Recent events
Recent events tied to this brand in public sources.
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2021
Nikola agrees to SEC settlement over misstatements
Nikola agreed to pay $125 million over two years to settle an SEC complaint over fraud claims. The SEC order found that Nikola violated federal securities-law anti-fraud and disclosure-control provisions; Nikola neither admitted nor denied wrongdoing.
2021
Nikola discloses hydrogen fuel-cell truck lineup and production plans
Nikola disclosed details of its hydrogen fuel-cell vehicle lineup, including Tre FCEV variants, and said prototype production would begin in the second quarter of 2021, with production planned for the second half of 2023.
2020
Nikola and Republic Services end electric garbage truck development partnership
Nikola announced that it and Republic Services had ended their partnership to develop electric garbage trucks. The companies said the combination of new technologies and design concepts would make development take longer and cost more than expected; previously announced vehicle orders were also canceled.
2020
GM abandons planned Nikola investment and joint pickup production
General Motors and Nikola announced a new agreement under which GM would abandon its planned investment in Nikola and joint production of an electric pickup, while retaining a fuel-cell partnership.
2020
Tesla files counterclaims in Nikola design-patent dispute
Tesla filed an answer and counterclaims in the existing dispute with Nikola. Tesla alleged, among other things, that Nikola’s design patents were invalid or unenforceable and sought declaratory judgments and dismissal of Nikola’s claims; these are Tesla’s allegations, not court findings.
2020
Nikola chairman Trevor Milton steps down and Stephen Girsky succeeds him
Nikola founder and Executive Chairman Trevor Milton stepped down effective immediately, and Stephen Girsky succeeded him. The report says the change followed a short-seller report accusing Nikola of fraud; Nikola said the allegations were false and misleading.
2020
Nikola rejects allegations in short-seller report
Nikola responded to Hindenburg Research's allegations of fraud and false promotion of its technology, calling the short-seller report false and misleading. Nikola acknowledged that its first semi-truck had never moved under its own power, while disputing the report's characterization of its claims.
2020
Nikola responds to fraud allegations
Nikola responded to allegations made by Hindenburg Research, disputed the report’s claims, and said it was cooperating with the SEC.
2020
GM to take an 11 percent stake in Nikola
General Motors and Nikola announced that GM is taking an 11 percent stake in Nikola in exchange for services and access to GM parts and components.
2020
Nikola and General Motors announce strategic partnership
Nikola Corporation and General Motors announced a strategic partnership. Nikola will use GM's Ultium battery system and Hydrotec fuel cell technology, and GM will engineer, validate, and manufacture battery-electric and fuel-cell versions of the Nikola Badger.
2020
GM announces planned partnership with Nikola
General Motors announced plans to partner with Nikola Corporation, including manufacturing the Nikola Badger and using GM’s battery and fuel-cell technologies.
2020
Nikola announces Badger truck giveaway
Nikola CEO Trevor Milton announced that the company would give away a Badger truck, drawing a winner from people who place a $5,000 reservation.