Nikola, a startup headquartered in Phoenix, Arizona was founded in 2014, initially focusing on commercial vehicles powered by electricity or hydrogen fuel cells. Early 2020 saw the unveiling of the Badger, a brawny-looking pickup that promised to rival the Rivian R1T with both battery electric (BEV) and hydrogen powertrains. General Motors signed on to help develop the truck ahead of planned deliveries in 2022. Everything went sideways, however, when a short-seller firm accused the company of fraud in September 2020. The CEO at the time, Trevor Milton, was found guilty of multiple charges in October 2022. The company has since distanced itself from its estranged founder, canceling the Badger and returning its attention to commercial vehicles. It delivered its first electric Tre semi-trucks in April 2022, but the company fights an uphill battle to overcome the fallout of Milton’s deceit and live up to the lofty production goals it has touted in the past.