Nikola founder channels Musk to attack naysayers

From Anurag KotokyNikola Corp. founder Trevor Milton is discovering he has something in common with rival Elon Musk: Both say their electric-vehicle companies are targets of coordinated social-media attacks.Milton lashed out at negative tweets regarding his startup, alleging that “hired hands” have made a “obviously coordinated” attack against the developer of hydrogen gas cell-powered semi trucks. Musk repeatedly has railed against short sellers targeting Tesla Inc.“Tesla lovers would be the target of brutal attacks for many years,” Milton stated in among a string of tweets late Thursday from the U.S. “Now these barbarous attacks are directed towards us from several Tesla lovers,” he explained in another.In another article, he wrote: “We’ve ever been tracking the negative tweets and most are not Nikola Shareholders but those hired hands stating they’re selling all their stocks merely to stoke fear, telling others to do the same, which turn out to become anti-nikola or compensated attack accounts. ”Milton’s outburst came later Nikola stocks fell falling 13 percent on the Nasdaq. The Phoenix-based company asked clients to put down as much as $ to book the right at a few years to get a truck prior to seeing a model. The stock still is up nearly 70% because Nikola’s market debut in early June through a reverse merger.If you do not like usdon’t follow . You don’t have to spend some time stoking fear or attacking our shareholders. Stock goes up & down but you’ll be quantified by the good you do,perhaps maybe not. I wish you well and we’ll deliver. — Trevor Milton (@nikolatrevor) July 3, 2020The scenario is reminiscent of what Tesla and Musk have faced for years, together with the billionaire often getting into trouble for carrying on short-sellers and posting market-moving information on Twitter without even subsequent to the regulatory process. Even on Thursday, Musk provoked the U.S. Securities and Exchange Commission on Twitter over Tesla’s surging share cost and taunted short sellers in a string of tweets.Milton’s big aspirations, Twitter sparring and selection of title for his company have drawn inevitable comparisons with Musk, and the two businesses share the goal of shaking up the truck market. Nikola sued Tesla at May 2018, promising that the manufacturer of the Model 3 had reproduced patented design characteristics of its tractor-trailers.

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