• WATCH LIVE

    FEDERAL MINISTERS PROVIDE UPDATE ON COVID-19 VACCINES
  • BREAKING

    ANAND: VACCINES WILL TAKE TIME TO DEVELOP AND MANUFACTURE
  • BREAKING

    CANADA IN AGREEMENT WITH PFIZER AND MODERNA FOR COVID VACCINES
  • BREAKING

    GREATER VANCOUVER HOME SALES ROSE 22.3% IN JULY YEAR-OVER-YEAR
  • BREAKING

    GREATER VANCOUVER HOME SALES UP 28% IN JULY FROM JUNE
  • BREAKING

    GREATER VANCOUVER NEW LISTINGS INCREASE 2.8% IN JULY M/M
  • BREAKING

    GREATER VANCOUVER HOME PRICE INDEX ROSE 4.5% IN JULY Y/Y TO $1,031,400

Latest Videos

{{ currentStream.Name }}

Related Video

Continuous Play:
ON OFF

The information you requested is not available at this time, please check back again soon.

More Video

Jul 3, 2020

Nikola founder channels Elon Musk in lashing out at Naysayer tweets

Trevor Milton, founder of Nikola Motor Company

Security Not Found

The stock symbol {{StockChart.Ric}} does not exist

See Full Stock Page »

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 per cent on the Nasdaq. The Phoenix-based company asked customers to put down as much as US$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 per cent since Nikola’s market debut in early June via a reverse merger.

The situation is reminiscent of what Tesla and Musk have faced for years, with the billionaire often getting into trouble for taking on short-sellers and posting market-moving information on Twitter without following the regulatory process. Even on Thursday, Musk provoked the U.S. Securities and Exchange Commission on Twitter over Tesla’s surging share price and taunted short sellers in a string of tweets.

Milton’s big ambitions, Twitter sparring and choice of name for his company have drawn inevitable comparisons with Musk, and both companies share the goal of shaking up the truck market. Nikola sued Tesla in May 2018, claiming the maker of the Model 3 had copied patented design features of its tractor-trailers.