Nikola will keep trying to pass a proposal to increase the number of authorized shares by pressing company stock owners to vote their proxies..
Nikola founder Trevor Milton will be tried in September rather than July after a new fraud charge led to a plea for more time.
Nikola founder Trevor Milton has been irritating the company he once led since leaving in September 2020.
After a new fraud charge was leveled against Nikola founder Trevor Milton earlier this week, his attorneys are seeking a 30-day delay to review the documents.
Columbus, Indiana is the very definition of a company town. And it owes its vitality to Cummins Inc.
It’s the end of the line for Electric Last Mile Solutions as it becomes the first transportation SPAC to file for bankruptcy liquidation.
Nikola Corp. adjourned its annual meeting Wednesday after too few investors voted on a proposal to raise the number of shares in the electric truck maker.
Cummins will work with Daimler Truck North America to get hydrogen-powered fuel cell Freightliner Cascadias to customers in 2024.
Electric truck maker Nikola posted its first gross profit in Q1 and racked up orders backed by California incentives.
Nikola is raising money to scale its production of electric trucks through sales of new stock and tapping an equity line of credit.
Nikola is helping to bring electric infrastructure companies to the Arizona desert where it has begun production of electric trucks.
Class 8 battery-electric trucks will generate the first meaningful revenue that Nikola can take to the bank.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Nikola has put wheels in motion to sell up to $1.2 billion in new stock to keep scaling its electric truck and hydrogen businesses.
No hay un calendario concreto, pero el fabricante de camiones eléctricos ha indicado que la ampliación de capital será este año
With more than $200 million in incentive funding being released Wednesday in California, fleets are placing larger orders for electric trucks.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
ndicted Nikola Corp. founder dropped his attempt to move his criminal trial out of New York and sold more stock as trial date was reset to July.
Veteran automotive executive Ed Hightower is trying to bring the Lordstown Endurance electric pickup truck to market despite myriad setbacks.
Nikola is asking shareholders to dilute their investment by authorizing 200 million new shares of the electric truck maker that could raise $1.5 billion.
Los 5 principales ejecutivos se mantienen con sueldos de 1 dólar al año, apostando por la revalorización de las acciones
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Electric truck maker Nikola projects it will build 300-500 battery-electric trucks this year and post up to $150 million in revenue.
El control de la tesorería es una prioridad al comenzar la segunda fase de la planta de Arizona
Michael Lohscheller has been named president of Nikola Corp., charged with leading the electric truck maker’s global growth.
Las estaciones de recarga “semiprivadas” y los incentivos para el mercado temprano son las principales prioridades del sector
As the Biden administration moves on its electric vehicle charging infrastructure plan, trucking makes its case for getting a dedicated network.
Nikola hydrogen-powered fuel cell trucks and BYD battery-electrics conducted beer runs to Los Angeles-area bars before Sunday’s Super Bowl.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Top executives resigned at ELMS Inc. following a board probe into their discounted stock purchases before a SPAC merger.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Nikola secures a long-term battery supply for its electric trucks with Proterra, which earlier locked up critical cells with LG Energy Solution Electric.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
La filial de Paccar Inc. muestra las versiones de producción, asombrando a los clientes
There is no turning back on the transition from diesel to battery- electric trucks, especially with hefty incentives offsetting their higher upfront cost.
Sales focus on Asia by spin-off of Horizon Fuel Cell Technology brought weak prices despite surpassing delivery projections.
With a growing stack of letters of intent, Nikola approaches player status in electric trucks if its demonstration units meet performance requirements.
Truck Tech is a weekly newsletter focusing on autonomous, connected and electric innovations in the trucking ecosystem for fleets.
De cara al futuro, la startup aumenta su cartera de pedidos
con la intención de hacer un pedido a USA Truck
Startup electric truck maker Nikola dropped its patent infringement suit against Tesla after original claims were muted and the judge shelved the case.
From storing renewable energy stocks to tapping high-voltage transmission lines, the juice to power electric trucks has to come from somewhere.
Nikola and Volvo bag new orders for electric trucks as the industry transition to zero tailpipe emissions gains momentum.
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.
Truck Tech is a weekly newsletter focusing on autonomous, connected and electric innovations in the trucking ecosystem for fleets.
Truck Tech is a weekly newsletter offering perspective and context on electrification and autonomous technologies for fleets and the trucking ecosystem.
Hedge funds and retail investors led the takeoff in transportation SPACs that are barely staying aloft. Guess who gets the better end of that deal?
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.
The Nikola founder fails in the bid to get his fraud trial moved out of New York to Arizona or Utah, where his wife is ill.
Editor’s Note: Updates with closing stock price Nikola Corp. set aside $125 million to potentially settle a Securities and Exchange Commission complaint but will seek to get indicted founder Trevor […]
Truck Talk is a FreightWaves’ newsletter covering the trucking ecosystem with perspective and context.
Nikola continues to work its fuel cell electric truck reservation book, converting flatbed hauler PGT Trucking to a letter of intent.
Truck Talk is a weekly newsletter that brings perspective and context to happenings in the commercial trucking ecosystem.
Inactivity could lead a federal court to dismiss Nikola’s patent infringement lawsuit against Tesla. A lot has changed on both sides.
Truck Talk is a weekly FreightWaves newsletter providing perspec on autonomous, electrification and other key issues in the trucking ecosystem.
Second $300 million deal with Tumim Stone Capital will cover Nikola’s cash needs as it ramps up electric truck production.
Cummins plans for green hydrogen production for multiple uses gets the largest of $52 million in DOE grants.
Electric-vehicle maker Rivian is said to be looking for as much as $8 billion from its upcoming IPO, which would make it the fourth-largest U.S. IPO in the past 10 years.
Truck Talk is a newsletter that applies perspective and context to electrification, autonomy and the future of freight transportation.
Nikola is licensing Bosch fuel cell technology to use in its Arizona plant, casting doubt on whether it would eventually use General Motors’ fuel cells.
Short seller Fuzzy Panda dumps dirt on Workhorse, including confirming an SEC probe of the troubled electric delivery van maker.
Shares of electric chassis maker Xos Trucks closed 14.5% lower in their first day of public trading, getting a reception similar to its peers.
Just as his former company distances itself from him, indicted Nikola Corp. founder Trevor Milton continues to reduce his stake.
Truck Talk is a weekly newsletter adding perspective and context to trucking industry news.
Nikola founder makes biggest divestiture to date, selling 7 million shares over three days and transferring 600,000 shares to his spouse.
We asked FreightWaves experts to provide their HFOs (Hot Freight Opinions) on the developments with Milton and the potential impact on Nikola.
The last time demand was this high for new Class 8 trucks, fleets placed record orders. Not this time because manufacturing capacity is limited.
Confident that the indictment of founder Trevor Milton won’t lead to legal trouble, Nikola focuses on supply challenges.
Truck Talk is a weekly newsletter offering perspective and context on the trucking industry.
‘Today’s government actions are against Mr. Milton individually, and not against the company,’ Nikola said in a statement.
Cummins is working with Air Products to convert about 2,000 trucks fore the world’s largest maker of hydrogen. gas
Truck Talk is a weekly newsletter that offers perspective and context on news in the trucking industry.
Truck Talk is a weekly newsletter offering perspective and context on happenings in the heavy-duty and commercial trucking sector.
Testing in Brooklyn convinced the New York City Department of Sanitation the Mack LR Electric refuse hauler has the right stuff for wider use.
Truck Talk is a weekly newsletter that adds perspective and context to issues affecting the trucking industry.
Nikola Corp. is investing $50 million to buy a 20% stake in an Indiana clean hydrogen company to eventually supply fuel cell trucks in the Midwest.
Acronyms like SPAC and PIPE dominate business news as the abbreviated path to public ownership becomes increasingly common.
Truck Talk is a weekly newsletter from FreightWaves that adds perspective and context to happenings in the trucking industry.
Nikola puts FreightWaves in the passenger seat of a battery-electric Class 8 daycab nearing production in Arizona.
Nikola Corp. agreed to sell Tumim Stone Capital up to $300 million in new shares over the next three years.
Lordstown Motors Corp.’s top two executives are out following an internal investigation into allegations of phony preorders for electric pickup trucks.
Jerome Guillen, the head of the Tesia Semi Class 8 electric truck program, has left the electric vehicle maker without explanation.
Nikola founder makes bank for early employees to whom he gave 6 million low-priced stock options.
Nikola’s top five executives are taking $1-a-year salaries with huge stock payouts ahead if they restore lost share value.
Truck Talk is a weekly newsletter offering perspective and context on happenings in the industry.
Nikola exposes battery-electric Class 8 Tre to 25 fleet customers and gets first firm order for delivery late this year.
Nikola was early to the SPAC party. Now it is among the first to take a paper loss on stock warrants by following stricter SEC guidelines.
After a delay in getting hydrogen infrastructure partners, Nikola cuts its second deal in a week, this one withTravelCenters of America.
As hydrogen grows as a fuel source for long-haul trucking, Nikola Motor Corp. is finding ways to bring down the cost of manufacturing the fuel.
Hyliion Holdings stock is getting hammered along with most electric vehicle startups, but CEO Thomas Healy is staying optimistic.
IKEA Canada and its last-mile delivery partner Second Closet will purchase all-electric trucks from Lion Electric to be used for home deliveries.
A transmission pipeline will take hydrogen where Nikola needs it for fuel cell trucks it plans to build in Germany with IVECO.
An understanding between European truck maker IVECO and self-driving software maker Plus includes liquified natural gas but not electric trucks.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
SPAC-backed stocks are getting hammered, but Hyliion soldiers on in preparing the negative net-zero carbon Hypertruck ERX.
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.
South Korean’s Hanwha Group plans to cut 50% of its holdings in Nikola as the electric truck startup seeks to sell $100 million in new shares.
Short seller Hindenburg Research alleges fictitious orders and other fraudulent at electric pickup truck startup Lordstown Motors.
