Nikola Corporation, a US electric-vehicle company founded by Trevor Milton in 2014, faced a significant setback when Milton was jailed for criminal fraud in December 2023. Despite the negative publicity surrounding the founder's actions, Nikola is undergoing a remarkable transformation under new management. The company is now focusing on producing trucks powered by electric batteries and hydrogen fuel cells, with a recent order of 100 hydrogen fuel-cell electric trucks from Ailo. This turnaround demonstrates the resilience and adaptability of Nikola in the face of adversity. The article delves into the history of Nikola Corporation, highlighting its past vehicle concepts and marketing strategies that garnered significant attention and investment. Although the company faced challenges and allegations of fraudulent activities, it managed to secure substantial investments and government grants. The narrative emphasizes the importance of clear communication, integrity, and managing expectations in the tech industry, especially for start-ups and high-growth companies. The lessons from Nikola's journey serve as a cautionary tale for entrepreneurs and investors, showcasing the risks and rewards of disruptive technologies and ambitious business ventures. The significance of transparency, accountability, and ethical leadership in navigating the complexities of product development and market expectations is underscored throughout the article. Ultimately, Nikola Corporation's story encapsulates the resilience and potential for redemption in the business world, offering insights into the dynamics of innovation, investment, and corporate governance.