42 Articles
Report
Nikola to sell up to 75 hydrogen-powered Tre semi trucks to Plug Power

Plug Power will attach its liquid hydrogen tankers to Nikola's trucks

Official
Nikola founder's trial goes to jury after final arguments

Trevor Milton pleaded not guilty to securities and wire fraud

Green
Nikola founder Milton faces NY jury in his toughest sales job

His fraud trial is expected to last 4-5 weeks

Official
Electric truck maker Nikola beats revenue estimates on higher deliveries

On track to deliver between 300 and 500 Tre semi trucks this year

Official
Walmart expands electric, hydrogen, natural-gas truck testing

Freightliner, Cummins, Chevron and more are involved in pilot programs

Report
Nikola started production of electric trucks on March 21

The company says it plans to deliver 300 to 500 Tre semis this year

Report
Nikola will pay $125 million to settle SEC charges of defrauding investors

Nikola founder Trevor Milton is battling civil and criminal charges

Report
Nikola’s indicted ex-chairman Trevor Milton sells $77 million of stock

Milton stepped down as executive chairman in September but remains Nikola's largest shareholder

Breaking
'Vapor ware' and a power cord: Nuggets from Nikola founder indictment

Feds depict Trevor Milton as fixated on stock price, hyping an unfinished product

Breaking
Nikola founder Trevor Milton charged with misleading investors

He pleads not guilty in court appearance, is freed on $100 million bail

Report
Nikola loses fuel-cell development head, shares fall

Jesse Schneider has left the company to pursue other opportunities in the hydrogen industry

Green
Report
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Nikola targets the range of its hydrogen fuel cell-powered trucks

The hydrogen-fueled Sleeper would allow for a nonstop range of up to 900 miles

Breaking
GM scraps plan to buy stake in Nikola and build its electric pickup

In wake of fraud claims, they announce a smaller deal involving fuel cells

General Motors Co and Nikola Corp on Monday announced a reworked, smaller agreement that keeps a fuel-cell partnership intact but eliminates an equity stake in the startup for the Detroit automaker as well as plans for building Nikola's electric pickup truck. In September, the companies announced a deal under which GM would supply batteries, a chassis architecture, fuel cell systems and a factory to build the startup's proposed Badger electric pickup in return for an 11% stake and $700 million.

Report
Nikola discloses it got grand jury subpoenas in fraud allegations

Feds and New York investigating claims by short-seller Hindenburg

The company also received a grand jury subpoena from the New York County District Attorney's Office in the same month. The U.S. Securities and Exchange Commission also issued subpoenas to Nikola, its board and eight of its officers and employees in September, the company disclosed in the filing, which was prompted by the short-seller's scathing report earlier that month. The report had claimed that Milton, who has since resigned as chairman, had made false claims about the company's proprietar

Report
GM and Nikola have not finalized deal, will continue discussions

Either side can terminate the agreement if it isn't finalized by Dec. 3

General Motors Co and Nikola Corp have not finalized their deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers, one day ahead of the date targeted, and are continuing discussions, GM said on Tuesday. "Our transaction with Nikola has not closed," GM spokeswoman Juli Huston-Rough said in a statement. "We are continuing our discussions with Nikola and will provide further updates when appropriate or required."

Report
Nikola One truck design was purchased from Rimac's designer

The revelation came after Nikola sued Tesla over the design of its Semi

Report
Nikola founder Trevor Milton resigns after big GM deal, accusations of fraud

Former GM Vice Chairman Stephen Girsky will replace Milton

Shares in electric and hydrogen-powered truck startup Nikola plunged on Monday after the company's founder resigned amid allegations of fraud - just two weeks after signing a $2 billion partnership with General Motors. The company said late Sunday that Trevor Milton resigned and the departing executive chairman said he would defend himself against accusations that the company made false claims about its vehicles, allegations Nikola rejects. Milton said in a message to Nikola employees that he

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