Hyperdrive
Nikola Pushes Back on Skeptics by Showcasing In-House Tech
- Embattled startup to clarify business plans after founder exit
- Pending partnership deal with GM faces Dec. 3 deadline
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Nikola Corp. wants to put allegations of deception behind it with a push to showcase its own innovations and detail how it plans to get its clean-powered trucks to market.
Executives at the embattled startup are talking to investors to rebut criticism it has no working prototypes and to clarify its business plans after the resignation of founder and former Chairman Trevor Milton. That effort includes highlighting technology with existing or pending patents, explaining the role partners will play and providing better milestones on efforts to start production.