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The first deliveries of Nikola’s hydrogen-fuel-cell-powered Class 8 truck are set to begin as early as late September, CEO Steve Girsky said Sept. 13.

Nikola Corp. says one of its battery-electric big rigs experienced a “thermal incident” Sept. 8 during a test on the cause of recent fires that prompted a recall.

Nikola Corp. fell in early trading after the maker of electric big rigs warned it may not reach its full-year delivery target as it grapples with fallout from recent battery incidents.

All the Class 8 Tre battery-electric trucks Nikola Motor sold or sent to potential customers for testing are being recalled, the company said.

Losses at Nikola Motor widened year-over-year in the second quarter of 2023 after the truck maker took a $77.8 million hit to its balance sheet.

Nikola Corp. is tapping a former General Motors Co. vice chairman to serve as its CEO, replacing the current CEO after less than a year of running the electric truck maker.

A gravity-defying rally in electric vehicle startup Nikola Corp. is showing no signs of stopping, as the company’s latest efforts to conserve cash and secure funds reignites a stock fervor.

Truck maker Nikola agreed to sell its Phoenix Hydrogen Hub project to partner Fortescue Future Industries for $24 million, the companies said.

Nikola Corp. has reached a deal to buy hydrogen from BayoTech to fuel the truck manufacturer’s Class 8 Tre fuel cell electric vehicles, it said.

Nikola Corp. has finally reignited some of the fervor of its once die-hard day-trading fans as it has reversed the stock’s 2023 decline.