On April 11, the Lucid Group announced it has reached an agreement to acquire facilities and assets in Arizona previously belonging to Nikola Corp., subject to approval by the U.S. Bankruptcy Court for the District of Delaware.The transaction does not include the acquisition of Nikola's business, customer base, or hy

On March 28, the White House confirmed that Nikola Motor founder Trevor Milton has been given a full pardon by U.S. President Donald Trump. When asked by a reporter why he pardoned Milton, Trump responded “They say the thing that he did wrong was he was one of the first people that supported a gentleman named Donald

On March 24, Nikola Corp. announced its intention to file a Form 25 Notification of Delisting with the Securities and Exchange Commission (SEC) on or about April 3, 2025, which will remove its securities from listing and registration on Nasdaq. 
Nasdaq previously suspended the trading of Nikola’s common stock at the

On February 19, Nikola Corp. announced that the company and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Nikola has also filed a motion seeking authorization to pursue an auction and sale process

Nikola Corp. is nearing a bankruptcy filing, according to people familiar with the matter. Arizona-based Nikola has recently been working with its law firm Pillsbury Winthrop Shaw Pittman to explore options that could include a sale or restructuring of the company in bankruptcy, the people said.
A Nikola representati

On January 23, reports appeared regarding Nikola Corp. seeking partnerships or sale of parts of its business as cash is running out and bankruptcy appears likely.
The report comes three months after Nikola warned investors on its Q3 2024 conference call that, with a burn rate of USD 30-40 million per month, its USD 1

On January 9, Nikola Corp. announced that updated class 8 Nikola battery-electric trucks have now surpassed one million miles of service with dealers and within fleets.
Since putting the BEV 2.0 back into service, Nikola has released a total of 94 updated BEVs back to end fleets and dealers to-date through 19 differe

On October 31, Nikola released its financial results for Q3 2024, which looked positive as its revenue of USD 33 million beat that of Q2 with USD 31 million. However in the earnings call that followed, its CFO Thomas Okray admitted that the company’s existing cash is “sufficient to fund our forecasted operating costs

On October 31, Nikola Corp. reported financial results and business updates for the quarter ended September 30, 2024.
Nikola produced 83 trucks in Coolidge, Arizona in Q3 and shipped 90, providing revenue of USD 25.2 million, and leading to an operational loss of USD (178.8) million and overall net loss of USD (199.8

On October 21, Nikola Corp. released its first-ever sustainability impact report. Nikola's 2023 Sustainability Impact Report covers environmental and social impacts, reporting, and progress towards Nikola's sustainability priorities.
"Nikola's commitment to sustainability is not just trendy or a nice-to-have, it's wh

On October 2, Nikola Corp. announced a record quarter by wholesaling 88 Class 8 Nikola hydrogen fuel cell electric trucks, firmly within truck sales guidance of between 80 and 100 fuel cell units for the quarter.
For the first three quarters of 2024, Nikola wholesaled 200 hydrogen fuel cell trucks, and 235 total sinc

On September 27, J.B. Hunt Transport Services Inc. announced that it has added 20 Nikola Tre fuel cell electric vehicles (FCEVs) to expand sustainability solutions for customers with freight needs along the U.S. West Coast.
Fueling and infrastructure support will be provided by Nikola via its HYLA brand. J.B. Hunt pu

On September 9, former Nikola CEO Trevor Milton was ordered by U.S. District Judge Diane Humetewa in Phoenix, Arizona to pay Nikola, the company he founded, USD 167.7 million for false and misdealing statements to the public. 
Milton was convicted by jurors in New York in October 2022 on two counts of wire fraud and

Nikola Corporation announced that it was awarded a Sourcewell contract, which grants public agencies in the U.S. easier access to the company’s Class 8 battery-electric and hydrogen fuel-cell zero-emission trucks. Sourcewell is a self-funded government organization that has created a cooperative purchasing program wi

On August 12, Nikola Corp. announced that it continues to deliver HYLA refueling solutions to support volume ramp-up for its Class 8 hydrogen fuel cell electric trucks in Southern Calif, with the opening of the latest one off the 5 Freeway in Santa Fe Springs.
This strategic location, together with its Ontario and Lo

On August 9, Nikola Corp. reported revenue of USD 31.32 million in Q2 2024, up 318% from Q1 and an increase of 103.9% from the USD 15.36 million in the same period in 2023, resulting in a net loss of USD (133.67) million and adjusted EBITDA of USD (109.37) million.
In Q2, Nikola exceeded the high-end of the guidance

On July 30, Nikola Corp., together with ITD Industries, opened the first commercial hydrogen refueling station for the heavy-duty transportation sector in Ontario, Canada. 
The station, located at ITD Industries’ headquarters in Etobicoke, Ontario, uses a 700-bar pressure-fill system, allowing hydrogen fuel to be dis

On July 2, Nikola Corporation announced it had wholesaled 72 Class 8 Nikola hydrogen fuel cell trucks in Q2 2024, above the high end of truck sales guidance of 60 units.  
For the first half of 2024, Nikola wholesaled 112 hydrogen fuel cell trucks.
"We have maintained our 2024 momentum with solid wholesale numbers, n

On June 27, Nikola Motor announced that Walmart Canada’s new hydrogen fuel cell-powered electric semi-truck is now on the roads in Mississauga, Ontario as the retailer works towards a 100% alternatively-powered fleet.
Operating with zero tailpipe emissions, the Nikola Hydrogen Fuel Cell EV Class 8 tractor has a range

On May 21, at the ACT Expo 2024, Nikola Corp. announced that AiLO Logistics, a major drayage carrier operating in the Ports of Los Angeles and Long Beach, has placed a 100-truck order of Nikola hydrogen fuel cell electric vehicles (FCEVs) with deliveries scheduled for 2025.
“Having a prominent and mission-driven cust