Hedge funds and retail investors led the takeoff in transportation SPACs that are barely staying aloft. Guess who gets the better end of that deal?
Nikola’s founder sells another large chunk of his holdings in the electric truck startup that wants him to reimburse an expected $125 million SEC fine.
The Nikola founder fails in the bid to get his fraud trial moved out of New York to Arizona or Utah, where his wife is ill.
Inactivity could lead a federal court to dismiss Nikola’s patent infringement lawsuit against Tesla. A lot has changed on both sides.
Second $300 million deal with Tumim Stone Capital will cover Nikola’s cash needs as it ramps up electric truck production.
Short seller Fuzzy Panda dumps dirt on Workhorse, including confirming an SEC probe of the troubled electric delivery van maker.
Just as his former company distances itself from him, indicted Nikola Corp. founder Trevor Milton continues to reduce his stake.
Nikola founder makes biggest divestiture to date, selling 7 million shares over three days and transferring 600,000 shares to his spouse.
We asked FreightWaves experts to provide their HFOs (Hot Freight Opinions) on the developments with Milton and the potential impact on Nikola.
Confident that the indictment of founder Trevor Milton won’t lead to legal trouble, Nikola focuses on supply challenges.
Truck Talk is a weekly newsletter offering perspective and context on the trucking industry.
Zach Strickland and Anthony Smith break down the top news of the day on this episode of Freightonomics.
‘Today’s government actions are against Mr. Milton individually, and not against the company,’ Nikola said in a statement.
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.
There continue to be concerns about when these new orders will be prepared, as many truck manufacturers continue to deal with semiconductor shortages.
Nikola founder and former Executive Chairman Trevor Milton pockets $49 million in sale of electric truck maker’s shares.
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.
Dooner and Michael Vincent count down their favorite WHAT THE TRUCK?!? episodes of 2020 and get stoked for 3 days of WTT?!? in 2021.
