Lucid Motors has announced that it acquired some of Nikola Motor’s assets out of its bankruptcy, including its factory, and it will offer jobs to over 300 of its employees.
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Well, here’s a weird one. We got a press release in our inboxes claiming that Nikola Motors founder Trevor Milton, who was convicted of defrauding investors of hundreds of millions of dollars, has been issued a full pardon for his crimes.
Update: This article has been updated to include confirmations from media of the pardon, to acknowledge the $1.8 million in payments Milton and his wife gave to a pro-Trump PAC, and with comments from Mr. Trump in a press conference where he said that Milton’s support was one of the reasons for his decision.
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Whoever is left at Nikola after the fledgling truck-maker filed for Chapter 11 bankruptcy protection last month is probably having a worse week than you – the company issued a recall with the NHTSA for 95 of its hydrogen fuel cell-powered semi trucks.
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Cash-strapped hydrogen truck maker Nikola is facing tough times — and its most recent round of layoffs has halted production of its controversial hydrogen fuel cell semi trucks as the company faces down bankruptcy (again).
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On today’s heavy-duty episode of Quick Charge, we take a look at Nikola Motors’ troubling finances, reliability problems with their hydrogen semi trucks, and an all-new, all-different electric Toyota cute-ute makes its debut. Will it be enough to take Toyota to the front?
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Nikola stock sinks to a 52-week low, a NHTSA complaint claiming the fuel cell shuts down unpredictably, and one of hydrogen’s early adopters remains unconvinced. Is it time for Nikola to throw in the towel on hydrogen?
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Global logistics giant DHL is serving Diageo North America – the makers of Captain Morgan rum – with a new deployment of hydrogen powered Nikola semi trucks and a standalone hydrogen fueling station.
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Walmart Canada continues its march towards a 100% alternative fuel fleet with the deployment of its first hydrogen fuel cell-powered Nikola Tre.
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Nikola, producer of fuel cell and battery electric semi trucks, held a grand opening for the first of its HYLA refueling stations. The goal is to build a hydrogen refueling network that can be rolled out quickly, and built up over time as fuel cell trucks become more common.
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Just hours after Nikola announced that it had completed the first North American deliveries of its hydrogen fuel cell electric semi trucks, Biagi Bros. Logistics took to social media to post pictures of its new fleet of Nikolas. Plural.
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Nikola Corp (NKLA) announced it had delivered the first production hydrogen fuel cell truck in North America during the fourth quarter. The company said it also remains on track to deliver the first reworked battery electric trucks back to customers by the end of Q1.
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The Nikola Badger electric pickup, one of the biggest blunders in the history of the EV space, is making a comeback in the most hilarious way: through a Youtuber friend of convicted felon Trevor Milton.
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The port cartage and drayage specialists at Coyote Container successfully completed a 400-mile delivery in a Nikola Tre semi truck powered by a hydrogen fuel cell.
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Trevor Milton, founder and former CEO of Nikola Corporation, has been sentenced to four years in prison for defrauding investors with false statements about the company’s electric trucks.
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After recalling all of its battery electric trucks that it had delivered, Nikola’s losses widened in the third quarter. However, with orders rising for its hydrogen fuel cell truck, is Nikola turning the page?
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Shares of Nikola Corp (NKLA) are down by double-digits after the electric truck maker announced its fourth CEO, Michael Lohscheller, is stepping down, effective immediately.
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Following a hint that this was coming during its Q1 2023 earnings report, Nikola Corporation shared a business update that includes plans for decreased cash usage and a “reorganizing” of its workforce. The EV startup is prioritizing the North American market as it looks to lean down and optimize to ensure the continued production of its zero-emissions trucks.
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Nikola (NKLA) released its first-quarter earnings on Tuesday, announcing it will refocus business operations in North America. After building sales momentum in Q1, Nikola says it will focus on what it knows best, including fuel cell trucks.
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It’s earnings season again, and EV startups are on deck this week. EV startups, including Lucid (LCID), Rivian (RIVN), Fisker (FSR), and Nikola (NKLA), are all set to report Q1 earnings as funding and production come into focus.
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Lion Electric (LEV) filed a civil lawsuit against EV maker Nikola Motors (NKLA) in the US District Court for Arizona on March 2. The filing alleges Nikola tried to steal customers after breaking its battery pack purchase agreement with Lion.
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Nissan is taking a big step with its latest endeavor to combat emissions. The automaker will now be delivering new vehicles in fully electric, heavy-duty trucks in a new trial with Nikola and Kenworth.
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Nikola Corporation shared its Q4 and full year results for 2022 earlier this morning, and although some of its numbers saw significant drops compared to Q3, the American BEV and FCEV automaker has a lot of accolades on its report card and even bigger plans for this coming year. See the full results below.
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EV automaker Nikola Corporation has announced a new partnership with EV charging network ChargePoint Holdings Inc to expand charging infrastructure for EV fleets across the United States. Through the partnership, Nikola will gain access to ChargePoint’s entire lineup of charging solutions, including management software, and resell those products to its fleet customers.
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Nikola Corporation continues to show growth as an EV startup still recovering from the wrongdoings of its defamed founder, reporting increases Tre BEV deliveries and revenue according to its Q3 2022 report. With expansions to its current US manufacturing facility and additional footprints on the way, Nikola continues to distance itself from its turbulent past.
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