Hindenburg accused Nikola’s founder Trevor Milton of nepotism and said it has gathered enough evidence to show that Milton made false statements to form partnerships with large automakers. The short-seller said Milton appointed his brother, Travis, to lead the Hydrogen Production/Infrastructure unit, despite not having any substantial experience related to the sector. “Nikola has been vetted by some of the world’s most credible companies and investors”, the company said in a statement. …read more
Source:: Yahoo Finance
