Nikola Corporation shared its Q1 results for 2022 and things are looking up. In addition to a small but noteworthy gross profit, the previously ill-famed commercial EV manufacturer began delivering some BEVs and has purchase orders (POs) or letters of intent (LOIs) for hundreds more. Nikola also continues to make strides in expanding its Arizona manufacturing facility.
Nikola Motors Stories May 5
Nikola Motors Stories March 14
ZEV manufacturer, Nikola Corporation, shared plans to ask its shareholders for approval to dilute their current holdings in order to add 200 million new shares, which would raise about $1.5 billion based off its closing price on Friday. The startup plans to use the funds to scale production of its Tre BEV trucks and finish building its US manufacturing facility in Coolidge, Arizona.
Nikola Motors Stories February 8
Nikola Motors (NKLA) has lost almost its entire supply chain leadership over the last few months as the situation at the company is starting to look dire.
Sources familiar with the matter say that the company put a hiring freeze in place for now.
Nikola Motors Stories January 18
EV technology company Proterra continues to expand its rolodex of commercial EV customers, as Nikola Corporation has recently joined the fold. As part of a new multi-year supply agreement, Proterra will provide its proprietary battery technology to power Nikola’s Tre BEVs and FCEVs.
Nikola Motors Stories January 13
American Zero-emission vehicle manufacturer Nikola Motors recently shared news that its Tre BEV semi truck has received eligibility from the California Air Resources Board (CARB) to be classified as a Zero-Emission Vehicle (ZEV) in the state, thus qualifying for an incentive of $120,000 per truck.
Nikola Motors Stories January 5
Nikola has officially given up on its $2 billion patent trolling lawsuit against Tesla over the design of the Tesla Semi electric truck.
Nikola Motors Stories December 21, 2021
Nikola Motors Stories October 19, 2021
Nikola managed to barely hold on to its $2 billion lawsuit against Tesla over the design of its electric truck. The company’s stock went up 5% on the news as Nikola’s prospects are more and more limited following several controversies.
Nikola Motors Stories October 1, 2021
Nikola appears to finally be letting go of its ridiculous $2 billion lawsuit against Tesla. Nikola had claimed that Tesla stole the design for the Tesla Semi.
Nikola Motors Stories September 16, 2021
Nikola Motor has signed a Memorandum of Understanding (MoU) with the Hamburg Port Authority (HPA) alongside commercial vehicle brand IVECO. The news came during the inauguration of Nikola’s joint venture manufacturing facility in Germany with IVECO. With the MoU, both parties shared intentions to collaborate on the testing and implementation of up to 25 Nikola Tre BEVs in 2022.
Nikola Motors Stories July 29, 2021
Trevor Milton, the founder and former CEO of Nikola, a company working on electric and fuel cell trucks, was indicted today by a grand jury on three counts of criminal fraud over false claims he made about the company.
Nikola Motors Stories December 23, 2020
Nikola (NKLA) announced that the company and a partner have canceled a deal to make electric garbage trucks, and the reason they gave is basically that it is too hard.
Nikola Motors Stories September 24, 2020
In a surprising turn of events, Tesla (TSLA) now claims Nikola (NKLA) stole its truck design from Rimac’s designer in an update to its patent lawsuit update.
Nikola Motors Stories September 21, 2020
Nikola (NKLA) founder and executive chairman Trevor Milton is out of the company after his deception has been exposed and the company is starting to feel the pressure from all sides.
Nikola Motors Stories September 14, 2020
Nikola Motors (NKLA) has issued a somewhat weak response to the allegations made in a recent report, and even admitted to faking the video of their electric hydrogen truck driving on the road.
Nikola Motors Stories September 11, 2020
Nikola Motors Stories September 8, 2020
Nikola Motor (NKLA) announced a partnership with GM that will result in the latter engineering and manufacturing its upcoming Badger electric/hydrogen pickup truck, and maybe eventually its other vehicles.
Nikola Motors Stories June 29, 2020
Nikola Motors, the defacto Tesla Motors copycat with a hydrogen twist, announced that they started taking $5,000 deposits for a pickup truck that only exists in renders and that they only plan to make due to Tesla Cybertruck. expand full story
Nikola Motors Stories April 22, 2020
Nikola Motors’ lawsuit over the Tesla Semi design lawsuit is moving forward after their design patents have been upheld despite looking quite weak. expand full story
Nikola Motors Stories February 10, 2020
Nikola Motors, better known for its electric fuel-cell semi-trucks, is today unveiling a concept for a new electric pickup with a battery/fuel-cell hybrid powertrain enabling 600 miles of range, 0-60 mph acceleration in 2.9 seconds, and more. expand full story
Nikola Motors Stories November 19, 2019
Nikola Motor, better known for its hydrogen fuel cell semi trucks, is claiming a major battery breakthrough with much higher energy density, but you should take the claim with a major grain of salt. expand full story
Nikola Motors Stories February 8, 2019
Nikola Motors, an electric and hydrogen truck startup, is announcing new all-electric versions of their semi trucks in order to compete with Tesla Semi. expand full story
Nikola Motors Stories September 13, 2018
Nikola Motors Stories August 9, 2018
Nikola Motors, a Utah-based startup developing electric vehicles and hydrogen fuel cell trucks, announced that it secured $100 million as part of a $200 million series C round of funding that it is planning to close this month.
The money will be used to bring its electric vehicles and hydrogen trucks to market. expand full story
Nikola Motors Stories May 2, 2018
Nikola Motors, a Utah-based company working on a battery-hydrogen semi truck and other electric vehicles, filed a lawsuit against Tesla claiming that they copied the design of their truck for the Tesla Semi.
The company is seeking as much as $2 billion from Tesla in what appears to be a clear case of patent trolling. expand full story