About the Company
Nikola Corporation (formerly known as Nikola Motor Company) is an American manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions. It presented several vehicle concept vehicles from 2016 to 2020, the first of which was a natural gas fueled turbine-electric semi truck. The company went public on June 4, 2020. In February 2022, the company projected deliveries of between 300 and 500 of its first battery-electric semitrucks — known as the Nikola Tre — to customers. The company delivered its first two battery-electric trucks in December 2021. Like Tesla, Inc., the company is named in honor of Nikola Tesla, but these are not related to the inventor. Nikola Corporation is based in Phoenix, Arizona. In September 2020, the Securities and Exchange Commission and the Department of Justice launched investigations into securities fraud allegations. In July 2021, a United States federal grand jury indicted Nikola founder and former CEO Trevor Milton, but did not indict the company. The indictment charged Milton with three counts of criminal fraud—for "lying about 'nearly all aspects of the business'"—and two counts of securities fraud. Publicly traded shares in Nikola dropped to around US$12 after falling from over $65 in mid-2020, when its market valuation had exceeded that of the Ford Motor Company. In October 2022, Milton was found guilty in federal court of three of four counts of fraud against him, over statements he made while CEO of the company.
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Nasdaq
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Latest $NKLA News
These Numbers Prove Just How Vibrant The Nikola Corp (NASDAQ: NKLA) Stock Has Been
Currently, records show that 1.33 billion of the company’s shares remain outstanding. The insiders hold 7.56% of outstanding ...
Nikola’s proposal for reverse split sends its stock even further below $1
The EV company is asking shareholders to vote for a plan that would help it maintain listing requirements and potentially ...
What's Going On With EV-Maker Nikola's Stock?
Nikola Corporation (NASDAQ:NKLA) shares are trading lower Wednesday, and the stock is down by more than 33% over the past ...
Nikola ends in green after six straight sessions of losses
Nikola Corp (NASDAQ:NKLA) shares snapped their six-day streak of continuous losses on Tuesday, noting their first session in ...
Electric Vehicle Nightmare: 3 Struggling EV Stocks to Exit Before It’s Too Late
InvestorPlace - Stock Market News, Stock Advice & Trading Tips While we can’t discount the long-term potential of the EV ...
EHang Seeks Capital Refueling As Its Self-Flying Vehicles Inch Toward Grand Takeoff
The U.S. firm, which specializes in forensic research on companies it suspects of misleading investors, is perhaps best known ...
Nikola in focus as expert says EV movement happened ‘too soon and too fast’
Nikola Corp (NASDAQ: NKLA) is in focus today after Bob Lutz – a former executive of the “Big Three” said the EV push happened ...
Better EV Stock: Rivian Automotive vs. Nikola Corporation
Rivian currently sells the R1T pickup, the R1S SUV, and a custom electric delivery van for its top investor Amazon (NASDAQ: ...
Nikola Corp (NKLA) Stock Price and Analyst Predictions
Pike Joseph R., the Chief Human Resources Officer of Nikola Corp, sale 75,162 shares at $0.68 during a trade that took place back on Mar 05 ’24, which means that Pike Joseph R. is holding 429,790 ...
Nikola Corp (NKLA) Shares Decline Despite Market Challenges
The stock price of Nikola Corp (NASDAQ: NKLA) has plunged by -2.44 when compared to previous closing price of 0.66, but the company has seen a -8.05% decline in its stock price over the last five ...
Albuquerque hydrogen firm BayoTech names new CFO
BayoTech Inc. The Albuquerque company in July 2023 announced a hydrogen off-take agreement and partnership with Phoenix-based ...
Hydrogen Trucks Market to expand at a CAGR of 41% by 2033
According to FMI reports, the global hydrogen trucks market is expected to grow by nearly US$ 3.84 Billion by 2023. This is with a substantial and impressive CAGR of 41% expected over the forecast ...
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