nikola

With just under $50 million in cash on hand (but massive debts accumulated over the years), Nikola now wants to meet the needs of the case and begin orderly dismantling operations. Specifically, a portion of the cash will be used, as detailed in the very statement, for dealer support and management ...

Upon installation of new assets, which were recently delivered on January 27, this year, the Company’s Fullerton facility will have the following battery production lines and testing capabilities. Mullen had already purchased the assets that belonged to Romeo Power, in turn acquired by Nikola a few ...

The Arizona-based truck manufacturer is running out of money. It's not easy to make money and return on the huge investments made to start production in Phoenix in the current, challenging hydrogen market in the U.S.

Media reports say that the manufacturer has got the money to survive no longer than one quarter in 2025. Nikola managed to sell something like 200 hydrogen fuel cell trucks in the first 3 quarters of the year. At the same time, the company has been facing trouble for quite a long time, with the need...

Due to high production costs, Nikola might leave 135 people at home, about 15% of the company's overall workforce. The U.S.-based truck maker laid off more people in 2022 and in 2023.

“This is a record sales quarter for Nikola, with 88 hydrogen fuel cell electric trucks wholesaled to our dealers for end customers, as well as the addition of a first-ever U.S. dealer-based HYLA modular refueling station,” said Nikola CEO Steve Girsky. “Despite overall market headwinds, Nikola remai...