Nikola Corp. founder Trevor Milton is finding he has another thing 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 about his startup, alleging that “hired hands” have plotted an “obviously coordinated” attack against the developer of hydrogen fuel cell-powered semi trucks. Musk repeatedly has railed against short sellers targeting Tesla Inc.
“Tesla fans were the target of vicious attacks for years,” Milton said in one of a series of tweets late Thursday in the U.S. “Now those vicious attacks are directed towards us from many Tesla fans,” he said in another.
In a separate post, he wrote: “We’ve been tracking the negative tweets and most are not Nikola Shareholders but those hired hands saying they are selling all their shares just to stoke fear, telling others to do the same, which turn out to be anti-nikola or paid attack accounts.”
Milton’s outburst came after Nikola shares fell for a third consecutive session, dropping 13% on the Nasdaq. The Phoenix-based company asked customers to put down as much as $5,000 now to reserve the right in a few years to buy a battery-powered truck, even before seeing a prototype. The stock still is up almost 70% since Nikola’s market debut in early June via a reverse merger.
Replying to @nikolatrevorIf you don’t like us, don’t follow us. No need to spend time attacking our investors or stoking fear. Stock goes up & down but in life you’ll be measured by the good you do,not the hate or fear you stoke. I wish you well and we will deliver, not matter what you do to our stock.2:43 AM · Jul 3, 2020
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