Trevor Milton

The lanes are getting longer for autonomous trucks and the promise of greater profitability is predicted to follow.

Quiet and zero tailpipe emissions battery-electric trucks are gaining popularity across the industry for parts shipment to assembly plants.

Nikola is finally putting its fuel cell electric truck in the hands of retail customers like Bill Hall of Coyote Container.

Nikola CEO Steve Girsky knows the challenges the electric truck maker faces but points to 2024 as the company’s best year.

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

Federal prosecutors want to see Nikola founder Trevor Milton imprisoned for 11 years as punishment for lying to investors.

Defense attorneys offered 50 pages of reasons why convicted Nikola founder Trevor Milton should not go to prison. There may be more to say.

Nikola Corp. founder Trevor Milton is seeking probation instead of prison on his federal fraud convictions.

Nikola Corp. has won $165 million in arbitration from convicted founder Trevor Milton, but it wants to recover attorney fees, too.

Nikola Corp. founder Trevor Milton lost a bid for a new trial on a claim of juror bias.

Veteran business leader Steve Girsky acknowledges challenges but points to Q4 as the culmination of fuel cell truck startup Nikola’s efforts.

Nikola won’t need any more shareholders to vote for a share count increase because a Delaware rule change lowers the threshold.

Nikola Corp. is laying off 270 employees as its cash condition worsens and company founder Trevor Milton takes shots at leadership.

Battery chemistry will play a critical role in advancing electric trucking beyond regional and drayage hauling.

Nikola has a minimum of 180 days to get its share price above $1 or it could be delisted from the Nasdaq.

Nikola Chief Financial Officer Kim Brady retires as electric truck maker’s financials deteriorate and stock price hovers near all-time low.

Nikola allegedly tried to sign rival Lion Electric customers after canceling a battery supply contract with Romeo Power.

The government opposed a new trial for Nikola Corp. founder Trevor Milton, dismissing his allegations of juror misconduct.

Trevor Milton is seeking a new trial, claiming that a juror lied about using social media. Ironically, lying on social media helped convict the Nikola founder.

Nikola expects federal incentives to help pay for hydrogen development, a different scenario from its convicted founder’s hydrogen claims.

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

Nikola founder Trevor Milton on Friday was found guilty of three counts of fraud and will be sentenced Jan. 27.

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

Nikola founder Trevor Milton’s fraud trial was delayed until Oct. 11 because a defense attorney tested positive for COVID-19.

Se ordenó un retraso de una semana cuando el caso de la defensa estaba a punto de concluir

Prosecutors rested their federal fraud case against Nikola founder Trevor Milton on Friday after three weeks.

Nikola CFO Kim Brady testified in Trevor Milton’s fraud trial that the founder’s statements “could be inaccurate or exaggerated.”

Neither an “intervention” nor changing social media passwords deterred Trevor Milton’s social media frenzy, Nikola’s CEO testifies .

Nikola CEO Mark Russell testified in Trevor Milton’s fraud trial that Milton went on a publicity “blitz” to attract retail investors.

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.

Opening statements in Trevor Milton’s fraud trial paint a picture of greed contrasted by tales of tweets and corporate betrayal.

Nikola founder Trevor Milton’s fraud trial begins Monday, Sept. 12, in the U.S. District Court for the Southern District of New York.

El juicio penal del fundador de Nikola comienza el lunes con la selección del jurado

More than a year after he was indicted on criminal fraud charges, Nikola founder Trevor Milton will go on trial Monday.

Nikola founder Trevor Milton bought 3 million shares of electric truck company stock weeks before his criminal trial is to start.

A new name in electric truck charging and infrastructure broke cover this week with $1 billion or more in private equity funding.

Nikola Chairman Steve Girsky recruited Michael Lohscheller to lead Opel when Girsky was at General Motors. Now he’s done it again.

Proxy hunters bagged enough votes to give electric truck maker Nikola the financial flexibility it had been seeking since June.

Trevor Milton claims Nikola Corp. is violating his constitutional rights by seeking a protective order to block use of company conversations.

Nikola’s could keep adjourning its annual meeting as it pursues unvoted proxies to raise the number of authorized shares.

Nikola will try for a fourth time to win a proxy fight with indicted founder Trevor Milton as the electric truck maker fell short of votes again.

Nikola pide una orden de protección para evitar cebar el anzuelo en una expedición de pesca

Trevor Milton is angling to use privileged conversations at the electric truck maker in his criminal defense, but Nikola is fighting back.

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.

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.

Electric truck maker Nikola posted its first gross profit in Q1 and racked up orders backed by California incentives.

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.

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

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

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.

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.

Inactivity could lead a federal court to dismiss Nikola’s patent infringement lawsuit against Tesla. A lot has changed on both sides.

Second $300 million deal with Tumim Stone Capital will cover Nikola’s cash needs as it ramps up electric truck production.

Short seller Fuzzy Panda dumps dirt on Workhorse, including confirming an SEC probe of the troubled electric delivery van maker.

Just as his former company distances itself from him, indicted Nikola Corp. founder Trevor Milton continues to reduce his stake.

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.

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.

Zach Strickland and Anthony Smith break down the top news of the day on this episode of Freightonomics.

‘Today’s government actions are against Mr. Milton individually, and not against the company,’ Nikola said in a statement.

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.

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.

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.

Dooner and Michael Vincent count down their favorite WHAT THE TRUCK?!? episodes of 2020 and get stoked for 3 days of WTT?!? in 2021.

Top 10 lists dominate the end of any year. FreightWaves’ Top 10 stories list is voted on throughout the year by readers simply by reading our stories on freightwaves.com. Here are the stories you read the most in 2020.

In the latest blow to already beleaguered Nikola Corp., Republic Services canceled an order for 2,500 battery-electric refuse trucks. It further calls into question how Nikola will generate revenue.

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.

In today’s edition of The Daily Dash, ArcBest is the latest LTL carrier to report a strong start to Q4. Plus, 2020 supply chain trends are likely to continue into 2021, and Trevor Milton has begun to sell shares in Nikola Corp.

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.

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.

In today’s edition of The Daily Dash, Nikola founder Trevor Milton can start selling his shares on Monday. Plus, what roles PACs play for transportation stakeholders and how diesel supporters feel about a Joe Biden presidency.

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.

Nikola Corp. appoints a veteran financial executive to its board of directors, replacing a retiring board member with close ties to departed founder Trevor Milton.

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.

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.

A week after renewing confidence in embattled Nikola Corp. and indicating its deal to manufacture the startup’s electric pickup truck was on track, General Motors has dropped its supportive language.

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’s chief financial officer tried to clear a cloud of confusion over the startup electric truck maker, dissecting who does what on the Nikola Tre that goes into production in Europe in 2021.

The fallout at Nikola could place additional scrutiny on new public offerings and nontraditional special purpose acquisition companies.

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.

VCs talk SPACs and clean tech investment in wake of Nikola scandal.

Shares of electric truck maker Nikola Corp. sag 20% on the announcement its founder and executive chairman was stepping down, following the fallout from a short seller report questioning the company’s technology claims.

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.

Late Sunday night, FreightWaves broke the story of Trevor Milton voluntarily stepping down from the Nikola Motor (NASDAQ:NKLA) board. A few hours later, Nikola Motor made the resignation official in […]