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

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'.

However, Hindenburg wanting to burst the hydrogen balloon in 2020 has no ties to the Zeppelin Hindenburg, which because of a US embargo flew on hydrogen rather than helium, ending in a sea of flames above New Jersey, claiming 35 causalities and sealing the commercial death of airship technology.

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