Allegations by Hindenburg Research are once again causing a company to falter. The short seller accuses the Indian conglomerate Adani Group of price manipulation and accounting fraud, causing Adani’s share price to plummet. Adani, which is also involved in eMobility projects, denies the allegations.
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Hindenburg Research is once again making serious allegations of fraud against an electric car start-up. This time, the US company Mullen Automotive has been targeted by the short seller. Hindenburg accuses Mullen of having deceived its investors.
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After taking on Nikola Motor and Kandi, the short-seller Hindenburg Research is now taking aim at the startup Lordstown Motors. The claim is that Lordstown misled investors in the past.
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Hindenburg Research raises serious fraud accusations against the prospective electric truck manufacturer Nikola. However, the “research” is anything but neutral, as the company itself has sold Nikola shares short and is thus profiting from any price losses resulting from the paper.
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