Republic Services (NYSE: RSG) has canceled an order for 2,500 battery-electric refuse trucks from Nikola Corp. (NASDAQ: NKLA), raising new questions about the electric truck startup’s ability to generate revenue to keep its business plans alive.
Development of the trucks based on the Nikola Tre would take too long to develop and cost more than expected, Nikola said in a press statement Wednesday.
The goal of the collaboration with Republic was to design and build an industry-first fully...
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