Nikola

Business, Technology, Equipment, Fuel

Nikola Loses Electric Truck Order From Republic Services

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

Nikola Corp. lost an order to supply sanitation heavyweight Republic Services Inc. with 2,500 battery-electric garbage trucks, the latest setback for the troubled startup.

Roger Gilroy | Senior Reporter
December 23, 2020
Business, Technology

Trevor Milton Plans to Remain Top Nikola Owner Post-Lockup Expiration

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

Trevor Milton said he remains committed to his Nikola Corp. holding and doesn’t plan to relinquish his position as its largest shareholder even though a restriction has been lifted, addressing speculation that he could divest of his stake in the company he founded and resigned from.

David Welch | Bloomberg News
December 8, 2020
Business, Technology

Nikola CEO Mark Russell Forges New Path

The Nikola Two. (Nikola Motor Co.) The Nikola Two. (Nikola Motor Co.)

Since taking the wheel at Nikola Corp. in September, Mark Russell has been adamant the electric-truck startup doesn’t need a deal with General Motors Co. to survive. Now he has to prove it.

Ed Ludlow and David Welch | Bloomberg News
December 1, 2020
Business, Technology, Fuel

Nikola, GM Sign New Scaled-Back MOU

Nikola Tre Nikola Tre by Nikola Motor Co.

Nikola Corp. and General Motors Co. announced a new nonbinding memorandum of understanding for a global supply agreement that would integrate GM’s Hydrotec fuel cell system for Nikola’s Classes 7-8 vehicles.

Roger Gilroy | Senior Reporter
November 30, 2020
Business, Technology

Nikola’s Losses Widen in Third Quarter

Nikola Badger The Nikola Badger. (Nikola Corp.)

Zero-emission truck developer Nikola Corp. saw losses grow as it spent heavily on research and development and legal fees during the third quarter.

Jerry Hirsch | Contributing Writer
November 10, 2020
Business, Technology, Fuel

GM ‘Going Forward’ With Nikola Partnership Talks on Trucks

Signage is displayed out the Nikola headquarters in Phoenix, Ariz. Signage is displayed out the Nikola headquarters in Phoenix, Ariz. (Ash Ponders/Bloomberg News)

General Motors Co. is moving ahead in its talks with startup Nikola Corp. over a proposed partnership to make electric and fuel cell powered trucks, a senior executive at the Detroit automaker said.

Ed Ludlow | Bloomberg News
October 21, 2020
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

Pages