Nathan Anderson, 36, founder of Hindenberg Research, a short-selling firm that claimed that it was a fraudulent company, and brought the resignation of founder Trevor Milton, raised further suspicion by confessing his personal details.

The Wall Street Journal (WSJ), an economic media outlet, published a report on Anderson on the 23rd (local time).

According to this, Anderson said that "the story is not over yet," and that there will be more bad news about Nicolas.

In particular, the journal said it suggested that the large corporations and directors who helped Nicolas could raise suspicions about the due diligence.

The reason why individuals have invested heavily in Nikola's stock, which doesn't even have a prototype truck yet, is pointed out that Nicola has partnered with a famous conglomerate.

Large companies that have strategic cooperation or investment relationships with Nikola include not only American automobile company GM and German Bosch, but also Korean Hanwha Group affiliates.

Hanwha Energy and Hanwha General Chemical invested $100 million in November 2018 to purchase a 6.13% stake in Nikola.

Although these companies are unlisted, Hanwha Solutions, a listed company, owns a 36.05% stake in Hanwha General Chemical, and Hanwha holds a 37.25% stake in Hanwha Solutions, so the Nikola controversy has a considerable impact on the domestic stock market.

Those from these companies are also listed on Nicola's board of directors.

On the list of Nikola's board of directors, Stephen Guskey and Bosch, who were GM vice chairmen and succeeded Milton as board chairs, and partner companies such as CNH Industrial, a vehicle equipment company, and Sophia Jin (English name), who has been a director since May 2019 from Hanwha. Also included.

Anderson did not disclose in the Wall Street Journal the size of short selling for Nikola (an investment method that makes a profit when the stock falls), but said it was a "big win" and "we are still selling short".

According to the history revealed while responding to this article, Anderson graduated from the University of Connecticut and worked for a financial information company, Factset, and an investment company helping wealthy families to invest.

After learning about the problems of the investment company through this, he founded Hindenburg in 2017 while working to collect government bounties by investigating the mischief of the investment company with like-minded people from around 2014.

At the time, he said that living in a two-bedroom apartment with his pregnant fiancée was in such a difficult situation that he could not be notified of eviction and pay various bills.

"It was penniless," he explains.

He said that he knew little about Nikola until around June of this year, when Nikola was listed on the NASDAQ through a merger with an acquisition-purpose company (SPAC, SPAC), and then obtained information from Nikola's former business partners.

Anderson reported on several troubled companies on the 10th of this month before publishing a 67-page report on the Nikola case.

At the same time, it is also involved in numerous cases.

In the meantime, he made a profit from short selling related to a cannabis company, and he introduced that there are currently five people in Hindenburg.

Nikola's stock is literally on a crash march after raising his concerns.

On the 23rd, on the New York Stock Exchange, Nikola stock closed at $21.15 per share, down 25.82% from the previous day.

The decline intensified as reports of Nicolas' discussions on the construction of a hydrogen refueling station with several potential partners, including British energy company British Petroleum (BP), were halted.

Compared to the stock price ($42.37) the day before the report was issued, it was cut in half.

At the beginning of the listing, Nicolas gained attention as the'second Tesla', with a stock price approaching $80, and at one time even exceeding Ford Motors' market cap.

The problem is that there are a number of domestic investors who have invested in Nikola stocks as individual investors' passion for overseas stocks has spread to the extent that the word'seohak ant' comes out.

As of the 22nd, the balance of Nikola stock held by domestic investors held by the Korea Securities Depository is still worth USD 12692 million (approximately 150 billion KRW).

On the 8th, it exceeded 200 million dollars.