Nikola Files for Bankruptcy After Years of Struggles and Scandal
Nikola Corp., once a so-called rising star in the electric vehicle (EV) world that media said was going to disrupt Tesla, has filed for bankruptcy protection after failing…
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Nikola Founder Trevor Milton Convicted of Fraud, Faces Up to 20 Years in Prison
Trevor Milton, the founder of electric truck automaker Nikola, has been convicted of fraud in federal court on Friday. Milton faced four counts of fraud that he falsified…
Lucid Motors, Nikola Seek Additional Funding to Ramp Up Production
Electric vehicle (EV) manufacturers Lucid Motors and Nikola are seeking additional funding to help ramp up production, amidst increasing battery costs and new federal requirements set to limit…
Nikola Purchases Battery Supplier Romeo Power for $144 Million
Electric truck manufacturer Nikola is looking to start making battery packs, as shown by its recent acquisition of a battery supplier. Nikola announced that it purchased battery supplier…
Nikola Agrees to Pay $125 Million SEC Fine; Delivers First Electric Semis
According to CNN Business, electric vehicle (EV) startup Nikola has agreed to pay a $125 million USD fine to settle charges brought by the U.S. Securities and Exchange Commission…
Nikola Founder Trevor Milton Being Charged With Securities Fraud
It’s nearly been a year now since Hindenburg Research called Nikola a fraud for a video of semi-truck driving which onlookers later found out was not an operational…
Nikola Stole Design for Truck Patent, Claims Tesla in Court
Nikola CEO Trevor Milton recently stepped down amid claims of fraud and deception. Now, Tesla has had its say, and it’s not dissimilar from what others have been…
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Nikola Founder Trevor Milton Resigns, ‘Will Be Cheering from Sidelines’ [Update]
Update: Nikola founder Trevor Milton has announced he has resigned, sharing a note on Twitter at 11:21pm on late Sunday evening: https://twitter.com/nikolatrevor/status/1307927801966866438 Some big news on Sunday night,…
Update on Nikola’s $600 Million Coolidge Factory
Drone footage recently published on YouTube by Oneshot Creative gives us a visual account of the construction progress made on Nikola Corporation’s $600 million production facility in Coolidge, Arizona.…
Hindenburg Calls Nikola Response ‘Tacit Admission’ of Fraud, Shares Fall
In the latest on Nikola Motor Company (NKLA) being called a fraud by Hindenburg Research, Hindenburg has offered its rebuttal to Nikola’s response, and it’s pretty close to…
Nikola Admits Promo Truck Used Third-Party Equipment
Last week, Hindenburg Research made scathing remarks about Nikola, calling them a fraud of a company. This week, Nikola has released its rebuttal. On Monday, Nikola Motors shared…
Hindenburg and Citron Research Call Nikola a Fraud, Shares Continue to Plummet
A scathing report has just been released, and it has the electric vehicle (EV) world in flames today. In a report Thursday, short-seller Hindenburg Research called Nikola a…
Nikola Teams with General Motors, Offers 11% Company Stake
Collaborative efforts are pushing the sustainable transportation market forward, and the newest collaboration is sure to accelerate the production of one company’s new cars. Nikola Motors (NKLA) has…
Nikola Earns Order for 2,500 Waste Trucks
As the electric vehicle (EV) market rapidly expands, its effects will be felt across industries. An unlikely need has arisen in the garbage industry, with the largest single…
The EV Bubble is Bursting Except For Tesla, Says Jim Cramer
After months of continuous, gradual growth for stocks across the electric vehicle industry, CNBC’s Jim Cramer believes the growth is about to end for most. The EV “bubble,”…