Nikola has less need for partners for its hydrogen fueling stations now that it has a sweet price for electricity in Arizona.
Nikola is recasting its board of directors to make crisis management and business expertise available to management as the electric truck startup seeks to regain credibility lost after a stratospheric beginning as a public company.
Plug Power’s hydrogen solutions are expanding into Walmart e-commerce applications after proving effective in the company’s grocery and retail networks.
After three weeks of negative media following a short seller’s allegations of fraud, Nikola is fighting back. The startup electric truck maker showed a timeline of planned milestones to reel back fleeing investors and keep customers from canceling orders.
Nikola Corp.’s hunt for a partner to build hydrogen fueling stations for its electric trucks stalled because of a short seller report attacking founder Trevor Milton on the startup’s technology claims, the Wall Street Journal reported.
Nikola Executive Chairman Trevor Milton says buzz-building is part of the startup electric truck company’s growth strategy as its closes in on producing Class 8 trucks.
