Nikola

It’s not just passenger cars and light-duty pickups that are going green. A company called Nikola is looking to revolutionize heavy hauling with battery-electric and fuel cell-powered Class-8 trucks. Both the all-electric Tre BEV and hydrogen-fueled Tre FCEV are based on the Iveco S-Way semi from Europe. Speeding development, these Nikola models share the same […]

Heavy hauling is a major source of carbon emissions. Untold amounts of diesel fuel are burned every day in the Class 8 trucks that transport goods and crisscross the nation, but a company called Nikola is looking to completely change this. The manufacturer already offers a battery-electric heavy truck and it’s set to introduce a […]

When it was expected General Motors was going to take an ownership stake in Nikola, it added credibility. Surely with GM on board, the company would do well and the Badger would hit the streets. That’s not, unfortunately, what happened. Through a series of calamities surrounding the former CEO, confidence in the company dwindled. GM […]

For those wondering if there’d be any fallout from the craziness at Nikola, there is. The Nikola Badger electric pickup truck is dead. GM is no longer seeking an equity stake in the company. Nikola with still use GM’s fuel cell technology in its Class 7 and Class 8 trucks. Today Nikola signed a Memorandum […]

With the news that Trevor Milton is out at Nikola, questions are emerging around what General Motors knew and didn’t know when it agreed to an 11% ownership equity stake in Nikola. One thing we do know for certain, even though Milton is out, he’s still the largest shareholder in the company with a 20% […]

Nikola hasn’t been having a good couple of a weeks. After a scathing report from short sellers Hindenburg Research, the Securities and Exchange Commission (SEC) began an investigation. Now, the chairman of the company resigned. In an early morning tweet, Milton said “I asked the board of directors to let me step aside from my […]

Nikola Motor Company this morning received a huge injection in capital thanks to the folks over at General Motors. In a massive $2 billion equity purchase deal, GM is now 11% owner of the electric and hydrogen company. According to Bloomberg, “GM will make in-kind contributions to take an 11% stake in Nikola and get […]