Nikola

Business, Technology, Fuel

Nikola Shares Plunge After CEO Says Startup Can Go It Alone

Nikola HQ Nikola headquarters in Phoenix. (Ash Ponders/Bloomberg)

Nikola Corp. CEO Mark Russell sees a path ahead for his company even if the embattled electric-truck startup is unable to come to terms with General Motors Co. on a proposed strategic partnership.

Ed Ludlow | Bloomberg News
October 16, 2020
Business, Technology, Fuel

GM Considers Boosting Stake in Nikola in Reworked Deal

Signage is displayed outside Nikola's headquarters in Phoenix on Sept. 15. Signage is displayed outside Nikola's headquarters in Phoenix on Sept. 15. (Ash Ponders/Bloomberg News)

General Motors Co. is considering revisions to its deal with embattled Nikola Corp., according to people familiar with the discussions, and may seek a higher stake in the startup now that its valuation has fallen after allegations of deception.

David Welch | Bloomberg News
October 2, 2020
Business, Technology, Fuel

Nikola Postpones Forum Where Electric Pickup Was to Debut

A promotional photo for the Nikola Badger electric pickup truck. A promotional photo for the Nikola Badger electric pickup truck. (Nikola Motor Co.)

Nikola Corp. is rescheduling its in-person Nikola World conference, where it was planning to show its electric pickup truck, as the company regroups in the wake of a stock sell-off and the departure of its chairman.

Ed Ludlow | Bloomberg News
September 30, 2020
Business, Technology, Fuel

Nikola Pushes Back on Skeptics by Showcasing In-House Technology

A Nikola Two prototype. (Nikola Motor Co.)

Nikola Corp. wants to put allegations of deception behind it with a push to showcase its own innovations and detail how it plans to get its clean-powered trucks to market.

Ed Ludlow and David Welch | Bloomberg News
September 29, 2020
Business, Technology, Fuel

Nikola Gets First Sell Rating

Nikola One electric truck The Nikola One prototype. (Nikola Corp.)

Nikola Corp. got its first sell-equivalent rating, with the electric-vehicle startup downgraded to underperform from neutral at Wedbush, citing the loss of a driving force in founder Trevor Milton’s departure, and the threat posed to hydrogen fuel’s appeal by Tesla Inc.’s “eye-popping battery innovations.”

Kit Rees | Bloomberg News
September 24, 2020
Business, Technology, Fuel

Steve Girsky Rises From Matchmaker to Chairman at Nikola

Steve Girsky, pictured here in 2013, will assume the role of Nikola's executive chairman. Steve Girsky, pictured here in 2013, will assume the role of Nikola's chairman of the board. (Jock Fistick/Bloomberg News)

With Trevor Milton having stepped down as executive chairman of Nikola Motor Co. Sept. 21, the spotlight now falls to new chairman of the board Steve Girsky.

David Welch and Ed Ludlow | Bloomberg News
September 21, 2020
Government, Business, Technology, Equipment, Fuel, Breaking News

Nikola Executive Chairman Trevor Milton Steps Down

Trevor Milton owns 35% of the company, according to regulatory filings. (Nikola Motor Co.)

Trevor Milton has voluntarily stepped aside as executive chairman and board member of Nikola Corp., the electric truck company he created, it was announced Sept. 21.

Dan Ronan | Associate News Editor
September 21, 2020
Business, Technology, Equipment

Nikola Photo Gallery

Business, Technology, Fuel, Top 50, Top 100

Nikola Issues Fuller Denial of Short Seller Hindenburg’s Claims

Nikola One electric truck Hindenburg said the Nikola One lacked key components. Nikola said it was a proof of concept. (Nikola Motor Co.)

Nikola Corp. made a fuller-throated denial of a report last week that claimed the electric-truck maker had deceived investors, accusing a short seller of mischaracterizations and distortions.

Ed Ludlow | Bloomberg News
September 14, 2020
Business, Technology, Fuel

Nikola Slumps After Denial of Short Seller Report

Nikola Founder Trevor Milton said he would give away shares to 50 employees. Nikola founder and Executive Chairman Trevor Milton is seen here in a screenshot from TT's Newsmakers series. (Transport Topics)

Just days after announcing a $2 billion agreement with General Motors, Nikola Corp. is fighting back against a “short seller” accusing the startup of deception and lying about its electric technology.

Dan Ronan | Associate News Editor
September 11, 2020

Pages