Nikola is merging with VectoIQ as part of a move that will see the new company being listed on the NASDAQ at an estimated post-merger valuation of $3.3 billion. The new company will operate under the Nikola Corporation name and be listed under the stock ticker “NKLA.”
On Thursday, May 4th, Nikola Corporation slipped quietly onto the Nasdaq stock exchange under the ticker symbol NKLA, opening at $37.55 a share, and then it spent the rest of it’s debut week bouncing around near that price before more than doubling on Monday, May 8th, when it closed at $73.27.
Nikola Motors has partnered with IVECO to establish the manufacturing hub for its first production vehicle in Ulm, Germany. The facility will produce both the battery electric and fuel cell electric versions of the the company’s cab-over heavy duty truck for the European market, the Nikola TRE.
Trevor Milton, CEO of Nikola Motors, claims his company had acquired a startup that makes lithium-ion batteries that are smaller, lighter, and cheaper. Could it be true?
With so many big announcements in the spotlight at Nikola world, news that the company was also launching a line of power sport vehicles for civilian and military use understandably took a backseat. The Nikola Motor Company showed off its new NZT, which stands for Net Zero Toll as a nod to its zero emission electric powertrain. The company also built up another electric UTV that was built up for military use, where its near-silent electric powertrain and remote control capabilities offer more than just zero emissions to elite military personnel. Finally, Nikola took to the stage to show off a fully electric personal watercraft, dubbed the WAV.
Nikola Motors has big plans to disrupt the heavy trucking industry with a lineup of 3 hydrogen fuel cell and battery electric class 8 trucks. Its second vehicle, the Nikola Two hydrogen fuel cell truck, will debut at Nikola World next month. Just ahead of the big reveal, the company announced that it has purchased 400 acres of land in Arizona for its manufacturing facility in a deal with Arizona real estate developer Saint Holdings.
Welcome to our new weekly #CleanTechnica video recap of some of our favorite stories of the week. In this new feature, Alex Guberman from “E for Electric” and I provide our opinions on hot news from our decade+ of experience with electric vehicles.
Hydrogen truck company Nikola Motors announced today via Twitter that its upcoming Nikola Two and Nikola Tre would come to market in both a hydrogen and a battery electric build when they are unveiled at Nikola World 2019 next month.
Nikola Motors is hiring and is giving priority to former Tesla workers, especially those who were recently laid off. It claims to have $8 billion in pre-orders for its hydrogen fuel cell powered tractor.
Nikola Motors claims the Tesla Semi wrongfully incorporates design elements covered by its patents.
