Nikola founder Trevor Milton seeks probation after fraud conviction
By Jonathan Stempel NEW YORK (Reuters) – Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola, is seeking to avoid prison, with his lawyers saying his case differed from…
Nikola pushes shareholder meet again as it seeks nod for key proposal
(Reuters) – Electric-truck maker Nikola on Thursday adjourned its annual shareholder meeting for the second time this year, as it could not muster sufficient votes for a proposal to increase the number…
EV truck maker Nikola to pull the plug on battery supplier Romeo
(Reuters) – Nikola Corp will start liquidating the assets of battery maker Romeo Power, the electric truck maker said on Monday, less than a year after buying it. The company, which went…
Nikola founder urges vote against critical share proposal
By Abhirup Roy SAN FRANCISCO (Reuters) – Nikola’s top shareholder and founder, Trevor Milton, on Thursday urged investors to vote against the electric truck maker’s proposal to increase the number of shares…
Nikola tumbles to record low on $100 million stock sale
(Reuters) – Shares of Nikola Corp hit a record low on Friday after the electric-truck maker said it plans to sell shares and raise $100 million, amid high production costs. Nikola said…
Nikola names insider Anastasiya Pasterick as finance chief
(Reuters) – Electric-truck maker Nikola Corp said on Monday Kim Brady will retire as chief financial officer on April 7 and insider Anastasiya Pasterick will take over the role. Pasterick was key…
Nikola to sell up to 75 hydrogen-powered trucks to Plug Power
(Reuters) – Electric truck maker Nikola Corp said on Thursday that it would sell up to 75 Tre hydrogen-powered trucks over three years to fuel-cell technology developer Plug Power Inc. Electric vehicle…
Nikola, KeyState to collaborate on hydrogen supply
(Reuters) – Electric vehicle maker Nikola Corp said on Monday it was working with KeyState Natural Gas Synthesis to create Pennsylvania state’s first low-carbon hydrogen production supply chain. However, Nikola said it…
Nikola to raise up to $400 million in stock sale
(Reuters) – Nikola Corp said on Tuesday it may sell shares to raise up to $400 million, as the electric truck maker looks to ramp up production amid rising costs. The company,…
Nikola seeks to quash subpoena from founder Milton for his criminal case
By Jonathan Stempel NEW YORK – Nikola Corp, the electric- and hydrogen-powered truck maker, on Friday asked a U.S. judge to quash a subpoena from founder and former Chief Executive Trevor Milton…
Nikola founder asks judge to block evidence of ‘wealth’, ‘lifestyle’ in fraud case
(Reuters) – Trevor Milton, the billionaire founder and former chief executive of Nikola Corp has asked a federal judge to block evidence related to his “wealth, lifestyle or spending habits” at his…
EV maker Nikola ‘evaluating’ making its own battery cells, says CFO
(Reuters) – Electric-truck maker Nikola Corp is “evaluating options” to make its own battery cells in 2024, Chief Financial Officer Kim Brady said on Thursday. “If in-sourcing opportunity is available to us,…
Nikola founder Trevor Milton votes against issuing new shares – Bloomberg News
(Reuters) – Nikola Corp’s founder Trevor Milton voted against the electric vehicle company’s proposal to issue new shares at the company’s annual general meeting, a Bloomberg News report on Thursday, citing sources.…
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