Alan Adler
Friday, March 17, 2023
Nikola matures as an electric truck manufacturer
Negative headlines about Nikola Corp.’s finances raise justifiable concern. Visiting its electric truck plant tells a different story.
Negative headlines about Nikola Corp.’s finances raise justifiable concern. Visiting its electric truck plant tells a different story.
Cummins Inc. is rebranding its New Power division to get more attention for its investments in zero-emissions technologies.
Nikola is still far from positive financial territory, but the integration of major components should help bring costs down.
Nikola expects federal incentives to help pay for hydrogen development, a different scenario from its convicted founder’s hydrogen claims.
Cummins plans for green hydrogen production for multiple uses gets the largest of $52 million in DOE grants.
Nikola founder and former Executive Chairman Trevor Milton pockets $49 million in sale of electric truck maker’s shares.