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Nikola (NKLA) to wean down spending, cut staff to optimize zero-emission truck production

Nikola business

Following a hint that this was coming during its Q1 2023 earnings report, Nikola Corporation shared a business update that includes plans for decreased cash usage and a “reorganizing” of its workforce. The EV startup is prioritizing the North American market as it looks to lean down and optimize to ensure the continued production of its zero-emissions trucks.

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Nikola (NKLA) Q4 2022 results: Deliveries and revenues stumble, but plenty in the works for 2023

Nikola Q4 2022

Nikola Corporation shared its Q4 and full year results for 2022 earlier this morning, and although some of its numbers saw significant drops compared to Q3, the American BEV and FCEV automaker has a lot of accolades on its report card and even bigger plans for this coming year. See the full results below.

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Nikola (NKLA) partners with ChargePoint and will sell entire portfolio of charging solutions to fleets

EV automaker Nikola Corporation has announced a new partnership with EV charging network ChargePoint Holdings Inc to expand charging infrastructure for EV fleets across the United States. Through the partnership, Nikola will gain access to ChargePoint’s entire lineup of charging solutions, including management software, and resell those products to its fleet customers.

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Nikola Q3 2022 results: 63 Tre BEVs delivered, $24M in revenue, $100M in gross proceeds

Nikola Q3 2022

Nikola Corporation continues to show growth as an EV startup still recovering from the wrongdoings of its defamed founder, reporting increases Tre BEV deliveries and revenue according to its Q3 2022 report. With expansions to its current US manufacturing facility and additional footprints on the way, Nikola continues to distance itself from its turbulent past.

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Nikola founder Trevor Milton found guilty over previous fraudulent statements to pump company stock

Trevor Milton

Former CEO and founder of Nikola Motors Trevor Milton has been found guilty on three of four counts of fraud in federal court today. Milton was charged with two counts of securities fraud and two counts of wire fraud, pertaining to statements he made while he was acting chairman and CEO of Nikola.

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Nikola Tre BEV approved for NY incentive voucher offering savings up to $185k per truck

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As a zero-emissions vehicle (ZEV), Nikola Corporation’s Tre BEV truck has qualified for yet another state incentive program for fleet customers. The American automaker announced that the battery electric Nikola Tre is eligible for the New York Truck Voucher Incentive Program (NYTVIP). Under the statewide program, the Nikola Tre BEV can now qualify for an incentive up to $185,000… per truck.

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Nikola Q1 2022 results: 11 Tre BEVs delivered, potential orders to sell out the rest of the year

Nikola Q2 2022 earnings

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.

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Nikola asks shareholder approval to add 200M common shares to scale Tre production and finish building Arizona plant

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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.

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Proterra announces long-term supply agreement to provide battery tech to Nikola Tre trucks

Proterra Nikola

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.

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