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Business, Technology, Fuel

Nikola’s Trevor Milton Has $7.4 Billion Fortune on Free Truck Orders

The Nikola Two hydrogen-powered Class 8 tractor. The Nikola Two hydrogen-powered Class 8 tractor. (Nikola)

The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry.

June 12, 2020
Business, Technology, Safety, Autonomous

Kodiak Offers First Inside Look at Safety Assessment

Kodiak founders Don Burnette and Paz Eshel Kodiak Robotics co-founders Don Burnette (left) and Paz Eshel. (Business Wire)

Kodiak Robotics Inc. recently made its 350th commercial delivery and detailed how it is approaching the challenge of providing its longhaul trucks with self-driving technology.

Roger Gilroy | Senior Reporter
June 11, 2020
Government, Business, Technology, Logistics, Autonomous

Satellite Firm Develops Long-Distance System for Delivery Drones

Man flies a drone. (Chip Chipman/Bloomberg News)

Inmarsat Group Holdings Ltd. says it has found a way to safely fly civil drones over long distances, a step that may help pave the way for mass adoption by industries from transportation to energy and infrastructure.

Thomas Seal | Bloomberg News
June 11, 2020
Government, Business, Technology, Fuel

German Government Agrees on National Hydrogen Strategy

A nozzle valve is attached to the dispenser of a hydrogen filling station in Dresden, Germany, on June 8. A nozzle valve is attached to the dispenser of a hydrogen filling station in Dresden, Germany, on June 8. (Sebastian Kahnert/dpa via AP)

The German government agreed June 10 on a long-term strategy for increasing production and use of hydrogen as part of a plan to cut the country’s greenhouse gas emissions.

Frank Jordans | Associated Press
June 10, 2020
Business, Technology, Fuel, Autonomous

Tesla’s Elon Musk: ‘Time to Go All Out’ on Semi Production

The Tesla assembly plant stands in Fremont, Calif., on May 11. The Tesla assembly plant stands in Fremont, Calif., on May 11. (David Paul Morris/Bloomberg News)

CEO Elon Musk sent an email to Tesla employees before the market opened June 10 declaring that it is “time to go all out” and put Tesla’s Semi into volume production.

June 10, 2020
Government, Business, Technology, Safety

Infrastructure Stakeholders Press Senators for Testing, PPE Priority

PPE sestovic/Getty Images

A coalition that includes freight stakeholders and myriad transportation interests is calling on senators to advance legislation that would prioritize testing for critical infrastructure workers amid the COVID-19 pandemic.

Eugene Mulero | Senior Reporter
June 9, 2020
Business, Technology, Fuel

CHBC Names Bill Zobel Executive Director

The California Hydrogen Business Council announced the appointment of Bill Zobel as its executive director.

June 9, 2020
Business, Technology, Fuel

Nikola Gets Valued at $34 Billion Before Gain Is Wiped Out

Signage is displayed outside the Nasdaq Market Site in the Times Square area of New York on May 12. Signage is displayed outside the Nasdaq Market Site in the Times Square area of New York on May 12. (Demetrius Freeman/Bloomberg News)

Tesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they were before the company went bankrupt. But no stock in the automotive sector is a better indication of equity-market exuberance than Nikola Corp.

Ed Ludlow and Craig Trudell | Bloomberg News
June 9, 2020
Government, Business, Technology

Tesla Hails Air-Quality Effects of Shutdowns Elon Musk Called ‘Fascist’

Pacific Coast Highway near Santa Monica, Calif. Vehicles drive in light traffic along the Pacific Coast Highway in Santa Monica, Calif., on March 19, 2020. (Patrick T. Fallon/Bloomberg News)

Tesla Inc. said the drop in pollution during coronavirus-related shutdowns could embolden governments that already have been making plans to eventually ban vehicles that run on fossil fuels.

Gabrielle Coppola | Bloomberg News
June 8, 2020
Business, Technology, Fuel

Nikola Stock Surges 104% on Third Day of Trading

Trevor Milton, chairman and founder of Nikola Motor Co. Trevor Milton, chairman and founder of Nikola. (Nikola Motor Co.)

Shares of Nikola Motor Co. surged 104% to a record in its third day of trading on the Nasdaq after a merger with VectoIQ Acquisition Corp.

June 8, 2020

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