Nikola Badger

The soap opera that is Nikola Corp. has been renewed for a new season with the company taking aim at convicted founder Trevor Milton.

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

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.

Soaring heights and crashing lows describe Nikola Corp.s first six months as a public company. Allegations of fraud and a stock price decline from the high $70s to the upper teens led Yahoo Finance users to vote the electric truck startup the worst company of the year.

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.

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.

Excerpt: Nikola and GM signed a nonbinding memorandum of understanding to use the automaker’s Hydrotec fuel cells in its heavy-duty trucks. But GM walks away from taking an equity stake and the Badger electric pickup is dropped.

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.

In today’s edition of The Daily Dash, the future of Nikola’s Badger electric pickup is up in the air; President Donald Trump signs a one-year funding extension for surface transportation programs; and a major survey on truck parking nears completion.

As Nikola’s talks continue with General Motors to preserve a supply deal for batteries and fuel cells, evidence is mounting that the Nikola Badger electric pickup associated with departed founder Trevor Milton may become roadkill.

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.

Former General Motors Vice Chairman Steve Girsky, who led startup truck maker Nikola to its public debut in June, earlier suggested to GM that its battery and fuel cell technology could create value for both companies.

Kevin and I are joined again by Ben Gordon, Managing Partner and CEO, Cambridge Capital and BGSA, to discuss the importance of the Nikola-GM partnership. We also debate whether there […]

General Motors is putting its battery and fuel cell expertise to work for startup electric truck maker Nikola in exchange for an 11% ownership stake worth $2 billion.

General Motors Co. (NYSE: GM) will become an 11% owner of electric truck startup Nikola Motors Corp. (NASDAQ: NKLA) and build the battery-electric Badger pickup as well as providing the […]

Nikola Executive Chairman Trevor Milton says buzz-building is part of the startup electric truck company’s growth strategy as its closes in on producing Class 8 trucks.

Nikola experienced a V-shaped recovery in its share price as storytelling in place of revenue drives enthusiasm and disdain for publicly traded electric truck startups.

Lordstown Motors says first-year production of electric commercial pickup trucks is sold out – if the startup secures the $450 million it needs to retool a former General Motors car plant to make full-size pickups.