Introduction:

In 2016, A technology company named Nikola lied about having a revolutionary technology where they could make trucks powered by hydrogen instead of gasoline. Along with this, the company also lied that they had a working prototype (was rolled down hill) and had a way to produce hydrogen for just four dollars per kilogram, revolutionary breakthrough in technology even today, as hydrogen is produced for roughly about 16 dollars per kilogram. When these lies were exposed throughout 2020-2021, Nikola’s stock price plummeted, and the founder Trevor Milton was charged with securities fraud and faced up to 25 years in prison. Yet, after their Chairman and Founder was arrested, and with all the lies coming out against the company, one might think that Nikola would have gone out of business shortly after. Nikola looked to be in a really bad position: their reputation was ruined and key board members were now in jail. However, the company is still astonishingly still doing business today and the company is still valued at $2 billion and employs about 1,000 workers.