Nikola’s Bankruptcy: What Went Wrong With the Hydrogen Truck Startup?
Why did Nikola file for bankruptcy? The answer is simple: the company couldn’t overcome its financial mismanagement and fraud scandal. Nikola’s story is a classic case of too much hype, too little substance in the EV startup world. We’ve seen their stock soar to $93 per share in 2020, only to crash below $1 by … Read more