Hydrogen electric trucking startup Nikola Corp. filed for Chapter 11 bankruptcy protection Wednesday after it failed to find a buyer or secure additional funds to maintain operations. Nikola was once a Silicon Valley darling, valued at $30 billion in June 2020 after it went public through a special purpose acquisition merger. But a series of […]
Troubled electric truck maker Nikola files for bankruptcy Read More »
The Department of Transportation announced Friday another $636 million in funding that will be awarded to 49 applicants for electric vehicle charging infrastructure — and Tesla’s application for nearly $100 million to fund a big rig charging corridor was once again passed over. Tesla’s name was not among the list of recipients released, and its partner
Biden admin snubs Tesla’s $100 million big-rig charging funding request — again Read More »
Nikola Corp., a producer of battery and hydrogen-electric trucks, has taken several steps to repay its debts and raise equity, including offering up to $100 million in a common stock sale. The beleaguered company is still dealing with the aftershocks of its founder, Trevor Milton, being convicted of fraud for making exaggerated claims about the
Troubled electric truckmaker Nikola offers up to $100 million in common stock Read More »
