
Nikola Corp: The $30B "Hill" Just Hit Bottom
We all remember the video of the Nikola truck being rolled down a hill to fake a prototype... but the ending to this story is actually wilder.
The Latest:
- Chapter 11: Nikola officially filed for bankruptcy and liquidated.
- Delisted: The "Tesla of Trucking" is now a worthless OTC ticker.
- The Twist: Founder Trevor Milton was just granted a full presidential pardon (March 2025).
It’s a brutal autopsy of what happens when a company uses gravity as a marketing tool. For anyone who followed the SPAC craze or got burned on Nikola Motors, this is a must-read on where the settlement money is actually going.
Does a pardon like this completely break the "accountability" argument for retail investors, or was the bankruptcy already the inevitable end?