Nikola’s CEO, Mark Russell, is leaving the company and will be replaced by an insider, Michael Lohscheller. The company announced it had started production of its Tre truck in March. Russell will leave by Jan 1st […]
TC Energy is looking into the possibility of constructing a hydrogen production hub near a natural gas storage facility in southern Alberta. If the project moves ahead, one of their main customers will be Nikola. […]
Nikola announced it had started production on its first battery-powered semi-truck, the Tre. According to the company, production started on Monday at their Coolidge, Arizona factory. The company will begin delivering the trucks in the […]
After a year of turmoil, Nikola Corporation announced on Tuesday Michael Lohscheller as the new President of Nikola Motors. Lohscheller is an accomplished automotive executive with experience with some of the largest automotive brands in […]
Nikola Motor Corp. has expanded their electric vehicle (EV) battery supply chain. The electric truck maker announced a new long-term deal with Proterra for a supply of batteries for its TRE semi trucks. According to […]
After recently settling with the US Securities and Exchange Commission (SEC) and agreeing to pay $125 million over federal security law violations, Nikola Corp. has dropped its $2 billion patent infringement lawsuit against Tesla. According […]
On Tuesday, Nikola settled with the US Securities and Exchange Commission (SEC) over federal security law violations. The company will pay a penalty of $125 million. The SEC noted that Nikola violated the federal securities […]
While Nikola Corporation founder Trevor Milton continues to battle it out in court over charges of misleading investors, the company reached a major milestone this week. The company delivered its first two Tre battery-electric semi […]
Founder of Nikola Corp, Trevor Milton, is hoping a federal judge will throw out two of three indictments accusing him of misleading investors. Milton filed multiple motions to dismiss charges on Wednesday, noting issues about […]
Even though he was forced to resign earlier this year, Trevor Milton was able to retain his shares in the company he founded, Nikola Corp. It turns out that was a good deal. Milton has […]
