Nikola Threatens To Sue Hindenburg Research For Fraud Accusations

Could there be a better name for someone trying to burn down a hydrogen company?

If you skipped September 10 news, you probably did not hear about Hindenburg. Not the airship filled with hydrogen that killed 37 people in 1937, but the financial research company that claimed Nikola Motor Company was a fraud. Trevor Milton and the company immediately reacted and promised to address every single accusation. Still, it only threatened to sue Hindenburg Research and downplayed the document as “not a research report.”

Milton promised all the answers would be out before the market opened after he and his company worked on the for 14 hours, as the tweet below shows:

Curiously, this is the most recent tweet to appear at Trevor Milton’s Twitter profile. All others seem to have been deleted back to June 2. Milton is a very active person on Twitter, which makes us wonder why he and his team decided to erase or hide these tweets.

As we already said, the first document Nikola provided addressed none of the accusations made by Hinderburg Research. It just mentions it is “replete with misleading information and salacious accusations directed at our founder and executive chairman.”