claims about its technology, accusing Nikola of being “an intricate fraud built on dozens of lies.” Milton called Hindenburg’s report a “hit job” on Twitter and posted videos on Instagram — including one laden with expletives — dismissing Hindenburg’s accusations.
I Know This is super random. Check out my Gig on Fiverr: do outstanding roll up banner design for you
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.
Nikola founder Trevor Milton steps down as chairman in battle with short sellerNikola founder Trevor Milton has stepped down as executive chairman after a short seller accused the hydrogen and electric truck startup of misleading investors and overstating the value of a business deal. _ErkanOz There is an abduction of children called protection at the Child Consultation Center in Japan. Japan has received recommendations from the United Nations, but it does not improve. Would you mind looking at this issue for future children? Please looking at my retweet. Please RT. wirecard 2.0? and it is only september, damn cant wait for early 2021 with the first banks
Source: CNN - 🏆 4. / 95 Read more »
Nikola Corp's Trevor Milton steps down as executive chairmanU.S. electric-truck maker Nikola Corp's founder and executive chairman Trevor Milton has stepped down, the company said on Sunday, as it battles allegations from a short-seller that it misled investors and automakers. Scam company Rekt Well that looks promising
Source: Reuters - 🏆 2. / 97 Read more »
Nikola founder Trevor Milton resigns following fraud allegations - 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. Why resign if there’s no fraud? Nothing to hide right?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Nikola founder Trevor Milton to voluntarily step down as executive chairman; stock plungesThe announcement comes after short-selling firm Hindenburg Research accused Nikola of fraud. The company pushed back on the accusations, saying there were 'dozens' of inaccurate allegations in the report. He can run but he cannot hide ... could tell he was snake oil salesman from the start Good job! Praises for due diligence! Great short if you could have gotten in early last week! This was over-due... Executive chairman, my ass The only Chairman I know is Chairman Mao.
Source: CNBC - 🏆 12. / 72 Read more »