Nikola goes private to raise up to $300M in new money
Nikola Corp. agreed to sell Tumim Stone Capital up to $300 million in new shares over the next three years.
Nikola Corp. agreed to sell Tumim Stone Capital up to $300 million in new shares over the next three years.
Lordstown Motors Corp.’s top two executives are out following an internal investigation into allegations of phony preorders for electric pickup trucks.
Jerome Guillen, the head of the Tesia Semi Class 8 electric truck program, has left the electric vehicle maker without explanation.
Nikola founder makes bank for early employees to whom he gave 6 million low-priced stock options.
Nikola’s top five executives are taking $1-a-year salaries with huge stock payouts ahead if they restore lost share value.
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Nikola exposes battery-electric Class 8 Tre to 25 fleet customers and gets first firm order for delivery late this year.
Nikola was early to the SPAC party. Now it is among the first to take a paper loss on stock warrants by following stricter SEC guidelines.
After a delay in getting hydrogen infrastructure partners, Nikola cuts its second deal in a week, this one withTravelCenters of America.
As hydrogen grows as a fuel source for long-haul trucking, Nikola Motor Corp. is finding ways to bring down the cost of manufacturing the fuel.
Hyliion Holdings stock is getting hammered along with most electric vehicle startups, but CEO Thomas Healy is staying optimistic.
IKEA Canada and its last-mile delivery partner Second Closet will purchase all-electric trucks from Lion Electric to be used for home deliveries.
A transmission pipeline will take hydrogen where Nikola needs it for fuel cell trucks it plans to build in Germany with IVECO.
An understanding between European truck maker IVECO and self-driving software maker Plus includes liquified natural gas but not electric trucks.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
SPAC-backed stocks are getting hammered, but Hyliion soldiers on in preparing the negative net-zero carbon Hypertruck ERX.
Nikola founder and former Executive Chairman Trevor Milton pockets $49 million in sale of electric truck maker’s shares.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
South Korean’s Hanwha Group plans to cut 50% of its holdings in Nikola as the electric truck startup seeks to sell $100 million in new shares.
Short seller Hindenburg Research alleges fictitious orders and other fraudulent at electric pickup truck startup Lordstown Motors.