An American EV manufacturer famous for fake announcements that put its boss in jail has declared bankruptcy.
Nikola, a truck manufacturer spruiking battery and hydrogen-powered alternatives to the Tesla Semi, is the latest manufacturer to declare an end to its production run.
It follows failures for fellow US brands Fisker, Canoo and Faraday Future that have failed to match Tesla’s stratospheric rise.
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While Nikola – a company named after electrical pioneer Nikola Tesla – promised to revolutionise the world of road transportation with green trucks, the brand is more famous for the dodgy dealings of company founder Trevor Milton.
Milton was sentenced to four years in prison in December 2023 for…
