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  "documentTitle": "XL Fleet (XL)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Muddy Waters Capital",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-03-03 00:00:00",
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      "text": "We understand from former employees that at least 18 of 33 customers XL featured were inactive.",
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      "text": "XL's management systematically inflates the company's backlog.\nXL's claimed customer base appears grossly overstated.\nWe understand from former employees that at least 18 of 33 customers XL featured were inactive.\nNumerous XL customers reportedly have not reordered due to poor performance and regulatory issues.\nXL uses the City of Seattle as a case study, but in reality, Seattle appears to have had much worse results than claimed.",
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      "text": "Exaggerated Backlog and Customer Results",
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