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The Latest Breaking News from Nikola Corp

4 years in prison for Nikola Corp founder for defrauding investors on claims of zero-emission trucks

The founder of Nikola Corp. has been sentenced to four years in prison for his conviction for exaggerating claims about his company's production of zero-emission 18-wheel trucks

The Independent UK

Lawyers insist Nikola founder shouldn't face prison time for fraud — unlike Elizabeth Holmes

Lawyers for the founder of truckmaker Nikola Corp. say he should not face incarceration because his criminal conviction is nothing like what landed Theranos founder Elizabeth Holmes in prison

The Independent UK

General Motors Co. (GM) vs. Nikola Corp. (NKLA): Which Is the Better Buy?

Automobile demand is expected to bounce back this year after a disappointing 2022. The rapid switch from ICE vehicles to electric vehicles will likely drive the growth of General Motors (GM) and Nikola (NKLA). Let’s compare these two stocks' fundamentals to identify which is a better buy now.

StockNews.com

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Nikola founder Trevor Milton guilty of defrauding investors

Nikola Corp. founder Trevor Milton was convicted of fraud for misleading investors in the electric truck company, a stunning downfall for the door-to-door salesman turned billionaire who promised to revolutionize the auto industry.

Tribune News Service

The founder of a zero-emission truck venture is found guilty of fraud

Trevor Milton, the wealthy founder of Nikola Corp., was convicted of deceiving investors with exaggerated claims about his company's progress in producing zero-emission 18-wheel trucks.

WEKU

Head of zero-emission truck venture found guilty of fraud

The founder of Nikola Corp. has been found guilty on charges he duped investors with exaggerated claims about his company’s production of zero-emission 18-wheel trucks

The Independent UK

Famous Nikola Rolling Down The Hill Video Will Be Part Of Trevor Milton Trial

A video of a truck from Nikola Corp (NASDAQ: NKLA) became the talk of the financial world after a short report questioned if the truck was actually driving. Nikola later admitted the truck was rolling downhill.

Benzinga

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Nikola Acquires Battery Company Romeo For $144M: What Investors Should Know

Clean energy transportation company Nikola Corp. (NASDAQ: NKLA) announced the purchase of a battery company that could help bring its production in-house.

Benzinga

Why Nikola Shares Are Rising

Nikola Corporation (NASDAQ: NKLA) shares are trading higher after Walmart Inc. (NYSE: WMT) announced a proof of concept with the company to expand its transportation partnerships to reduce emissions.

Benzinga

Walmart Expands Transportation Partnerships To Reduce Emissions

Walmart Inc (NYSE:WMT) said it is transforming its transportation fleet through collaborations with manufacturers of three different fuel types – renewable natural gas, hydrogen, and electric. The retail giant will partner with Cummins Inc (NYSE:CMI) and will receive new 15-liter Natural Gas Engines and add them to a few of its trucks. It has also…

Benzinga

Here's Why Nikola Shares Are Trading Lower Premarket

EV maker Nikola Corp (NASDAQ:NKLA) founder and former Chair Trevor Milton voted against a proposal to raise capital by issuing new shares, Bloomberg reports. The veto led to the adjourning of the annual shareholder meeting to June 30 to request more proxies in favor of the proposal. Milton is Nikola's single largest shareholder, with the…

Benzinga

Nikola Stock Signals Massive Reversal But Will The Pattern Hold?

Nikola Corp (NASDAQ: NKLA) gapped up over 5% higher on Thursday and spiked up an additional 9% before being pressured down toward Wednesday’s closing price by the general markets, with the S&P 500 plunging 3.75% lower by midday.

Benzinga

Why Nikola Stock Is Surging Today

Nikola Corp (NASDAQ: NKLA) shares are trading higher Thursday after the company reported first-quarter results.

Benzinga

Why Nikola Shares Are Trading Lower Today

Nikola Corp (NASDAQ:NKLA) disclosed that an institutional investor has agreed to make a $200 million investment by purchasing Convertible Senior Notes. Funds advised by Antara Capital LP have agreed to purchase a $200 million aggregate amount of Convertible Senior Notes due 2026. The Notes will bear interest at a rate of 8.00% if…

Benzinga

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Benzinga

Nikola Begins Production, Shipment Of Electric Semi Trucks A Year Ahead Of Tesla

Nikola Corp (NASDAQ: NKLA) said on Wednesday it has begun serial production and the initial shipment of its first semi-trucks to customers, a year ahead of bigger rival Tesla Inc’s (NASDAQ: TSLA<

Benzinga

Nikola CEO Says Company Is Seeing Increased Demand Following Production Commencement

Nikola Corp (NASDAQ: NKLA) announced that it began production of its Tre BEVs last week at the company's Arizona manufacturing facility. The Nikola Tre FCEV deliveries are anticipated in 2023, but the BEV deliveries are just around the corner.

Benzinga

Nikola Partners With Commercial Finance Company ENGS To Facilitate Semi-Truck Sales

Nikola Corp (NASDAQ:NKLA) has signed an agreement with ENGS Commercial Finance Co. to facilitate sales of Class 8 Nikola Tre battery-electric vehicles (BEVs) and Nikola Tre hydrogen fuel-cell electric vehicles (FCEVs). ENGS, a Mitsubishi HC Capital Group member, will offer customer finance solutions to purchase Nikola vehicles, charging assets, and infrastructure requirements to…

Benzinga

Nikola Beats Tesla To Electric Pickup Production: Here Are The Timelines For 4 Other Electric Truck Companies

Nikola Corp (NASDAQ: NKLA) on Wednesday announced that it has started production of its electric Tre semi truck via a slideshow presentation shared in an SEC filing, as reported on Benzinga Pro.

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Benzinga

Why Nikola Shares Are Soaring Today

Nikola Corp (NASDAQ: NKLA) shares are surging Thursday morning after the company announced it started truck production earlier this week.

Benzinga

This Tesla Rival Confirms Making Its First Semi Truck, Targets Up To 500 Deliveries This Year

Nikola Corp (NASDAQ: NKLA) said on Wednesday it had started production of its first semi-trucks earlier this week, sending shares of the electric truck maker higher after the bell.

Benzinga

What's Driving Nikola Shares Higher After Hours?

Nikola Corp (NASDAQ: NKLA) shares are trading higher in Wednesday's after-hours session following reports truck production started this week.

Benzinga

Nikola Shares Tick Higher After Q4 Earnings - Read How It Performed

Zero-emissions transportation solutions provider Nikola Corp (NASDAQ:NKLA) reported a fourth-quarter FY21 loss from operations of $(162.7) million against $(146.8) million a year ago. Non-GAAP EPS loss was $(0.23) beat the consensus loss of $(0.32). It clocked an adjusted EBITDA loss of $(90.4) million compared to a loss of $(65.5) million a year ago. Nikola…

Benzinga

Why Nio, Workhorse And Nikola Shares Are Rising

Shares of electric and clean energy vehicle companies, including Nio Inc (NYSE: NIO), Workhorse Group Inc (NASDAQ: WKHS) and Nikola Corp (NASDAQ:

Benzinga

Nikola Inks Agreement With Corcentric To Facilitate Vehicle Sales Financing

Nikola Corp (NASDAQ:NKLA) has signed an agreement with leasing and financing solutions provider Corcentric Fleet Funding Solutions to facilitate sales of Class 8 Nikola Tre battery-electric vehicles (BEVs) and Nikola Tre hydrogen fuel cell electric vehicles (FCEVs). Corcentric will purchase vehicles and related assets directly from Nikola to offer customers a bundled lease…

Benzinga

Nikola Inks Battery Supply Agreement With Proterra

Nikola Corp (NASDAQ:NKLA) has signed a multi-year supply agreement with Proterra Inc (NASDAQ:PTRA) to power its zero-emission semi-trucks with Proterra's battery technology. The financial terms were not disclosed. Nikola expects to incorporate the Proterra product in the Nikola Tre battery-electric vehicle (BEV) and Tre fuel cell electric vehicle (FCEV). The first Proterra Powered Nikola semi-trucks…

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