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The Latest Breaking News from Nikola

Nikola Faces Weak Demand And Founder Dispute Amid Test Runs

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

Zenger

Nikola Laying Off 270 Employees To Cut Costs, Sharpen Focus On North America

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.

InsideEVs

Nikola Tre BEV Production Put On Pause As Inventory Piles Up, Losses Mount

Nikola also makes a hydrogen fuel cell version of the Iveco-based truck, which saw a “significant increase” in sales in Q1 2023, with orders that amount to 140 total units of the FCEV Tre.

InsideEVs

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Iveco-Nikola Partnership Enters New Phase: A Sign Of Parting Ways?

Iveco Group and Nikola Corporation announced today that their partnership (started in 2019), related to zero-emission heavy-duty trucks has entered a new phase.

InsideEVs

Why Do Investors Think This Overvalued Stock Is on the Mend?

Despite Nikola's (NKLA) efforts to leave its troubled history behind and aim for profitability, the latest events and fundamental factors indicate that there is still a significant journey ahead. Read on….

StockNews.com

30 under 30-year sentences: why so many of Forbes’ young heroes face jail

Ex-CEO Charlie Javice, 31, is just the latest from the magazine’s list to see criminal charges

The Guardian - US

1 Auto Stock to Avoid at All Costs in 2023

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…

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Nissan Using Nikola, Kenworth BEV Trucks To Ship Cars To Dealers

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.

InsideEVs

How Gautam Adani selloff stacks up against the biggest stock collapses

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.

The Times of India

What is Hindenburg Research, firm accusing Adani of fraud?

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

The Independent UK

Richest Asian, Adani, targeted in $68B stock market rout

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.”

The Independent UK

Hindenburg’s short sell call shaves $12 billion off Gautam Adani stocks

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 Times of India

Nikola Delivers Tre BEV Electric Semi-Truck To LAX Airport

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

InsideEVs

Tesla China Sales Stutter, Oil-Rich Saudi Arabia Looks EV Way, Canoo's Quest For Vertical Integration, Fisker Stays On Course: Week's Biggest EV Stories

Electric vehicle stocks mostly declined in the week ending Nov. 4, as another big rate hike delivered by the Federal Reserve weighed on risk appetite. Market leader Tesla, Inc.

Benzinga

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InsideEVs

Nikola Shipped 63 Tre BEVs In Q3 But Will Miss Annual Delivery Goal

Nikola posted a net loss of $236.2 million and reported revenues of $24.2 million in Q3 2022—both improvements over Wall Street analysts' expectations.

Benzinga

Nikola Unusual Options Activity For November 02

Someone with a lot of money to spend has taken a bearish stance on Nikola (NASDAQ:NKLA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Nikola Stock Surges Following KeyState Partnership: Here's Where A New Trend Could Form

Nikola Corporation (NASDAQ: NKLA) was surging about 15% higher on Monday. The sharp rise caused the stock to break up from a sideways pattern under which Nikola had been trading since Oct. 10.

InsideEVs

Nikola Founder Trevor Milton Convicted On Three Counts Of Fraud

Trevor Milton has been found guilty on three out four charges of fraud and now faces up to 20 years in prison.

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Benzinga

Tesla Buyback Chatter Grows Louder Amid Stock Weakness, Lucid Weathers Supply Constraints In Q3, Nikola's Trevor Milton Convicted Of Fraud And More: The Week's Biggest EV Stories

Electric vehicle stocks came under selling pressure in the week ended Oct. 15, dragged by the broader market weakness. Market leader Tesla Inc.

Tribune News Service

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.

WEKU

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.

The Independent UK

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

InsideEVs

Nikola Recalls Tre BEV Electric Trucks: 93 Units

Nikola Corporation has to recall 2022 Nikola Tre electric semi trucks, because the seat belt shoulder anchorage assembly may have been improperly installed.

InsideEVs

General Motors Exec Says Nikola Badger Pickup Only Had GM Parts

Nikola signed a deal with General Motors to build its electric pickup, and the startup apparently only supplied the design brief while its CEO stated otherwise.

InsideEVs

Nikola Badger Prototype Was Partly Made Of Ford F-150 Raptor Parts

Nikola founder Trevor Milton's trial reveals the startup had no prototype or production plan for the pickup when it started taking reservations from customers.

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