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    Nikola Corp

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    • Friday, 31 March, 2023
      Lex
      Nikola: electric vehicle stocks keep rolling downhill Premium content

      Rough road ahead for EV start-ups but the long-term trends are in their favour

    • Friday, 14 October, 2022
      Trevor Milton
      Nikola founder Trevor Milton convicted of fraud

      Federal prosecutors had accused him of misleading investors to drive up the share price of electric vehicle company

    • Wednesday, 12 October, 2022
      Behind the Money podcast20 min listen
      An electric truck start-up founder goes to trial

      Trevor Milton and his electric vehicle start-up Nikola became Spac darlings in 2020. Then it all came crashing down

    • Tuesday, 13 September, 2022
      Nikola founder Trevor Milton accused of misleading investors at fraud trial

      Defence calls electric truck entrepreneur an innocent victim of ‘prosecution by distortion’

    • Monday, 1 August, 2022
      Lex
      Nikola/Romeo Power: auto tech stars forced into distressed consolidation Premium content

      Electric truckmaker’s deal for battery group is a measured bet on buying and operating a supplier

    • Tuesday, 3 May, 2022
      Industrials
      Raising Arizona (rescue debt)

      Two pandemic darlings in Phoenix fall on hard times

    • Monday, 2 May, 2022
      Lex
      Nikola: fallen Spac darling now dependent on rescue capital Premium content

      With financing markets no longer lenient, any interim capital needs come with painful terms

    • Wednesday, 22 December, 2021
      Due Diligence
      Dealmakers’ worst nightmare: antitrust agencies form their own monopoly Premium content

      Plus, Nikola settles with the SEC, and GSK makes a move in its activist battle

    • Tuesday, 21 December, 2021
      Lex
      Nikola: electric truck start-up drives away from founder

      US carmaker delivers first vehicles and agrees to pay SEC $125m to settle charge related to former boss Trevor Milton

    • Tuesday, 21 December, 2021
      Electric truck group Nikola pays $125m to settle SEC fraud charges

      US regulator accused ex-chief Trevor Milton of misleading investors on vehicles’ capabilities

    • Thursday, 4 November, 2021
      Nikola expects to pay $125m in SEC settlement

      Electric truck start-up says it will seek repayment from its founder with who it is in dispute with over legal fees

    • Wednesday, 15 September, 2021
      News in-depth
      Nikola shows its first viable electric truck to the world: ‘It’s real!’

      Group unveils vehicle after it was accused of faking video of a prototype by rolling it down a hill

    • Tuesday, 3 August, 2021
      Nikola slashes delivery and sales projections for 2021

      Electric truckmaker says supply chain shortages could prevent it from booking revenue

    • Friday, 30 July, 2021
      Due Diligence
      The face of the Spac boom is accused of misleading investors Premium content

      Plus, a much-awaited report on the Archegos crisis and private equity’s involvement in the UK’s most beloved institution

    • Thursday, 29 July, 2021
      Electric vehicles
      Nikola founder Trevor Milton charged with making false statements

      US prosecutors allege he ‘told lies to generate demand’ for truck start-up’s stock

    • Saturday, 19 June, 2021
      News in-depthSpecial purpose acquisition companies
      Nathan Anderson, the Hindenburg founder taking on Spacs

      Short seller has dropped his latest bombshell by targeting blank cheque darling DraftKings

    • Friday, 7 May, 2021
      Electric truckmaker Nikola receives new SEC subpoena

      US regulator is examining start-up’s plans to raise new capital from investors

    • Saturday, 3 April, 2021
      Trevor Milton
      Nikola founder sells shares for $49m

      Trevor Milton offloaded stock while electric truck start-up faces investigations

    • Tuesday, 16 March, 2021
      Nikola plans to raise up to $100m from investors

      Electric vehicle start-up plans on using funds to build a factory in Phoenix and develop semi-trucks

    • Wednesday, 3 March, 2021
      Electric vehicles
      Nikola dropped claim on truck weight after US investigations began

      Description of the Tre as being ‘light as comparable diesels’ disappeared from electric vehicle maker’s website

    • Friday, 26 February, 2021
      Nikola internal review finds several of founder’s claims ‘inaccurate’

      Law firm hired by electric truckmaker lists nine inaccurate statements by founder Trevor Milton

    • Friday, 25 December, 2020
      Due Diligence
      The best of DD’s corporate finance coverage in 2020 Premium content

      We’re counting down our top-10 topics of the year

    • Wednesday, 23 December, 2020
      LexMergers & Acquisitions
      Spacs/Nikola: fresh-baked fruitcake Premium content

      Main outputs at the moment are glossy PR and optimistic profit projections

    • Sunday, 6 December, 2020
      The Big Read
      Nikola: the clues in Trevor Milton’s past that investors missed or ignored

      Allegations about the founder’s business practices and personal life continue to raise due diligence concerns in the truck start-up

    • Monday, 30 November, 2020
      Nikola shares drop after GM scales back plans with start-up

      Truckmaker kills off Badger pick-up project and will have to reimburse customer deposits

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