DETROIT (Reuters) – Nikola Corp
Chief Executive Mark Russell said Wednesday he is confident the electric and hydrogen fuel cell vehicle startup will close a deal with an energy partner, and he defended the company’s technology and strategy against a short-seller’s fraud allegations, sending shares up almost 21% at one point.
Russell told Reuters he is confident Nikola will still announce by year-end a collaboration to build hydrogen-refueling stations. There have been reports this week that Nikola’s talks with energy firms, including BP Plc
, had stalled.
“We’ve talked to all of those folks and those discussions are continuing,” he said in an interview. “We’re confident that we’re still going to hit the milestones laid out there of announcing a partner by the end of the year and getting stations going starting next year.”
Short-seller Hindenburg Research released a scathing report on Sept. 10 that called Nikola a “fraud” and