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Nikola founder Trevor Milton sentenced to four years in prison
Trevor Milton, the disgraced founder of Nikola, was just sentenced to four years in prison on three counts of fraud. He was found guilty in 2022.
Nikola founder Trevor Milton convicted on three charges of fraud
Trevor Milton, the founder and former executive chairman of Nikola, has been found guilty on three counts of fraud for misleading the electric vehicle company’s investors about its business and technology.
Nikola plans to ramp up production of the Tre electric semi-truck in March
The embattled company is 'laser-focused on delivering vehicles and generating revenue.'
Nikola Motors drops its $2 billion lawsuit against Tesla
Nikola Corp. is reportedly dropping its $2 billion lawsuit against Tesla as company founder Trevor Milton faces a criminal indictment on fraud charges.
Nikola will pay $125 million to settle SEC fraud charges
Founder and former CEO Trevor Milton is still facing fraud charges.
Nikola signs deal to build hydrogen fueling stations across North America
EV automaker Nikola has signed a memorandum of understanding with a company called Opal Fuels to build and operate hydrogen fueling stations across North America.
Nikola founder Trevor Milton indicted on fraud charges
Milton allegedly lied about 'nearly all aspects' of the EV business.
GM has ditched plans to build Nikola's hybrid fuel-cell pickup
Under a restructured deal, GM will no longer take a stake in the EV startup either.
Nikola founder resigns following SEC probe into electric truck business
Following a fraud accusation by a short firm and potential probe by the US Securities Exchange Commission (SEC), Nikola founder Trevor Milton is stepping down as executive chairman.
The SEC is reportedly looking into Nikola's electric truck promises
A short selling firm accused electric big rig startup Nikola of being an "intricate fraud" and now the SEC is reportedly investigating.
Nikola's new zero-emissions vehicles include a jet ski and a dune buggy
Nikola isn't messing around when it comes to its vision of a zero-emission future -- at this year's Nikola World event in Arizona the company unveiled no less than five clean vehicles, including the much-anticipated fully electric semi-trucks, Nikola Two and Nikola Tre.
Nikola will unveil electric versions of two semi-trucks in April
Nikola seems to have cracked the nut on how to build fully electric semi-trucks. It revealed its Nikola Two and Nikola Tre will be available in electric configurations as well as hydrogen. Nikola does plan to keep working on hydrogen trucks, so it's not fully switching to electric any time soon. It says hydrogen's cheaper for long-haul drives, and the startup expects to see 50 times as many orders for hybrids as its electric semi-trucks. However, it claims EVs are particularly useful for "inner cities and non-weight sensitive applications."
Anheuser-Busch will haul beer in Nikola hydrogen-electric trucks
The rivalry between Nikola and Tesla is only getting hotter... figuratively speaking. Mere months after ordering 40 Tesla Semis, Anheuser-Busch has ordered "up to" 800 of Nikola's hydrogen-electric semi-trucks to introduce them into its beer-carrying fleet starting in 2020. The deal should help Anheuser-Busch convert its entire long-haul roster to renewable-based trucks by 2025 and will be equivalent to taking over 13,000 cars off the road. As to why it's not just relying on Tesla? One word: range.
Nikola unveils its hydrogen-powered semi-truck
It's not just passenger vehicles that are moving away from gasoline, big rigs are also saying goodbye to fossil fuels. In Salt Lake City today the hydrogen-powered Nikola One long haul truck was unveiled. According to the truck maker, the semi will be in production and ready to transport goods in 2020.
