Nikola News Updates

Business, Technology, Equipment, Fuel, Autonomous

Batteries Battle Fuel Cells for Top Spot for Electric Trucks

Nikola President Michael Lohscheller was beaming when he unveiled the U.S. startup’s fuel cell truck for the European market at the region’s biggest commercial vehicle show this week.

September 20, 2022
Government, Business, Technology, Fuel

Nikola CEO Mark Russell Says Trevor Milton Was Prone to Exaggerate

Nikola Corp.’s chief executive officer told a jury he learned only after joining the company that its debut electric truck had neither a gas-powered turbine nor a fuel cell when founder Trevor Milton unveiled it.

September 19, 2022
Government, Business, Technology, Fuel

Nikola Cannibalized a Ford for Hyped Badger Electric Pickup, Jury Told

A Nikola Corp. prototype of the electric vehicle startup’s planned Badger pickup truck was made partly of components from a Ford Motor Co. F-150 Raptor, the jury in the criminal trial of Nikola founder Trevor Milton was told.

September 15, 2022
Government, Business, Technology, Fuel

Nikola Whistleblower Made $600,000 Off Short Sale, Jury Told

A former Nikola Corp. contractor whose allegations of fraud at the electric truck company helped spur a criminal investigation told a federal jury he made $600,000 off a short seller’s report on Nikola.

September 14, 2022
Government, Business, Technology, Fuel

Nikola Wins Rulings Over Trevor Milton on Brink of Criminal Trial

Nikola Corp. won a court order preventing founder Trevor Milton from using certain company communications in his defense against criminal charges that he lied about the company’s products to mislead investors and prop up the stock.

September 8, 2022
Business, Technology, Equipment

EV Makers Lucid, Nikola Plan for Stock Sales

It was probably a case of now or never for the latest pair of electric vehicle makers to announce fundraising plans as they burn through cash.

August 30, 2022
Business, Technology, Fuel

Nikola Announces Leadership Changes, Moves Ahead With Acquisition of Romeo Power

Nikola Corp. made announcements regarding leadership changes and its proceeding with acquiring an energy-storage technology company.

August 30, 2022
Government, Business, Technology, Equipment, Fuel

Tesla, Nikola Race for Up to $40,000 Incentives

The Inflation Reduction Act would give up to $40,000 tax credits per heavy-truck purchase, suggesting that competition to get the Tesla Semi to compete with Nikola will heat up.

August 12, 2022
Business, Technology, Equipment, Fuel, Breaking News

Nikola CEO Mark Russell to Retire Jan. 1

Truck manufacturer Nikola Corp. has announced a leadership change that places a 20-year automotive industry veteran at its helm.

August 10, 2022
Business, Technology, Equipment

Nikola Reports $18.1 Million Revenue

Nikola Corp. reported its first meaningful revenue and said it’s on track to deliver as many as 500 electric big rigs to customers this year.

August 5, 2022