Nikola Corp. founder Trevor Milton outside federal court after being sentenced to four years in prison. (Photo: Matthew Lee/Inner City Press)
Federal prosecutors want to see Nikola founder Trevor Milton imprisoned for 11 years as punishment for lying to investors.
Nikola is offering 133.3 million new shares at 75 cents each and issuing $175 million in new debt to scale its fuel cell truck business.
The executive churn at beleaguered Nikola Corp. continued with the resignation of CFO Stasy Pasterick after just six months.
Burdened by recall expenses for its battery-electric trucks, Nikola is counting on California’s incentive largesse to make a go of fuel cells.
Nikola’s recall cost burden and lack of production lead to a dismal Q3 earnings report but the company sees light ahead.
Nikola Corp. has won $165 million in arbitration from convicted founder Trevor Milton, but it wants to recover attorney fees, too.
Proterra Inc. has extended the bankruptcy auction dates for its three electrification business units while it continues in business.
Hyzon Motors agreed to pay a $25 million fine to settle a Securities and Exchange Commission fraud case.
Nikola Corp. founder Trevor Milton lost a bid for a new trial on a claim of juror bias.
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Veteran business leader Steve Girsky acknowledges challenges but points to Q4 as the culmination of fuel cell truck startup Nikola’s efforts.
Workhorse Group claims business progress, but it needs approval for new shares to raise capital to make electric trucks and drones.
Asset sales in Q2 helped Nikola add cash to its balance sheet, but losses widened as ramp-up of fuel cell trucks consumed cash.
Steve Girsky, the man responsible for bringing Nikola public three years ago, is taking over as CEO — the third chief executive in a year.
Years before it ever built a fuel cell truck, Nikola claimed it had 14,000 reservations. But 202 orders is a good sign nonetheless.
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Nikola won’t need any more shareholders to vote for a share count increase because a Delaware rule change lowers the threshold.
Daimler Truck forecasts a sunny outlook for its business, especially in North America and Europe.
Less than a year after purchasing Romeo Power to secure its battery supply, Nikola is liquidating the subsidiary.
