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.
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'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
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