Nikola News Updates

Business, Technology, Fuel, Autonomous

Nikola Two Truck Will Run 900 Miles on Tank of Hydrogen, Company Says

Nikola Corp. announced updates on its zero-emission hydrogen fuel-cell electric commercial truck program as the company vied for attention beside other truck makers in an increasingly crowded space it helped create in 2016 with its introductory announcement.

February 23, 2021
Business, Technology, Equipment, Fuel, Autonomous

Nikola Backer Luxor Invests in European Electric Truck Startup

Nikola Corp. backer Luxor Capital Group LP is investing in European electric truck startup Volta Trucks AB to help the company scale its manufacturing and expand into North America and Asia.

January 27, 2021
Business, Technology, Equipment, Fuel

Nikola Loses Electric Truck Order From Republic Services

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.

December 23, 2020
Business, Technology

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

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.

December 8, 2020
Business, Technology

Nikola CEO Mark Russell Forges New Path

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.

December 1, 2020
Business, Technology, Fuel

Nikola, GM Sign New Scaled-Back MOU

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.

November 30, 2020
Business, Technology

Nikola’s Losses Widen in Third Quarter

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

November 10, 2020
Business, Technology, Fuel

GM ‘Going Forward’ With Nikola Partnership Talks on Trucks

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.

October 21, 2020
Business, Technology, Fuel

Nikola Shares Plunge After CEO Says Startup Can Go It Alone

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.

October 16, 2020
Business, Technology, Fuel

GM Considers Boosting Stake in Nikola in Reworked Deal

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.

October 2, 2020