The Latest Breaking News from Nikola

EV manufacturer Nikola Corp conducts test runs of its hydrogen-powered fuel cell truck and trailer amid investor urgency and delisting threat.

The company said the layoffs will help preserve 900 jobs and position it for future growth by helping cut personnel-related cash spend by $50 million a year.

NKLA’s shares have declined more than 77% over the past year. The company’s revenue missed analyst estimates in the fourth quarter. Since EV sales are expected to remain under pressure this year due to high inflation and economic challenges, it could be wise to avoid fundamentally weak Nikola (NKLA). Keep…

For now, the BEV car hauler trial includes four trucks from Nikola and Kenworth transporting Nissan cars from the Port of Los Angeles to local dealerships.

NEW DELHI: The magnitude of the plunge in stocks tied to Indian billionaire Gautam Adani is rivaled by only a handful of short-seller campaigns in history.

Hindenburg Research is a financial research firm with an explosive name and a track record of sending the stock prices of its targets tumbling

Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.”

MUMBAI: Shares in Adani Group companies lost $12 billion in market value after US investor Hindenburg Research said it was shorting the conglomerate’s stocks and accused firms owned by Asia’s richest person of “brazen” market manipulation and accounting fraud.

The truck will be used to move paving equipment, transport construction materials and pull other heavy equipment at Los Angeles International Airport worksites.