| Founded | 2015 |
|---|---|
| Closed | 2024 |
| Country | USA |
| Sector | Mobility |
| Total raised | $1.1B |
| Collapse type | Fraud Explosion |
| Founder | Trevor Milton |
Nikola Corporation
"Hydrogen trucks that existed only on slides"
Sudden collapse triggered by fraud exposure
Key Events Timeline
Nikola founder Trevor Milton staged a video of a truck rolling downhill to simulate self-propulsion, fabricating proof that the prototype worked.
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