Hindenburg Research

Natural gas may be having a moment as an alternative fuel for trucking, but there are a few nagging questions.

Nikola Corp. founder Trevor Milton outside federal court after being sentenced to four years in prison. (Photo: Matthew Lee/Inner City Press)

Steve Burns cashed out more than $60 million in stock in Lordstown Motors. Now he is buying its assets out of bankruptcy for $10 million.

Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.

Autonomous trucking language can be a little off-putting to the uninitiated. One exception may be the term “feature complete.”

The federal government made SPAC-sponsored Nikola founder Trevor Milton an example of corporate greed. Will others follow?

The Trevor Milton fraud trial heads for jury deliberations Friday following invective-tinged final arguments.

A Nikola whistleblower collected $600,000 from a short seller of the company’s stock and could be in line for a bigger payday from the SEC.

Nikola founder Trevor Milton will be tried in September rather than July after a new fraud charge led to a plea for more time.

Lordstown Motors lives to fight another day with the $230 million sale of the plant it basically got for free from General Motors.

Veteran automotive executive Ed Hightower is trying to bring the Lordstown Endurance electric pickup truck to market despite myriad setbacks.

La empresa solicitará el reembolso del fundador acusado
Trevor Milton

Nikola avoids admitting wrongdoing, but the SEC lays out a litany of misdeeds that led to the $125 million settlement.

Nikola’s founder sells another large chunk of his holdings in the electric truck startup that wants him to reimburse an expected $125 million SEC fine.

Truck Talk is a weekly newsletter that brings perspective and context to happenings in the commercial trucking ecosystem.

Taiwan’s Foxconn would manufacture Lordstown Motors’ Endurance electric pickup truck under an agreement to buy the former GM assembly complex.

Troubled electric pickup truck maker Lordstown Motors reportedly is the subject of a Justice Department probe, according to multiple media reports.

Acronyms like SPAC and PIPE dominate business news as the abbreviated path to public ownership becomes increasingly common.

Lordstown Motors Corp.’s top two executives are out following an internal investigation into allegations of phony preorders for electric pickup trucks.

Once high-flying SPAC Lordstown Motors said Tuesday it may fail without more money to produce commercial electric pickup trucks.

Nikola exposes battery-electric Class 8 Tre to 25 fleet customers and gets first firm order for delivery late this year.

Hyliion Holdings stock is getting hammered along with most electric vehicle startups, but CEO Thomas Healy is staying optimistic.

There continue to be concerns about when these new orders will be prepared, as many truck manufacturers continue to deal with semiconductor shortages.

Nikola founder and former Executive Chairman Trevor Milton pockets $49 million in sale of electric truck maker’s shares.

Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.

Short seller Hindenburg Research alleges fictitious orders and other fraudulent at electric pickup truck startup Lordstown Motors.

Nikola has less need for partners for its hydrogen fueling stations now that it has a sweet price for electricity in Arizona.

Nikola is recasting its board of directors to make crisis management and business expertise available to management as the electric truck startup seeks to regain credibility lost after a stratospheric beginning as a public company.

In a federal filing, Nikola founder Trevor Milton reports selling about 3.2 million of his 91.6 million shares in the electric truck startup.

Arizona officials rooting for Nikola Corp. to make good on its plans for a $600 million electric truck assembly plant and hundreds of new jobs say construction is progressing.

Lockup expiration sends Nikola shareholders heading for the exits for second consecutive day as stock loses about 40% of its value.

Nikola telegraphed that an equity deal with General Motors was iffy following a short seller’s fraud claims by the electric truck startup. On Monday, GM and Nikola said they may work together to integrate GM fuel cells in Nikola trucks, a small piece of the grander plan.

Nikola Corp. founder Trevor Milton can sell his 92 million shares on Monday, creating a glut of stock that could drive the already volatile share price lower.

The official line on continuing negotiations is unchanged. But Nikola’s CEO refers to GM batteries and fuel cells for its trucks as alternatives.

After three weeks of negative media following a short seller’s allegations of fraud, Nikola is fighting back. The startup electric truck maker showed a timeline of planned milestones to reel back fleeing investors and keep customers from canceling orders.

Startup hybrid truck drivetrain maker Hyliion expects to complete its short trip to public trading on Monday when Tortoise Acquisition shareholders count votes on a reverse merger under which Hyliion would trade on the NYSE and get $560 million to fund its business plan.

Nikola Corp.’s hunt for a partner to build hydrogen fueling stations for its electric trucks stalled because of a short seller report attacking founder Trevor Milton on the startup’s technology claims, the Wall Street Journal reported.

Three class-action lawsuits have been filed against Nikola Corp. and its founder Trevor Milton, since short seller Hindenburg Research published its damaging report about the electric truck startup on Sept. 10.

Nikola founder Trevor Milton’s departure from the company “was not a termination,” the company said in a federal securities filing. And while Milton remains a billionaire on paper, he gives up a lot in leaving the startup electric truck maker.

Nikola founder Trevor Milton is out as executive chairman of the electric truck startup, the latest fallout from a brutal report by a short seller accusing him of lying about the company’s technology.

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, short seller Hindenburg Research continued to lob allegations of wrongdoing at Nikola […]

Short seller Hindenburg Research renewed its attack on Nikola after successfully beating down its shares. Nikola clams up as to whether the SEC is investigating.

After delaying a rebuttal to short seller Hindenburg Research’s screed on the electric truck startup’s integrity, Nikola publishes detailed responses to 15 of the accusations Monday, calming jittery investors.

Hindenburg Research, which makes money betting against companies with high stock prices, issued a blistering takedown of Nikola, alleging massive fraud by founder Trevor Milton. Nikola says the report is trying to manipulate its stock.