Nikola Founder and CEO Trevor Milton on launching Nikola’s zero emission car products before launching it to the public.
Nikola Motors CEO Trevor Milton is encouraging company shareholders to leave a Facebook group, claiming that the forum has become a platform for stock manipulation.
“If you are on Nikola Shareholders NKLA’s Facebook page, I recommend that you leave the group,” Milton tweeted Saturday. “It has become a stock manipulator page. It is really sad. I was hoping to help make it an educational page for everyone until I came out of the background.”
The company recommends that shareholders follow their Twitter page for “direct data without the wrong information.”
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According to the Securities and Exchange Commission, market manipulation may involve spreading false or misleading information about a company, participating in a series of transactions to make a security appear to be more actively traded, and manipulating quotes, prices, or exchanges to make it visible. like there. is more or less a demand for security than what really exists
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Milton lashed out at social media critics about the start of his electric vehicle on Thursday in a Twitter thread, alleging that “hired hands” have “obviously coordinated” his attacks on the company.
“We have been tracking down negative tweets and most are not Nikola shareholders, but those hired hands who say they are selling all of their shares just to fuel fear, telling others to do the same, that they happen to be anti-Nikola or attack bills you pay, “he said. “Obviously coordinated.”
He noted that competitor Tesla was the victim of “vicious” attacks on social media in the past, and now “those vicious attacks are directed at us by many Tesla fans.” He argued that more people should “face hate and fear” and “call each other.”
“If you don’t like us, don’t follow us,” Milton added in another tweet. “There is no need to spend time attacking our investors or stoking fear. Stocks go up and down, but in life you will be measured for the good you do, not the hatred or fear you fan. I wish you well and I wish you well. We will deliver, no matter what you do to our stock. “
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Nikola’s Facebook shareholder group started on March 4 and has nearly 10,000 members. Nikola shares began trading on June 4 under the symbol NKLA.
| Heart | Security | Latest | Change | Change% |
|---|---|---|---|---|
| NKLA | Nikola | 57.19 | -8.71 | -13.22% |
Nikola shares are currently trading at $ 58.20 a share in post-close trading after closing at $ 57.19 a share at the end of Friday’s trading session, plummeting more than 13 percent.
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