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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.

Nikola’s latest bid to issue more shares and secure the funds needed to advance its Class 8 hydrogen fuel cell truck ambitions failed, it said July 6.

Nikola Corp. delivered 45 battery-electric trucks wholesale and 66 trucks retail in the second quarter, the company announced July 5.

Truck manufacturer Nikola Corp. and delivery-van maker Arrival added to a series of misfortunes for electric vehicle startups struggling to make it to mass production.

Nikola Corp. suspects “foul play” after an early-morning fire broke out at its Phoenix headquarters that affected several of its electric big rigs.