Nikola News Updates

Business, Technology, Equipment, Fuel

Nikola Secures Order From Republic Services for at Least 2,500 Vehicles

Nikola Corp. announced it received a minimum order for 2,500 heavy-duty electrified refuse trucks from Republic Services Inc. that could expand to 5,000 over the life of the agreement.

August 10, 2020
Business, Technology, Equipment, Fuel

Nikola Posts Q2 Loss, Stays Focused on Growth Strategy

Just months after becoming a publicly traded company, Nikola Corp. reported that net losses widened versus year-ago levels as the company continues investing in the buildup toward the introduction of its electric trucks.

August 5, 2020
Business, Technology, Fuel

Nikola’s Trevor Milton Says Future of Trucking Is Hydrogen-Based

Nikola Corp. founder and Executive Chairman Trevor Milton believes the hydrogen fuel cell technology that powers his company’s trucks can place Nikola at the forefront of global efforts to toughen clean-air rules while also providing a truck that meets the needs of commercial fleets.

July 30, 2020
Business, Technology, Equipment, Fuel

Nikola to Launch New US Plant With Tre Cabover Model

The battery-electric cabover Nikola Tre model will be the first Class 8 off the assembly line at Nikola's manufacturing facility in Coolidge, Ariz.

July 28, 2020
Business, Technology, Fuel

Nikola Breaks Ground on Arizona Plant

Nikola Corp. broke ground July 23 on a new electric-truck factory in Coolidge, Ariz., that it hopes to open next year, but first the startup needs to figure out a way to pay for the 1 million square-foot facility and other expenses with little cash on hand.

July 23, 2020
Business, Technology, Fuel

Nikola Plummets After Warrant Call Creates Selling Pressure

Nikola Corp. shares nosedived on July 20 as some investors will now be able to buy the company’s stock at a fraction of recent prices.

July 20, 2020
Business, Technology, Equipment, Fuel, Autonomous

Nikola Sets Truck Production Schedule, Envisions Autonomous Model

Zero-emission truck maker Nikola Corp., which recently jumped to a publicly traded company from its startup perch, has begun building prototypes of its heavy-duty battery-electric model in Germany and is set for groundbreaking on a plant in the United States this summer.

June 17, 2020
Business, Technology, Fuel

Nikola’s Trevor Milton Has $7.4 Billion Fortune on Free Truck Orders

The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry.

June 12, 2020
Business, Technology, Fuel

Nikola Gets Valued at $34 Billion Before Gain Is Wiped Out

Tesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they were before the company went bankrupt. But no stock in the automotive sector is a better indication of equity-market exuberance than Nikola Corp.

June 9, 2020
Business, Technology, Fuel

Nikola Stock Surges 104% on Third Day of Trading

Shares of Nikola Motor Co. surged 104% to a record in its third day of trading on the Nasdaq after a merger with VectoIQ Acquisition Corp.

June 8, 2020