Travel

Insider Transportation: Nikola's rebuttal, Uber's fight for its life, and safety data for wary air travelers

Posted On: Sep 18, 2020   |   Posted By: Business Insider

Insider Transportation: Nikola's rebuttal, Uber's fight for its life, and safety data for wary air travelers

Summary List Placement
Nikola, the electric-truck startup that found itself in a full-throated yelling match with a short-seller last Thursday, has been playing defense this week - and it's not clear if investors are completely convinced.
After initially promising a tit-for-tat rebuttal within the day , the company, presumably on the advice of well-heeled counsel, released a full response on Monday to Hindenburg Research's allegations of lies, deception, and outright fraud. For the most part, the company's response flatly denied most of the accusations against it - but many require a little nuance.
Perhaps most notably, the company would like you to know that its truck did, in fact, simply roll down a hill for a video shoot. However, the video was not a lie, Nikola said, because it was shot by a third party and never insinuated the truck was actually moving on its own power.
As for the other allegations, even Wall Street's top analysts have brushed off most concerns in the Hindenburg allegations, given that...

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