Under his leadership, the company announced in August 2016 that it would be building a hydrogen fuel-cell truck, showing off a prototype in December 2016 at a massive launch event that later became infamous and a key part of the fraud case against Milton. A video that seemingly showed the ...
Hydrogen truck manufacturer Nikola has today (Thursday) announced that it has sold 35 hydrogen trucks wholesale since serial production started in September, with the revenue from its fuel-cell electric vehicles (FCEVs) to be recognised for the first time in its end of year results. “What an ...
Nikola: Rewarding Push Into Hydrogen Wall Street lost interest in Nikola (NKLA) ever since fraud allegations forced founding CEO Trevor Milton to leave the company. However, the electric truck maker has quietly moved forward with business plans. After being the original EV hype stock, Nikola still...
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Hindenburg said Nikola’s success was an “intricate fraud,” including a video showing a truck rolling downhill to give the impression it was cruising on a highway, and stenciling the words “hydrogen electric” on the side of a vehicle that was actually powered by natural gas. ...
Hindenburg said Nikola's success was an "intricate fraud," including a video showing a truck rolling downhill to give the impression it was cruising on a highway, and stenciling the words "hydrogen electric" on the side of a vehicle that was actually powered by natural gas. ...
As it turns out, building a zero-emission hydrogen truck is rather difficult. However, merely stenciling “H2” and “Zero Emission Hydrogen Electric” on the side of a non-functioning truck is much easier. Trevor had H2 stenciled on the side of the Nikola One despite the reality that the...
US authorities in July charged Milton for "brazenly and repeatedly" making false claims about the prospects for the company's hydrogen- and battery-electric vehicles. Milton, who is fighting the charges, resigned from the company in September 2020 amid the fraud allegations. ...
If the pilot program goes well, Nikola plans to deliver 30 Tre BEVs and 70 Tre hydrogen fuel-cell trucks to the same company in the next two years. Electric-truck startup Nikola has had a bumpy ride. Last year, founder and executive chairman Trevor Milton stepped down amid fraud investiga...
Prosecutors have said Milton sought to deceive investors about the electric- and hydrogen-powered truck maker’s technology starting in November 2019. He left the company in September 2020 after a report by short seller Hindenburg Research called the company a “fraud.” “He lied to dupe innoc...