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Troubled electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection. The company, once a rising star on Wall Street, became enmeshed in scandal and its founder was convicted in ...
Legal questions now loom after electric truck entrepreneur, Trevor Milton, stepped down Monday as executive chairman and board member of his newly public company Nikola.
Nikola's cash and cash equivalents fell sharply to $198.3 million at the end of September, compared with $464.7 million at the end of 2023. Its shares have lost more than 99% of their value since ...
Trevor Robert Milton (born April 6, 1982) is an American entrepreneur and convicted felon, founder and former executive chairman of Nikola Corporation, a company focused on developing hydrogen and electric-powered commercial vehicles.
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. [2] It presented several concept vehicles from 2016 to 2020, the first of which was a natural gas fueled turbine-electric semi truck. [3]
Nikola said in the filing that it plans to file with the arbitration panel an application to recover attorneys' fees related to the matter. Shares of the Phoenix-based company soared more than 19% ...
Fisker Automotive was an American automobile company. It produced the Fisker Karma, which was one of the world's first production luxury plug-in hybrid electric vehicles. ...
Milton, 41, founded Nikola in 2014 and stepped down as CEO in September 2020 — about three months after the company went public. Prosecutors said Nikola’s retail investors lost more than $660 ...