The Rise and Fall of Nikola: A Cautionary Tale

This chapter explores the tumultuous journey of Nikola, a company that once promised to revolutionize the electric vehicle market but ultimately collapsed under the weight of its own fraudulent practices. It humorously contrasts Nikola's rise with that of a meme coin, while dissecting the deceptive marketing strategies that misled investors and consumers alike. As the narrative unfolds, comparisons to notorious cases like Theranos underscore the critical importance of transparency and genuine innovation in the rapidly evolving EV landscape.