Nikola News Updates

Government, Business, Technology, Equipment, Fuel

Tesla, Nikola Race for Up to $40,000 Incentives

The Inflation Reduction Act would give up to $40,000 tax credits per heavy-truck purchase, suggesting that competition to get the Tesla Semi to compete with Nikola will heat up.

August 12, 2022
Business, Technology, Equipment, Fuel, Breaking News

Nikola CEO Mark Russell to Retire Jan. 1

Truck manufacturer Nikola Corp. has announced a leadership change that places a 20-year automotive industry veteran at its helm.

August 10, 2022
Business, Technology, Equipment

Nikola Reports $18.1 Million Revenue

Nikola Corp. reported its first meaningful revenue and said it’s on track to deliver as many as 500 electric big rigs to customers this year.

August 5, 2022
Business, Technology, Fuel

Nikola Overcomes Founder’s Opposition to Approve New Shares

Nikola Corp. shareholders approved a measure to issue new shares to potentially raise capital, a move that founder and former chair Trevor Milton had opposed.

August 3, 2022
Business, Technology, Fuel

Nikola Buys Battery Maker Romeo Power

Nikola Corp. has agreed to acquire energy-storage technology company Romeo Power for about $144 million, the Phoenix-based electric vehicle maker announced Aug. 1.

August 2, 2022
Government, Business, Technology, Equipment, Fuel

Arizona Congressman Joins Nikola for EV Showcase at Capitol

WASHINGTON — Rep. Greg Stanton (D-Ariz.) joined Phoenix-based truck manufacturer Nikola Corp. to showcase two electric trucks near the U.S. Capitol Building.

July 13, 2022
Government, Business, Fuel

Trevor Milton Indicted on New Fraud Charge

Nikola Corp. founder Trevor Milton, who is scheduled to go on trial next month on charges he misled investors about the company’s business prospects, was indicted for allegedly defrauding the previous owner of his Utah ranch, which Milton used as collateral for his bail.

June 22, 2022
Business, Technology, Fuel

Nikola Asks Shareholders to Approve Big Jump in Outstanding Shares

Truck maker Nikola Corp. is hoping to gain shareholder approval at its annual meeting for the company’s proposal to increase the number of shares outstanding and thus raise more money by selling equity.

June 22, 2022
Government, Business, Technology, Fuel

Nikola Approved for Truck Voucher Incentive Program in New York

Truck maker Nikola Corp. announced that its Class 8 Nikola Tre battery-electric vehicle is eligible for the New York Truck Voucher Incentive Program.

June 9, 2022
Business, Technology, Equipment, Fuel

Nikola Reports Surprise Q1 Revenue

Electric truck startup Nikola said in its first-quarter earnings report on May 5 that it delivered its first semi-trucks to customers in April.

May 5, 2022