Jump to content

Nikola Corporation

From Wikipedia, the free encyclopedia
(Redirected from Nikola Motor)
"Nikola One" and "Nikola Two" redirect here. For other uses, see Nikola I and Nikola II.

Nikola Corporation
FormerlyNikola Motor Company (2014–2020; now name of a subsidiary of Nikola Corporation)
Company typePublic
Nasdaq: NKLA
ISINUS6541101050
IndustryAutomotive
Founded2014; 10 years ago (2014)
Salt Lake City, Utah, U.S.
FounderTrevor Milton
Headquarters
Phoenix, Arizona
,
U.S.
Key people
Steve Shindler, Chairman
Steve Girsky (CEO)
Products
  • Nikola Two
  • Nikola Tre
  • Nikola One
  • Nikola Badger
  • Nikola NZT
  • Nikola Reckless
  • Nikola WAV
RevenueIncrease US$50.8 million (2022)
Decrease −US$749 million (2022)
Decrease −US$784 million (2022)
Total assetsIncrease US$1.24 billion (2022)
Total equityDecrease US$526 million (2022)
OwnerTrevor Milton (20%)
Number of employees
970 (July, 2023)
Subsidiaries
  • Nikola Motor Company
  • Nikola Energy Company
Websitenikolamotor.com
Footnotes / references
[1]

Nikola Corporation (formerly known as Nikola Motor Company) is an American manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions.[2] It presented several concept vehicles from 2016 to 2020, the first of which was a natural gas fueled turbine-electric semi truck.[3] The company went public on June 4, 2020.[4] In February 2022, the company projected deliveries of between 300 and 500 of its first battery-electric semitrucks — known as the Nikola Tre — to customers.[5] The company delivered its first two battery-electric trucks in December 2021.[6] Like Tesla, Inc., the company is named in honor of Nikola Tesla, but these are not related to the inventor.[7] Nikola Corporation is based in Phoenix, Arizona.[8]

In September 2020, the Securities and Exchange Commission and the Department of Justice launched investigations into securities fraud allegations.[9][10][11] In July 2021, a United States federal grand jury indicted Nikola founder and former CEO Trevor Milton, but did not indict the company. The indictment charged Milton with three counts of criminal fraud—for "lying about 'nearly all aspects of the business'"—and two counts of securities fraud. Publicly traded shares in Nikola dropped to around US$12[12] after falling from over $65 in mid-2020, when its market valuation had exceeded that of the Ford Motor Company.[13] In October 2022, Milton was found guilty in federal court of three of four counts of fraud against him, over statements he made while CEO of the company.[14]

History

[edit]

Founding (2014–2019)

[edit]

Nikola Corporation was founded by Trevor Milton[15] in 2014[16] in Salt Lake City, Utah.[17][18]

As of 2016, the first 5,000 Nikola One hydrogen-powered glider trucks (truck vehicle platforms without engines) were slated to be built by Fitzgerald Glider Kits in Tennessee.[16] In March 2019, Nikola acquired a 389-acre parcel of land in Coolidge, Arizona, for $23 million, with future state and local tax breaks. Nikola said in 2019 that they expected truck factory construction to start in 2020, truck construction in 2021, and the fabrication of 35–50,000 trucks per year by 2023.[19]

In February 2019, Mark Russell was hired as company president. Russell had most recently been president and CEO of Nikola Corporation's investor, Worthington Industries.[20]

In April 2019, Nikola held the Nikola World event in Scottsdale, Arizona. The two-day midweek event included a public demo day to show off the Nikola Two truck, the Nikola Tre truck, the Nikola NZT UTV, and the Nikola WAV watercraft.[21][22][23]

Going public (2020)

[edit]

In March 2020, Nikola Corporation announced its plans to merge with VectoIQ Acquisition Corporation (ticker VTIQ),[24][25] a publicly traded special-purpose acquisition company run by former General Motors (GM) vice-chairman and Stephen Girsky. This resulted in the combined company being listed on the NASDAQ exchange with the NKLA ticker symbol.[26] As part of the merger, founder and CEO Trevor Milton had his title changed from CEO to Executive Chairman and Nikola President Mark Russell became president and CEO.[27] Nikola's stock began trading on June 4, 2020, a day after the merger was completed. By June 9, the shares had more than doubled since they began trading, as investors continued to bet on the growth potential of electric transportation. At the end of June, Nikola started taking reservations for pickup truck, the Badger, even though a prototype had not been shown to the public.[28]

The company was valued at around $13 billion in early August 2020, compared to its revenue in the first six months of 2020 of $80,000 ($36,000 of which was attributed to installation of solar facilities for CEO Milton).[29]

On September 8, 2020, Nikola and GM announced a partnership, by which GM would acquire an 11% stake in Nikola (valued at approximately $2 billion at the time of the announcement). GM would also earn the right to nominate one member to Nikola's board. In return, GM agreed to use its manufacturing facilities to begin production of the Badger, as well as supply fuel cells and batteries to Nikola globally.[30] Nikola stock jumped by 50% after the announcement.[31]

Fraud allegations and guilty verdict (2020–2022)

[edit]
See also: Trevor Milton § Fraud allegations and trial

On September 10, 2020, short seller firm Hindenburg Research released a report[32] accusing Nikola of being "an intricate fraud" perpetrated largely by Milton. Further verification by Financial Times and Research Enquirer[33] confirmed the report's claim regarding a showcased Nikola One rolling down a gradual slope with no onboard propulsion and instead by using the force of gravity.[34] The stock fell by 10% that day while the stock of GM, which had made an agreement with Nikola days earlier, fell by 4%. By September 12, Nikola stock had fallen by 36%.[35][36]

Nikola called these claims "false and misleading" and threatened legal action against Hindenburg.[37] The US Attorney's Office for the Southern District of New York showed interest in the report.[38] Previously, Milton had alleged that those who were short-selling Nikola stocks are fans of rival company Tesla and are "anti-Nikola or paid attack accounts".[39] In response to the release of the Hindenburg report, Mary Barra, CEO of GM, said her company conducted appropriate diligence before its deal with Nikola.[40] Reports that became public on September 14 stated that the Securities and Exchange Commission had started a probe into the fraud allegations[9][10] and on September 15, the Department of Justice began an investigation into Nikola as well.[11]

On September 21, 2020, Executive Chairman, founder and former CEO Trevor Milton announced his resignation from Nikola, and Stephen Girsky became non-executive chairman of the board.[41][42] News of the allegations caused the share price of Nikola Corp to drop by 20%.[43][44] Following the resignation, Nikola then "issued copyright-takedown notices targeting critics on YouTube who [citing fair use] used clips of the promotional video in which a Nikola One semi-truck was seen rolling down a hill" without a working drivetrain.[45] The Drive called Nikola's action an "abuse of YouTube's copyright takedown system".[46]

On September 23, BP backed away from a potential partnership to develop hydrogen refueling stations for Nikola's EV Trucks; Nikola's stock price fell by more than 25% intraday after BP's statement.[47] The partnership was cited as a critical component in Nikola's business plan for its electric vehicle trucks powered by hydrogen fuel cells. Nikola had planned to announce the BP partnership days after the GM partnership.[48][49]

In November 2020, GM announced that the proposed deal to take an equity stake in Nikola would no longer occur. A revised deal was proposed, having GM provide Nikola with the promised fuel-cell technology, but leaving out the 11% stake in the company as well as no longer producing the Badger electric pickup truck for the company.[50] The Badger was subsequently cancelled.[51]

In December 2020, Republic Services stated that their previously announced partnership with Nikola would be terminated.[52] The two companies had agreed to jointly develop zero-emissions garbage trucks in August 2020, including the production of at least 2,500 to 5,000 trucks for the Republic Services fleet by the start of 2023. Nikola's shares fell 9.8% after the announcement was released. Analysts call the cancelled order a short-term setback, allowing the company to channel more focus towards the core of the business, being the production of semi-trucks designed for long-haul transport.[53]

In February 2021, the company publicly dropped their Powersports unit along with any plans they previously had to produce any of the powersports concept vehicles they had shown, including the Nikola WAV watersports vehicle.[54] Also in February, as part of YE2020 filings with the SEC, the company stated that they now intended to produce just 50-100 Nikola Tre vehicles in 4Q2021.[54] In June 2021, Nikola invested $50 million in a new hydrogen factory headed by Wabash Valley Resources to produce fuel for semi-truck fuel stations across the Midwest.[55] In July 2021, the company announced plans to add five new Class 8 truck dealers in Arizona, Texas, Colorado, California, New Mexico, Delaware, Florida, Maryland and Virginia.[56] In late July 2021, a United States federal grand jury returned an indictment against Trevor Milton that included three counts of criminal fraud, including "lying about 'nearly all aspects of the business'" and two counts of securities fraud.[12] Milton pleaded not guilty to the charges and was freed on $100 million bail, secured by two Utah properties.[57][58] Nikola's share price dropped further and traded at $12[12] after falling from near $65 in June 2020, when Nikola had a company valuation in excess of the Ford Motor Company.[13][59]

Following the indictment of Milton in July 2021, the company stated "We remain committed to our previously announced milestones and timelines and are focused on delivering Nikola Tre battery-electric trucks later this year (fewer than 100 Tre vehicles, per 1Q2021 SEC filings[54]) from the company's manufacturing facilities."[12] In October 2022, Milton was found guilty in federal court of three of four counts of fraud against him, over statements he made while CEO of the company.[14][60] On December 18, 2023, he was sentenced to four years in prison.[61]

2022–present

[edit]

In August 2022, Nikola announced that it would be acquiring the battery company Romeo Power.[62] On August 4, 2022, it was reported that Nikola had delivered 48 vehicles to dealers, and reported a revenue of $18.1 million.[63] In September 2022, all 93 of its Tre Class 8 battery-electric vehicles were recalled due to an issue with seat belt anchor assemblies.[64] Nikola published in October 2022 that they had completed the acquisition of Romeo and "look forward to executing on the opportunities ahead."[65]

In June 2023, a Nikola truck caught fire at its headquarters due to a coolant leak inside its battery pack. In August 2023, a second truck's battery pack malfunctioned, which led the company to announce a recall of all the battery-electric semitrucks it had made to that point (209 in total). It suspended sales of its battery-electric trucks until a repair would become available.[66] On September 4, 2023 a third truck caught fire at Arizona Lithium in Tempe, Arizona,[67] and on September 8, a fourth truck fire occurred near Nikola's headquarters in Phoenix.[68]

Nikola sold 112 hydrogen fuel cell trucks in the first half of 2024.[69] Nikola’s expansion of its own hydrogen mobility, HYLA, establishing 14 refueling solutions by year-end.[70]

Concept vehicles

[edit]

Nikola has publicly announced a number of vehicle design concepts since 2016 and unveiled a few concept vehicles that the company aims to develop for public sale.

Nikola One

[edit]

"Nikola One" redirects here. For other uses, see Nikola I (disambiguation).

In 2016, the company unveiled a high-level design for a natural gas fuelled Class 8 truck called the Nikola One, aimed then to be in production in 2020. The concept was changed in August 2016 to a hydrogen fuel-cell powered generator instead of a natural gas fuelled gas-turbine generator.[71] In 2016 Nikola claimed to have received $2.3 Billion in pre-sales,[3] to date[when?] no deliveries have been made.

In May 2018, Nikola Motor Company filed a lawsuit against Tesla, Inc. seeking $2 billion in damages alleging that the Tesla Semi infringed on six[72] patents that Nikola has been granted on the design of the Nikola One. Tesla responded that the lawsuit is without merit.[73] In September 2019, the Patent Trial and Appeal Board denied Tesla's request to invalidate Nikola's side-door patent.[74][72] Nikola’s suit prompted a countersuit by Tesla. As part of a settlement agreement, the two companies agreed to drop their suits against each other.[75]

In May 2018, Anheuser-Busch placed a provisional[clarification needed] purchase order for up to 800 leases of the hydrogen-powered truck versions, and Nikola claimed then that the trucks would start being delivered in 2020. By 2019, total pre-orders for truck leases encompassing all Nikola Class 8 truck models were claimed to be worth $14 billion.[76][77]

Nikola Two

[edit]

"Nikola Two" redirects here. For other uses, see Nikola II (disambiguation).

The Nikola Two is a semi-tractor truck concept designed to be technically identical to the Nikola One. Unlike the Nikola One, a prototype driving under its own power was demonstrated in 2019,[23][78] including when hauling a cargo of beer for a future customer.[79]

Nikola Tre

[edit]

This article is about the truck. For other uses, see Nikola III (disambiguation).

In November 2018, the company unveiled a Nikola Tre hydrogen-powered semi-truck concept aimed at the European market.[80] The hydrogen ICE Tre was also stated to be targeted for the Australian and Asian markets.[81] Nikola said the Tre concept was to have 500 to 1,000 horsepower (370 to 750 kW) and a range of 310 to 750 miles (500 to 1,200 km).[82] Former CEO Trevor Milton stated in 2018 that production was planned to begin at the same time as the US truck versions, which was then thought to be 2022–2023.[80]

In November 2019, the company unveiled a Nikola Tre electric truck concept (a rebadged version of the Iveco S-Way) that would also be aimed at the European market, just as the original hydrogen Tre had been.[83] In July 2021, the company restated that they intend to deliver the first production Nikola Tre battery electric trucks later in 2021.[12] The Tre was delivered to the Port of Los Angeles in December 2021. It has a 753 kWh battery pack, rechargeable from 10 to 80% in 120 minutes at 240 kW.[84] California qualified the Tre for its HVIP program in January 2022 at up to $120,000,[85] and New York at up to $185,000.[86]

The first customer delivery of the Nikola Tre was made in April 2022, with 11 vehicles being delivered.[87]

Nikola NZT (Nikola Zero)

[edit]

In 2016, a prototype concept, the Nikola NZT (originally - and briefly - referred to as the Nikola Zero[88]) was unveiled as a utility task vehicle with a 72 or 107 kWh battery.[89][90][91] The concept was stated to have 555 horsepower (414 kW) total, provided by a motor at each wheel, weigh 3,500 lb (1,600 kg), and use the same 14.5 in (370 mm) clearance suspension as the Ford Raptor.[92] By the end of 2016, it was listed as a powersports product, in the Nikola Powersports division.[93]

In 2017 Nikola took a journalist for a ride-along in a prototype of the car in a Utah desert to demonstrate the vehicle's capabilities.[92] That was an open-cabin version, lacking doors or a windshield.[23] On April 16, 2019, Nikola presented an NZT in Phoenix, Arizona, that appeared similar to the original one, except it had doors (but still lacked a roof and a windshield). Nikola says it offered rides in this vehicle to the attendees during the event, and published a video claiming to show it.[94] The vehicle was supposed to have 590 horsepower (440 kW), and up to 150 miles (240 km) of range per electric charge.[95] The vehicle was cancelled, alongside the rest of the powersports division, in February 2021.[96]

Nikola Reckless

[edit]

The Nikola Reckless was a concept vehicle that was projected to be a military grade fully-electric tactical off-highway vehicle. A prototype of the vehicle was displayed in the International Special Operations Forces Industry Exhibition Conference in May 2018.[97]

The vehicle's chassis would be 4×4 although it could switch to two-wheel drive. It would weigh 2,299 pounds (1,043 kg) and would be able to carry up to 1,400 pounds (635 kg). Also, the vehicle would have a 0.50-inch (12.7 mm) machine gun.[97] The vehicle was removed from the website with the cancellation of the powersports division.

Nikola WAV

[edit]

The Nikola WAV was a concept vehicle unveiled in April 2019 as a Nikola Motors watersports offering and presented alongside the Nikola Zero. The Nikola WAV concept had a 12-inch (30 cm) waterproof 4K resolution screen, and cruise control.[98] The vehicle was cancelled, alongside the entire powersports division, in February 2021.[54]

Nikola Badger

[edit]

The Badger was a proposed electric pickup truck announced in February 2020.[99] Nikola planned two variants, the first powered by a combination of hydrogen fuel cells and batteries and second all-electric, without fuel cells. The truck was intended to go to market in 2022 with the assistance of GM. In November 2020, GM pulled out of the deal and Nikola cancelled the truck.[51]

[edit]
  • Nikola Two
    Nikola Two
  • Nikola Tre
    Nikola Tre
  • Nikola Tre, side view
    Nikola Tre, side view
  • Nikola Reckless
    Nikola Reckless
  • Nikola Reckless, side view
    Nikola Reckless, side view

See also

[edit]
  • Cummins Aeos, a battery-electric and diesel range extender Class 7 semi truck tractor unit
  • Hyundai Xcient, a fuel cell Class 8 truck
  • Lordstown Motors, an American company which has announced an all-electric pickup truck
  • Rivian, an American company which has sold an all-electric pickup truck since late 2021
  • Tesla, Inc, an American company (also named after Nikola Tesla) that is manufacturing all-electric vehicles including a semi-trailer truck
  • Toyota Project Portal, a fuel cell Class 8 truck

References

[edit]
  1. ^ "Nikola Corporation 2022 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. February 23, 2023.
  2. ^ Ohnsman, Alan. "Nikola Shifting To Electric Semi Production, Building First Hydrogen Fuel Plant". Forbes. Retrieved March 2, 2022.
  3. ^ a b "Nikola Motor Company | Premium Electric Vehicles". nikolamotor.com. June 20, 2016. Archived from the original on June 20, 2016. Retrieved July 13, 2022.
  4. ^ Pankratyeva, Alexandra (June 23, 2020). "12 billion Nikola IPO and the future of the 'Tesla of Trucking'". capital.com. Archived from the original on August 1, 2021. Retrieved July 31, 2021.
  5. ^ Wayland, Michael (February 24, 2022). "Shares of EV start-up Nikola surge on earnings beat, plans to generate revenue in 2022". CNBC.com. Retrieved March 2, 2022.
  6. ^ Carpenter, Susan (December 18, 2021). "Nikola delivers first battery electric big rigs to Port of LA". Spectrum News. Retrieved February 16, 2022.
  7. ^ Cao, Sissi (November 23, 2019). "Elon Musk Isn't the Only Electric Futurist Who Wants to Rectify Nikola Tesla's Legacy". Observer. Archived from the original on June 12, 2020. Retrieved June 12, 2020.
  8. ^ Ringle, Hayley (October 19, 2018). "Behind the deal: How Nikola Motor steered its trucking technology to Arizona". Phoenix Business Journal. Archived from the original on August 19, 2020. Retrieved January 7, 2019.
  9. ^ a b Baccardax, Martin (September 15, 2020). "Nikola Shares Slump Amid SEC Probe Into Short Seller Hindenburg Fraud Claims". TheStreet. Archived from the original on October 29, 2020. Retrieved September 15, 2020.
  10. ^ a b Robinson, Matt (September 14, 2020). "SEC Examining Nikola Over Short Seller's Fraud Allegations". Bloomberg News. Archived from the original on October 28, 2020. Retrieved September 18, 2020.
  11. ^ a b Bushey, Claire (September 15, 2020). "US justice department inquires into Nikola fraud claims". The Financial Times. Archived from the original on October 28, 2020. Retrieved September 17, 2020.
  12. ^ a b c d e Wayland, Michael (July 29, 2021). "Grand jury indicts Trevor Milton, founder of electric carmaker Nikola, on three counts of fraud". CNBC.com. Archived from the original on July 29, 2021. Retrieved July 29, 2021.
  13. ^ a b "Nikola Founder Is Charged With Fraud in Rebuke to Wall Street". The New York Times. July 29, 2021. Archived from the original on July 29, 2021. Retrieved July 29, 2021.
  14. ^ a b Rosevear, John (October 14, 2022). "Nikola founder Trevor Milton found guilty of fraud over statements he made while CEO of the EV company". CNBC.com. Retrieved November 27, 2022.
  15. ^ "Trevor Milton". Forbes.com. Archived from the original on July 27, 2020. Retrieved July 27, 2020.
  16. ^ a b Hsu, Tiffany (December 1, 2016). "Nikola One Hydrogen Fuel Cell Electric Semi-Truck Debuts". Trucks.com. Archived from the original on December 3, 2016. Retrieved June 12, 2020.
  17. ^ Hall-Geisler, Kristen. "Nikola Motor Company unveils its electric (mostly) truck". TechCrunch. Archived from the original on June 23, 2017. Retrieved May 20, 2018.
  18. ^ "Company Overview of Nikola Motor Company". Bloomberg. Archived from the original on May 22, 2018. Retrieved May 20, 2018.
  19. ^ O'Dell, John (March 25, 2019). "Nikola Closes Land Deal for Arizona Truck Plant". Trucks.com. Archived from the original on July 11, 2019. Retrieved April 4, 2019.
  20. ^ "Mark Russell Named Nikola President". nikolamotor.com. Nikola Corporation. February 26, 2019. Archived from the original on October 22, 2020. Retrieved October 11, 2020.
  21. ^ "Nikola Corp | Rsvps | Nikola World Public". nikolamotor.com. Nikola Motor Company. Archived from the original on January 7, 2019. Retrieved January 7, 2019.
  22. ^ "Nikola World Registration Opens at 9 a.m. on Dec. 3". nbc-2.com. Fort Myers, Florida: NBC-2. November 30, 2018. Archived from the original on January 8, 2019.
  23. ^ a b c "Nikola World Recap: 5 new vehicles in 2 days". YouTube. April 18, 2019. Archived from the original on February 28, 2020. Retrieved September 18, 2020.
  24. ^ Corporation, Nikola. "Nikola and VectoIQ Acquisition Corp. Announce Closing of Business Combination". www.prnewswire.com (Press release). Archived from the original on June 22, 2020. Retrieved August 7, 2020.
  25. ^ "VectoIQ | Home | Experts for the Future of Mobility | New York". vectoiq. Archived from the original on June 22, 2020. Retrieved August 7, 2020.
  26. ^ "Done Deal: VectoIQ's Merger With Nikola Motor Has Closed". The Motley Fool. June 3, 2020. Archived from the original on June 5, 2020. Retrieved June 5, 2020.
  27. ^ "VectoIQ Acquisition Corp. (VTIQ) to Combine with Nikola Corporation". SPACInsider. March 3, 2020. Archived from the original on September 18, 2020. Retrieved October 11, 2020.
  28. ^ Szymkowski, Sean. "Nikola Badger reservations open as CEO takes veiled jab at Tesla". Roadshow. Retrieved August 2, 2021.
  29. ^ Stevens, Pippa (August 5, 2020). "Nikola's entire quarterly revenue of $36,000 was from solar installation for the executive chairman". CNBC. Archived from the original on August 6, 2020. Retrieved August 6, 2020.
  30. ^ "Nikola shares pop as much as 53% after General Motors takes 11% stake in electric truck maker". www.cnbc.com. September 8, 2020. Archived from the original on September 8, 2020. Retrieved September 8, 2020.
  31. ^ "Nikola founder Trevor Milton insists vehicle start-up is roadworthy". Financial Times. September 11, 2020. Archived from the original on September 16, 2020. Retrieved September 16, 2020.
  32. ^ "Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America". hindenburgresearch.com. Hindenburg Research. September 10, 2020. Archived from the original on September 10, 2020. Retrieved September 18, 2020.
  33. ^ "Investigative Research and Content Production". Research Enquirer. Retrieved June 2, 2022.
  34. ^ Bushey, Claire (September 10, 2020). "Nikola shares fall after short seller claims business is an 'intricate fraud'". Financial Times. Archived from the original on September 11, 2020. Retrieved September 11, 2020.
  35. ^ Ludlow, Edward (September 12, 2020). "Nikola's History of Discrepancies Has Been in Plain Sight". Bloomberg.com. Archived from the original on September 12, 2020. Retrieved September 13, 2020.
  36. ^ "New report claims widespread fraud by Nikola Motor". Fortune.com. Archived from the original on September 18, 2020. Retrieved September 16, 2020.
  37. ^ "Nikola electric lorry just rolling downhill in promo video". BBC.com. BBC News. September 15, 2020. Archived from the original on September 20, 2020. Retrieved September 16, 2020.
  38. ^ "US justice department inquires into Nikola fraud claims". Financial Times. September 15, 2020. Archived from the original on September 16, 2020. Retrieved September 16, 2020.
  39. ^ Kotoky, Anurag (July 3, 2020). "Nikola Founder Channels Elon Musk in Lashing Out at Naysayer Tweets". Bloomberg.com. Archived from the original on July 3, 2020. Retrieved July 3, 2020.
  40. ^ "GM conducted 'appropriate diligence' on $2 billion Nikola deal, CEO Mary Barra says". CNBC.com. September 14, 2020. Archived from the original on September 15, 2020. Retrieved September 14, 2020.
  41. ^ "Nikola founder Trevor Milton to voluntarily step down as executive chairman; stock plunges". CNBC.com. September 21, 2020. Archived from the original on September 22, 2020. Retrieved September 21, 2020.
  42. ^ Minkoff, Yoel (September 21, 2020). "Nikola tumbles as founder Trevor Milton steps down (NASDAQ:NKLA)". Seeking Alpha. Archived from the original on September 23, 2020. Retrieved September 21, 2020.
  43. ^ "Breaking news: Trevor Milton out of Nikola Motors". FreightWaves. September 21, 2020. Archived from the original on September 21, 2020. Retrieved September 21, 2020.
  44. ^ Wang, Christine; Steinberg, Marty (September 21, 2020). "Nikola founder Trevor Milton to voluntarily step down as executive chairman; stock plunges". CNBC.com. Archived from the original on September 22, 2020. Retrieved September 21, 2020.
  45. ^ Brodkin, Jon (October 2, 2020). "Nikola issues copyright takedowns against critics who use rolling-truck clip". ArsTechnica.com. Archived from the original on October 3, 2020.
  46. ^ Gilboy, James (October 2, 2020). "Well, This Has Certainly Been a Bad Week for Nikola". The Drive. Archived from the original on October 4, 2020.
  47. ^ "Nikola Stock Drops 26% After BP Backs Away From Hydrogen-Station Deal". fool.com. September 23, 2020. Archived from the original on September 24, 2020. Retrieved September 24, 2020.
  48. ^ "Nikola sinks 22%, extending sell-off amid report of potential partnership talks put on hold". businessinsider.com. September 23, 2020. Archived from the original on September 25, 2020. Retrieved September 24, 2020.
  49. ^ "Nikola Stock Tumbles As Recent Allegations Spook Potential Partners". Investor's Business Daily. September 23, 2020. Archived from the original on September 27, 2020. Retrieved September 24, 2020.
  50. ^ Colias, Mike; Foldy, Ben (November 30, 2020). "General Motors Will No Longer Take a Stake in Nikola". Wall Street Journal. ISSN 0099-9660. Archived from the original on November 30, 2020. Retrieved November 30, 2020.
  51. ^ a b Lee, Timothy B. (November 29, 2020). "Nikola Stock Plunges as Company Cancels Badger Pickup Truck". Ars Technica. Archived from the original on November 30, 2020. Retrieved November 29, 2020.
  52. ^ "Republic Services cancels pioneering electric truck deal with Nikola after months of turmoil for the manufacturer". Recycling Today. Retrieved December 11, 2022.
  53. ^ Foldy, Ben (December 23, 2020). "Nikola, Republic Services End Collaboration on Garbage-Truck Development". Wall Street Journal. ISSN 0099-9660. Archived from the original on December 23, 2020. Retrieved December 24, 2020.
  54. ^ a b c d Adler, Alan (February 25, 2021). "Nikola loses half as much as expected as Powersports unit dropped". freightwaves.com. Archived from the original on February 27, 2021. Retrieved March 1, 2021.
  55. ^ Ohnsman, Alan. "Electric Truckmaker Nikola Buys $50 Million Stake In Indiana Hydrogen Plant". Forbes. Archived from the original on June 24, 2021. Retrieved June 24, 2021.
  56. ^ "Nikola Corporation (NASDAQ: NKLA) Expanded Footprints With Addition of 5 Independent Dealers". Tech Stock Observer. July 27, 2021. Archived from the original on July 28, 2021. Retrieved July 28, 2021.
  57. ^ Wayland, Michael (July 29, 2021). "Nikola founder Trevor Milton pleads not guilty to fraud charges, released on $100 million bail". CNBC.com. Retrieved August 1, 2021.
  58. ^ Neumeister, Larry (July 29, 2021). "Nikola Motor Corp. Founder, Charged With Securities Fraud in NYC, Freed on $100M Bail". NBCNewYork.com. Associated Press. Retrieved August 19, 2021.
  59. ^ Venkat, Rama; Bera, Ayanti (September 21, 2020). "Nikola share slump deepens as founder resigns". Reuters.com. Retrieved August 1, 2021.
  60. ^ "Nikola Founder Trevor Milton Guilty of Defrauding Investors". Bloomberg.com. October 14, 2022. Retrieved November 27, 2022.
  61. ^ "Nikola: Trevor Milton sentenced to prison after fraud conviction". BBC News. December 19, 2023. Retrieved December 19, 2023.
  62. ^ Katje, Chris. "Nikola Acquires Battery Company Romeo For $144M: What Investors Should Know". Benzinga. Retrieved August 1, 2022.
  63. ^ Rosevear, John (August 4, 2022). "Nikola's revenue tops expectations on delivery of 48 electric trucks". CNBC.com. Retrieved August 4, 2022.
  64. ^ "Nikola recalls all 93 Tre BEVs over seatbelt assembly". www.fleetmaintenance.com. September 30, 2022. Retrieved October 2, 2022.
  65. ^ "Nikola Completes Acquisition of Romeo Power". October 15, 2022.
  66. ^ Rosevear, John (August 14, 2023). "Nikola shares fall after EV maker recalls all of its battery-electric semitrucks following a fire". CNBC. Retrieved August 14, 2023.
  67. ^ Adler, Alan (September 6, 2023). "3rd Nikola battery-electric truck catches fire". FreightWaves. Retrieved September 9, 2023.
  68. ^ Ashraf, Anan. "Nikola's Electric Truck Fire Incidents Persist — 2nd Blaze in a Week - Nikola (NASDAQ:NKLA)". Benzinga. Retrieved September 9, 2023.
  69. ^ "Nikola 2Q Sales Beat Management Expectations". Morningstar, Inc. July 2, 2024. Retrieved July 5, 2024.
  70. ^ "Nikola's Strategic Moves: From Modular Refueling to Wall Street Win - H2 News". August 13, 2024.
  71. ^ Hsu, Tiffany (December 2, 2016). "Nikola CEO Milton Explains Hydrogen Fuel Cell Truck Strategy". Trucks.com. Retrieved July 13, 2022.
  72. ^ a b "U.S. Patent Office Rules In Favor Of Nikola In Lawsuit Against Tesla Semi". InsideEVs. Archived from the original on October 7, 2020. Retrieved September 21, 2020.
  73. ^ O'Kane, Sean (May 1, 2018). "Tesla sued for $2 billion by hydrogen truck startup over alleged patent infringement". The Verge. Archived from the original on May 2, 2018. Retrieved May 2, 2018.
  74. ^ Ohnsman, Alan. "Tesla's Effort To Short-Circuit Nikola Lawsuit Fizzles As Patent Office Denies Door Argument". Forbes. Archived from the original on September 14, 2020. Retrieved September 21, 2020.
  75. ^ Isidore, Chris (January 5, 2022). "Nikola drops $2 billion patent infringement suit against Tesla | CNN Business". CNN. Retrieved July 10, 2024.
  76. ^ "Anheuser-Busch orders hundreds of hydrogen trucks from zero-emission startup Nikola". The Verge. May 3, 2018. Archived from the original on May 3, 2018. Retrieved May 3, 2018.
  77. ^ "Startup Nikola Bets Hydrogen Will Finally Break Through With Big Rigs". Forbes. April 14, 2019. Archived from the original on September 16, 2020. Retrieved September 22, 2020.
  78. ^ "Nikola Two demo". YouTube. April 17, 2019. Archived from the original on September 22, 2020. Retrieved September 18, 2020.
  79. ^ Szymkowski, Sean (November 22, 2019). "Nikola hydrogen-electric semi comes to life for Anheuser-Busch - Page 2". Roadshow. Archived from the original on December 3, 2020. Retrieved December 21, 2020.
  80. ^ a b Stumpf, Rob (November 6, 2018). "Nikola Tre Is a Stylish, Hydrogen-Powered Semi Truck Destined for Europe". The Drive. Archived from the original on November 6, 2018. Retrieved November 6, 2018.
  81. ^ Browne, Ryan (November 6, 2018). "Tesla rival Nikola Motor unveils hydrogen-powered truck for Europe". CNBC. Archived from the original on December 24, 2018. Retrieved December 23, 2018.
  82. ^ Ballaban, Michael (November 5, 2018). "The Nikola Tre Is the Not-Tesla Hydrogen Semi that Wants to Take On Europe". Jalopnik. Archived from the original on December 24, 2018. Retrieved December 23, 2018.
  83. ^ "Nikola & Iveco Partner To Bring The Battery Electric Nikola TRE to the EU". CleanTechnica. December 3, 2019. Archived from the original on December 3, 2019. Retrieved December 3, 2019.
  84. ^ Buckley, Julian (December 20, 2021). "Nikola delivers first Tre BEV heavy truck". New Power Progress.
  85. ^ Doll, Scooter (January 13, 2022). "Nikola Tre gets board approval as a ZEV, qualifying for a $120,000 incentive for California customers". Electrek.
  86. ^ Doll, Scooter (June 9, 2022). "Nikola Tre BEV approved for NY incentive voucher offering savings up to $185k per truck". Electrek.
  87. ^ Sriram, Akash (May 5, 2022). "EV maker Nikola jumps on securing supplies to meet 2022 delivery target". Reuters.
  88. ^ "Nikola NZT Ride Along". YouTube. May 23, 2018. Archived from the original on May 5, 2020. Retrieved February 4, 2020.
  89. ^ "Nikola Zero UTV Driving Footage And Launch Videos". Archived from the original on November 7, 2016. Retrieved November 6, 2016.
  90. ^ "Nikola One Hydrogen Fuel Cell Electric Semi-Truck Debuts". Trucks.com. December 1, 2016. Archived from the original on December 3, 2016. Retrieved December 3, 2016.
  91. ^ "Dette er bilen som skal ta tungtransporten vekk fra diesel". Teknisk Ukeblad (in Norwegian). December 2, 2016. Archived from the original on December 5, 2016. Retrieved December 3, 2016.
  92. ^ a b Lambert, Fred (November 21, 2017). "We tested an insane electric UTV with more energy capacity than even the most powerful Tesla". Electrek. Archived from the original on March 27, 2018. Retrieved November 21, 2017.
  93. ^ "Nikola Powersports". 2016. Archived from the original on October 10, 2016. Retrieved October 9, 2016.
  94. ^ "Nikola NZT Demo Rides at Nikola World 2019 | Nikola Powersports". YouTube. May 16, 2019. Archived from the original on September 16, 2020. Retrieved September 18, 2020.
  95. ^ O'Kane, Sean (April 17, 2019). "Nikola's off-road EV is a high-tech speed demon". The Verge. Archived from the original on November 16, 2020. Retrieved November 15, 2020.
  96. ^ Alan Adler (February 25, 2021). "Nikola loses half as much as expected as Powersports unit dropped". www.freightwaves.com. Archived from the original on February 27, 2021. Retrieved March 1, 2021.
  97. ^ a b "Nikola Reckless Electric Utility Task Vehicle (UTV)". Army Technology. Archived from the original on September 29, 2020. Retrieved September 21, 2020.
  98. ^ O'Kane, Sean (April 17, 2019). "The Nikola Wav is an electric watercraft with a 4K display and cruise control". The Verge. Archived from the original on November 21, 2020. Retrieved November 15, 2020.
  99. ^ Bert Troubleyn (February 11, 2020). "Nikola Badger : 950 kilomètres en électrique !". Archived from the original on August 1, 2021. Retrieved January 14, 2021.
[edit]
Wikimedia Commons has media related to Nikola Corporation.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Nikola_Corporation&oldid=1257669168"