Nikola’s Trevor Milton Has $7.4 Billion Fortune on Free Truck Orders
The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry.
June 12, 2020Nikola Gets Valued at $34 Billion Before Gain Is Wiped Out
Tesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they were before the company went bankrupt. But no stock in the automotive sector is a better indication of equity-market exuberance than Nikola Corp.
Nikola Stock Surges 104% on Third Day of Trading
Shares of Nikola Motor Co. surged 104% to a record in its third day of trading on the Nasdaq after a merger with VectoIQ Acquisition Corp.
Nikola Goes Public; Class 8 Battery-Electric Vehicle Due in 2021
VectoIQ Acquisition Corp.’s stockholders on June 2 voted in favor of the previously announced business combination with Nikola Corp., a startup manufacturer of zero-emission heavy-duty trucks.
Nikola Plans Merger With Publicly Traded VectoIQ Acquisition Corp.
Nikola Corp. announced plans to merge with VectoIQ Acquisition Corp., a publicly traded special-purpose acquisition company, to speed up Nikola’s production of zero-emissions commercial vehicles.
Nikola’s Badger Pickup Truck Touts 600-Mile Range
Nikola Corp. announced a plan to build an electric pickup truck called the Nikola Badger with a maximum range of 600 miles at a yet-unnamed truck maker’s manufacturing facilities and with the other truck maker’s certified parts.
Battery-Electric Nikola Tre to Be Made at Iveco Plant in Germany
Nikola Corp. and joint venture partners Iveco and FPT Industrial announced they will manufacture the battery-electric Nikola Tre model at Iveco’s plant in Ulm, Germany, beginning in 2021, after the facility undergoes a $43.9 million upgrade.
February 7, 2020Nikola Battery-Electric Truck Slated for Europe in 2021
Nikola Corp., Iveco and FPT Industrial announced they have begun development of their joint venture’s first truck: the battery-electric Nikola TRE.
Anheuser-Busch, Nikola, BYD Complete First Zero-Emission Beer Run
Anheuser-Busch announced it completed on Nov. 21 its first zero-emission beer delivery in the company’s hometown of St. Louis using only zero-emission trucks from Nikola Motor Co. and BYD Motors.
Nikola Announces Battery Technology Available to All
Nikola Corp. announced it has battery technology that would double the range of its heavy-duty trucks that are either fully electric or use a hydrogen fuel cell.