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.
Inactivity could lead a federal court to dismiss Nikola’s patent infringement lawsuit against Tesla. A lot has changed on both sides.
Nikola Motors is setting up its hydrogen truck manufacturing plant in Arizona, which is expected to roughly bring about 2,000 jobs by 2024.
The Nikola Motor Company announced that Mark Russell has joined its executive management team as president. According to Nikola’s press release, Russell will manage the company’s production of new zero-emission vehicles.
The year 2018 has been a big one for Nikola Corporation, and investors continue to line up to support the hydrogen-electric truck startup. Next year might be even bigger.
As it continues work toward disrupting the traditional diesel-powered truck market in North America, Nikola Motor Company is eyeing another continent for its hydrogen-electric tractor: Europe.
Nikola Motor Company raised over $100 million in August, and the company’s CEO Trevor Milton expects its $200 million C round to be oversubscribed. Nikola boasts a $1.1 billion pre-money valuation.
Toyota Motor has been testing a Class 8 hydrogen fuel cell truck in port operations in California, but yesterday it took that program to the next level with introduction of Version 2 of the truck with more range and other features.
A quote by Oren Harari sums up a lot of how CEO Trevor Milton feels about Nikola has achieve with the hydrogen fuel-cell electric semi: “The electric light did not come from the continuous improvement of candles.”
