Trevor Milton, founder and former executive chairman and CEO of Nikola Corp., was issued a full pardon by President Trump.
Nikola’s bankruptcy is a reality check for the push toward zero-emission freight. Once hailed as the Tesla of trucking, Nikola’s failure highlights the immense challenges of replacing diesel with electric and hydrogen-powered alternatives. While policymakers and environmental advocates push for green energy solutions, the trucking industry remains bound by the need for reliability, infrastructure, and economic viability. With limited charging and hydrogen refueling networks, high costs, and performance struggles, Nikola’s downfall reinforces a hard truth, diesel isn’t going anywhere anytime soon.
Reverse stock splits offer an immediate – if artificial – benefit to companies struggling with low stock prices. But they rarely work out long term.
The financial freezeout of startups by investors may be thawing as FOMU — the fear of messing up — begins to subside.
Nikola Corp. founder Trevor Milton is seeking probation instead of prison on his federal fraud convictions.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Here is the first issue of FreightWaves Truck Talk, a weekly newsletter adding perspective, context and commentary to industry news and trends.
In today’s edition of The Daily Dash Rand McNally’s ELD are finally back online, plus GM and Nikola alter their tentative agreement and J.B. Hunt acquires a final mile provider.
In today’s edition of The Daily Dash, General Motors and Nikola Corp. strike a deal for fuel cells; diesel engines are a big winner from the fallout of the Volkswagen diesel emissions scandal; and trucking’s exemption from AB5 could be at risk.
Nikola Corp. founder and Executive Ehairman Trevor Milton says he is justified in threatening on Twitter to sue a reporter he accuses of lying about the startup electric truck maker to drive down its high-flying stock price.
Daimler Trucks and Volvo Group, two truck makers lukewarm on hydrogen fuel cells, hedge their bets to leverage Daimler’s Mercedes-Benz fuel cell efforts for heavy-duty trucks.
