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  "docSlug": "86aeeaf4ca9c",
  "documentTitle": "XL Fleet (XL)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Muddy Waters Capital",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-03-03 00:00:00",
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  "notes": "This is a classic Muddy Waters short-seller slide, focusing on exposing corporate governance issues and lack of substance in company announcements.",
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      "text": "WE VIEW XL GRID'S RECENT ANNOUNCEMENT AS A SHAM, WHICH IF IT ACTUALLY COMES TO FRUITION, ONLY DOES SO BECAUSE OF THE CONFLICTS OF INTEREST",
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      "text": "XL Grid's first announced \"partnership\" is not only riddled with speculative language, but omits the ties to its SPAC sponsor. XL announces with great fanfare the \"opportunity to explore the deployment and operation\" of charging stations at UBS Arena. UBS Arena is where the New York Islanders will play. The Islanders' majority owner is Jon Ledecky, who was the primary sponsor of the SPAC and sits on XL's board. In other words, this strikes us as promotion and hype, rather than a well-run selection process.",
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      "text": "WE VIEW XL GRID'S RECENT ANNOUNCEMENT AS A SHAM, WHICH IF IT ACTUALLY COMES TO FRUITION, ONLY DOES SO BECAUSE OF THE CONFLICTS OF INTEREST",
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      "text": "XL Grid and XL Link Are Not Solutions to XL's Revenue Problem",
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