Hindenburg aims to burst the hydrogen balloon

Danish-Norwegian Nel's stock price rises and falls in step with US-based hydrogen semi-truck maker Nikola Motor. A long series of accusations from a short seller-backed research group has sent Nikola's founder packing, with Nel's share price taking a southern detour.

One of the allegations against Nikola Motor is that its semi-truck, Nikola One, was dysfunctional when presented in 2016. Photo shows Nikola's electric trash truck of which Repubic Services ordered 2,500 units last month. | Photo: -/AFP / Nikola Motor

by VICTOR EMIL KRISTENSEN

It's normally seen as poor taste to connect a given technology's lacking performance to fatal historic catastrophes. That's the reason why nuclear power startups that, for one reason or another, fail to take off are not described as 'meltdowns'.

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