Nikola Hydrogen Trucks: The upbeat delivery figures come at a time when the EV industry is facing challenges from waning demand as high interest rates to curb inflation pressure consumers spending budgets, compelling them to opt for cheaper hybrid vehicles.
Prosecutors said Milton s improper statements included that Nikola had built a pickup from the "ground up," developed batteries he knew it was buying elsewhere, and had early success creating a "Nikola One" semi-truck he knew did not work.
Internal investigations from Nikola s safety and engineering teams indicate a single supplier component within the battery pack as the likely source of the coolant leak that caused the vehicles to catch fire, the company said.