Nikola News Updates

BusinessTechnologyFuel

Nikola Slumps After Denial of Short Seller Report

Just days after announcing a $2 billion agreement with General Motors, Nikola Corp. is fighting back against a “short seller” accusing the startup of deception and lying about its electric technology.

September 11, 2020
BusinessTechnologyFuel

Nikola Disputes Charges of Deception

Nikola Corp. shares fell as much as 13% after Hindenburg Research published a report accusing the startup electric-vehicle maker of “deception” and lying about its technology.

September 10, 2020
BusinessTechnologyFuelAutonomous

Tesla Shares Plunge After GM’s Nikola Stake, S&P Omission

Tesla Inc. shares slid on Sept. 8 after the electric-vehicle maker missed out on being included in the S&P 500 Index, taking investors who had bet on its entry to the benchmark by surprise.

September 8, 2020
BusinessTechnologyEquipmentAutonomousBreaking News

Nikola, GM Strike Deal for Pickup Trucks, Batteries

General Motors Co. and Nikola Corp. on Sept. 8 announced a strategic partnership under which GM will build Nikola’s Badger pickup truck and also serve as a key supplier of fuel cell-electric technology for Nikola’s Class 7 and Class 8 trucks.

September 8, 2020
BusinessTechnologyFuel

Nikola Founder Trevor Milton to Give 50 Employees $233 Million of His Stock

Trevor Milton, the founder and chairman of Nikola Corp., is giving the first 50 employees of the electric-truck startup 6 million of his own shares after making a promise when he hired them.

August 27, 2020
BusinessTechnology

Nikola’s Trevor Milton Beseeches Investors to Use Warrants or Lose Them

Electric-vehicle startup Nikola Corp. is urging stragglers to exercise their right to buy shares, the deadline for which has been extended until 5 p.m. Aug. 25.

August 24, 2020
BusinessTechnologyEquipmentFuel

Nikola Secures Order From Republic Services for at Least 2,500 Vehicles

Nikola Corp. announced it received a minimum order for 2,500 heavy-duty electrified refuse trucks from Republic Services Inc. that could expand to 5,000 over the life of the agreement.

August 10, 2020
BusinessTechnologyEquipmentFuel

Nikola Posts Q2 Loss, Stays Focused on Growth Strategy

Just months after becoming a publicly traded company, Nikola Corp. reported that net losses widened versus year-ago levels as the company continues investing in the buildup toward the introduction of its electric trucks.

August 5, 2020
BusinessTechnologyFuel

Nikola’s Trevor Milton Says Future of Trucking Is Hydrogen-Based

Nikola Corp. founder and Executive Chairman Trevor Milton believes the hydrogen fuel cell technology that powers his company’s trucks can place Nikola at the forefront of global efforts to toughen clean-air rules while also providing a truck that meets the needs of commercial fleets.

July 30, 2020
BusinessTechnologyEquipmentFuel

Nikola to Launch New US Plant With Tre Cabover Model

The battery-electric cabover Nikola Tre model will be the first Class 8 off the assembly line at Nikola's manufacturing facility in Coolidge, Ariz.

July 28, 2020