Nikola News Updates

GovernmentBusinessTechnologyFuel

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
BusinessTechnologyEquipment

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
BusinessTechnologyFuel

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
GovernmentBusinessTechnologyEquipmentFuel

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
BusinessTechnologyEquipmentFuelBreaking 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
BusinessTechnologyEquipment

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
BusinessTechnologyFuel

Nikola Overcomes Founder’s Opposition to Approve New Shares

Nikola Corp. shareholders approved a measure to issue new shares to potentially raise capital, a move that founder and former chair Trevor Milton had opposed.

August 3, 2022
BusinessTechnologyFuel

Nikola Buys Battery Maker Romeo Power

Nikola Corp. has agreed to acquire energy-storage technology company Romeo Power for about $144 million, the Phoenix-based electric vehicle maker announced Aug. 1.

August 2, 2022
GovernmentBusinessTechnologyEquipmentFuel

Arizona Congressman Joins Nikola for EV Showcase at Capitol

WASHINGTON — Rep. Greg Stanton (D-Ariz.) joined Phoenix-based truck manufacturer Nikola Corp. to showcase two electric trucks near the U.S. Capitol Building.

July 13, 2022
GovernmentBusinessFuel

Trevor Milton Indicted on New Fraud Charge

Nikola Corp. founder Trevor Milton, who is scheduled to go on trial next month on charges he misled investors about the company’s business prospects, was indicted for allegedly defrauding the previous owner of his Utah ranch, which Milton used as collateral for his bail.

June 22, 2022