Nikola Corp. this summer became more valuable than Ford Motor Co. on big promises made by its then-executive chairman and the enthusiasm of small investors. Now, with the executive chairman gone and shares of the electric truck maker down about 80% from their peak, the company must rely on the strength of its business model. That model attracted auto sector luminaries, big-name investors and industry giants. But it depends on delivering big technological advances and dramatic cost reductions.

Source: Wall Street Journal September 28, 2020 12:00 UTC