Nikola

Hydrogen players lay groundwork for fueling-speed parity with diesel

Key players in hydrogen fueling, including Shell, Nikola Corp. and Toyota Motor Corp, have reached agreement on standard hoses and nozzles that will put filling a fuel cell truck on par with the time it takes to refuel a diesel truck.

Hydrogen already has a speed advantage over battery-electric trucks (BETs), which take longer to recharge than it takes to fill a hydrogen-powered fuel cell truck. Fuel cell electric truck (FCET) backers point to the adoption of common equipment and a filling speed...

https://www.freightwaves.com/news/hydrogen-players-lay-groundwork-for-fueling-speed-parity-with-diesel

Trouble for Trevor Milton ー Freightonomics

Trevor Milton, founder and former chairman of Nikola Corp., was handed down three federal fraud charges Thursday morning for his alleged involvement in misleading investors and retailers about Nikola’s true equipment capabilities. 

On this episode of Freightonomics, Zach Strickland and Anthony Smith talk about what this means for Nikola as a whole and how it changes public perception of the company. They host Detrioit Bureau Chief Alan Adler, who provides some perspective on the situation. 

Adler...

https://www.freightwaves.com/news/trouble-for-trevor-milton-ー-freightonomics

NZCS chat recap: Driving down the cost of hydrogen

This fireside chat recap is from FreightWaves’ Net-Zero Carbon Summit.

FIRESIDE CHAT TOPIC: Pathway to profit — driving down the cost of hydrogen 

DETAILS: As hydrogen grows in consideration as a fuel source for long-haul trucking, Nikola Motor Corp.’s Pablo Koziner is tasked with finding ways to bring down the cost of making the fuel to profitably power the company’s fuel cell trucks in the U.S. and Europe.

SPEAKER: Koziner is president of Nikola Energy.

BIO: Koziner leads Nikola’s hydrogen...

https://www.freightwaves.com/news/nzcs-driving-down-the-cost-of-hydrogen

Viewpoint: The role SPACs play for FreightTech founders today

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

The world of investing has heard a lot about SPACs in just the past year. What used to be an avoided alternative to IPOs is now getting a spotlight for the advantages it brings in the current market conditions. As SPACs take off, particularly within the technology sector, it signals a good outlook for FreightTech founders and their startup companies. SPACs are a...

https://s29755.pcdn.co/news/viewpoint-the-role-spacs-play-for-freighttech-founders-today

GSCW chat recap: Duchesne on Nikola’s Arizona plant

This fireside chat recap is from Day 4 of FreightWaves Global Supply Chain Week. Day 4 focuses on automotive.

FIRESIDE CHAT TOPIC: Nikola’s first plant blooming in the Arizona desert

DETAILS: Mark Duchesne brought diverse manufacturing experience to Nikola Corp., having helped build a plant for Toyota in China and make startup car building decisions at Tesla Inc. He is applying the best of both to Nikola as it builds its electric truck plant in the Arizona desert.

SPEAKER: Duchesne, global head of...

https://s29755.pcdn.co/news/gscw-chat-recap-duchesne-on-nikolas-arizona-plant

SPACs aren’t out of whack in 2020 (with video)

SPACs— special purpose acquisition corporations — have come a long way from being regarded as the “skunk at the garden party” to a welcome investment vehicle.

“It’s a pretty tricky world, especially given all the filing requirements with the SEC and the interaction that is required with public equity investors,” said John Larkin, an operating partner at Clarendon Capital, a private equity firm that invests solely in transportation and logistics companies. 

During a virtual fireside chat Friday as...

https://www.freightwaves.com/news/spacs-arent-out-of-whack-in-2020-with-video

FreightCasts Weekly Recap (9/21-9/27)

You can find every FreightWaves podcast conveniently in one feed via the free FreightCasts channel on freightwaves.com/podcasts, iTunes, Spotify or wherever podcasts are found. 

Subscribe to FreightCasts and never miss a FreightWaves podcast.

The full list of FreightWaves media can be streamed via the FreightWavesTV app available for your smartphone, Apple TV, Roku and Fire TV. The app is free on all platforms.

Users of the FreightWavesTV app also have access to a full lineup of FreightWavesTV...

https://www.freightwaves.com/news/freightcasts-weekly-recap-9-21-9-27

Investor lawsuits mount against Nikola, founder Trevor Milton

Nikola founder Trevor Milton has resigned

At least three class-action lawsuits have been filed against Nikola Corp. (NASDAQ: NKLA) and its founder and former executive chairman, Trevor Milton, since short seller Hindenburg Research published its damaging report about the electric truck startup on Sept. 10.

The lawsuits claim that Nikola, Milton and other key executives misled investors about the company’s technological accomplishments.

The lawsuits seek to recover damages for Nikola investors after stock prices plummeted following...

https://s29755.pcdn.co/news/investor-lawsuits-mount-against-nikola-founder-trevor-milton

Update: Nikola Motors’ Trevor Milton makes resignation official

Nikola executive chair with Budweiser Clydesdales

On late Sunday night, FreightWaves broke the story of Trevor Milton voluntarily stepping down from the Nikola Motors (NASDAQ:NKLA) board. A few hours later, Nikola Motors made the resignation official in a press release:

Nikola Corporation (NASDAQ: NKLA) today announced that Trevor Milton approached the Board of Directors and proposed to voluntarily step aside as Executive Chairman and from the Board. The Board accepted his proposal, and Stephen Girsky, former Vice Chairman of General Motors...

https://s29755.pcdn.co/news/update-nikola-motors-trevor-milton-makes-resignation-official

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