nikola

Multi billion dollar green tech giant Nikola files for bankruptcy

Nikola filed for bankruptcy protection after failing to secure a buyer or raise additional funds to maintain operations. The filing marks the finale of the company’s yearslong fall from grace. Nikola’s core products are all-electric and fuel cell electric semitrucks. At its peak in 2020, Nikola was valued more than Ford Motor at $30 billion, …

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Ticking Time Bombs: Nikola Initiates Major Recall of Electric Semi-Trucks After Battery Fire

Nikola, the leading electric semi-truck manufacturer, has announced a massive recall of its battery-powered commercial trucks due to concerns over a defective battery component that can cause fire. The recall is the result of an investigation into a fire at Nikola’s own facility. Ominously, the company advises truck owners to park their vehicles outside. The Wall …

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