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Nikola and Republic Services scrap their electric garbage truck

  • 28-12-2020 4:14pm
    #1
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,865 ✭✭✭✭


    Nikola Motor Company's plans to mass produce garbage trucks for Republic Services, one of the nation's largest waste management service providers, were canceled Wednesday morning, the latest in a string of bad news for the electric truck and hydrogen cell maker.

    In August, the company had announced plans to produce as many as 5,000 trucks for Republic Services, which has sought to build a more sustainable fleet of garbage trucks to better meet emissions standards. Nikola's (NKLA) stock shot up 22% after the deal was originally announced.

    A pity really
    https://edition.cnn.com/2020/12/23/tech/nikola-garbage-truck-canceled/index.html

    “I can’t pay my staff or mortgage with instagram likes”.



Comments

  • #2
    n97 mini
    Registered Users, Registered Users 2 Posts: 8,295 ✭✭✭n97 mini


    It and the Badger were distractions. If they don't hurry up and start building class 8 trucks they'll be last to market.


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