Nikola News Updates

GovernmentBusinessTechnologyFuel

Milton Wants to Inspect Nikola Vehicles Feds Say He Lied About

Nikola Corp. founder Trevor Milton claims federal prosecutors refused access to the company’s vehicles and equipment he says are crucial to his defense against fraud charges.

January 14, 2022
BusinessTechnologyEquipment

Covenant Signs Letter of Intent for 50 Nikola Vehicles

Covenant Logistics Group is planning to add 50 zero-emission vehicles from Nikola Corp. to its fleet, the logistics company announced Jan. 11.

January 14, 2022
GovernmentBusinessTechnologyFuel

Nikola BEV Qualifies for CARB Voucher Incentives

Nikola Corp. announced its Nikola Tre battery-electric vehicle is eligible for the hybrid and zero-emission truck and bus voucher (HVIP) incentives from the California Air Resources Board.

January 14, 2022
BusinessTechnology

Nikola Drops $2 Billion Patent Suit Against Tesla

Fledgling electric vehicle maker Nikola Corp. is dropping its $2 billion patent lawsuit against rival Tesla Inc. as its founder continues to fight criminal charges that he misled investors.

January 5, 2022
BusinessTechnologyEquipmentFuel

Thompson, Heniff Reach Nikola BEV Agreement

Thompson Truck Centers announced that Heniff Transportation Systems reached an agreement to acquire 10 Nikola Tre BEV trucks.

December 29, 2021
BusinessTechnology

Nikola to Pay $125 Million SEC Penalty Over Milton Comments

Nikola Corp. will pay a $125 million penalty to the U.S. Securities and Exchange Commission over allegedly misleading statements its founder and former CEO made to investors about the electric vehicle startup.

December 21, 2021
GovernmentBusinessTechnology

Trevor Milton Seeks to Dismiss Indictment

Nikola Corp. founder Trevor Milton asked a federal judge to throw out an indictment accusing him of misleading investors about the electric vehicle maker’s financial prospects.

December 16, 2021
BusinessTechnologyFuel

Milton Has Sold $284 Million of Nikola Stock Since Fraud Charges

Nikola Corp.’s founder sold his biggest batch of shares since the U.S. charged him with securities fraud, bringing the total he has disposed of since August to $284 million.

November 24, 2021
BusinessTechnology

Nikola Founder Trevor Milton Must Face Criminal Case

Nikola Corp. founder Trevor Milton must face the criminal case against him in New York, after a federal judge denied his request to dismiss the indictment or change the venue.

November 15, 2021
GovernmentBusinessTechnologyEquipment

Nikola Expects $125 Million Penalty From SEC

Hydrogen-electric fuel truck manufacturer Nikola Corp. said it took a $125 million charge in the third quarter as it expects to use that money as part of a possible negotiated settlement with the U.S. Securities and Exchange Commission concerning allegations the company’s founder, Trevor Milton, defrauded investors.

November 4, 2021