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Serial production of Kenworth Truck Co.'s hydrogen fuel cell electric T680 tractors will not begin in 2025 as previously announced, according to a senior executive.

Court documents show Lucid will pay $30 million for the 691,000-square-foot retooled manufacturing plant and offices after multiple auction rounds.

“This pardon is not just about me — it’s about every American who has been railroaded by the government, and unfortunately, that’s a lot of people,” Milton said in a press release.

If no suitable bids arrive by the stalking horse deadline, court documents indicate that an auction will take place April 7. The court said it would make public the results on April 10.

Nikola won court permission to auction its Arizona plant, an asset creditors said may prove valuable to automakers as the Trump administration continues to go back and forth on tariffs.

The SEC ranked No. 1 on the roster of largest unsecured creditors when Nikola, a failed maker of EV trucks, sought court protection on Feb. 19, with the regulator owed about $80 million.

The company said it plans to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. A stalking horse bidder will be sought.

Nikola Corp. is working with a law firm and financial advisers to prepare a potential Chapter 11 filing, which would protect it from creditors amid a cash crunch.

Nikola Corp. is exploring options to stave off a cash crunch, including potentially selling part or all of the company, according to people familiar with the matter.

Nikola Corporation, a global leader in zero-emissions transportation and energy supply and infrastructure solutions, released their first-ever sustainability impact report. Nikola’s 2023 Sustainability Impact Report covers environmental and social impacts, reporting, and progress towards Nikola’s sustainability priorities.