Nikola Corp

Head of zero-emission truck venture found guilty of fraud

October 14, 2022 GMT

NEW YORK (AP) — The wealthy founder of Nikola Corp. was convicted Friday of charges he deceived investors with exaggerated claims about his company’s progress in producing zero-emission 18-wheel trucks fueled by electricity or hydrogen.

Nikola founder’s trial ready for jury after final arguments

By LARRY NEUMEISTEROctober 13, 2022 GMT

NEW YORK (AP) — The fate of Nikola Corp ’s founder will be in the hands of a jury after he was portrayed Thursday in closing arguments by a prosecutor as a habitual liar, and by his lawyer as an inspiring visionary being unjustly prosecuted.

Nikola CEO testifies that company’s founder misstated facts

By LARRY NEUMEISTERSeptember 19, 2022 GMT

NEW YORK (AP) — Nikola Corp.’s top executive testified at the trial of the truckmaker’s founder on Monday, saying he repeatedly tried without success to rein in a man prone to exaggeration and misstating facts while trying to elevate his company's share price with promises he couldn't keep.

Nikola Corp. founder accused of fraud in trial’s opening

By LARRY NEUMEISTERSeptember 13, 2022 GMT

NEW YORK (AP) — A prosecutor accused the founder of a company that claimed it built zero-emission trucks of lying to investors to make himself a billionaire, but his lawyer insisted Tuesday in opening statements of a fraud trial that his client was an enthusiastic visionary being unjustly prosecuted.

Fraud trial begins for founder of automaker Nikola

September 12, 2022 GMT

NEW YORK (AP) — Trevor Milton, the founder of the automaker Nikola Corp., went on trial Monday on charges that he whipped up an investor frenzy for the startup company with false claims about its ability to produce trucks that run on electricity or hydrogen fuel cells.

Nikola: Q2 Earnings Snapshot

August 4, 2022 GMT

PHOENIX (AP) _ Nikola Corp. (NKLA) on Thursday reported a loss of $173 million in its second quarter.

The Phoenix-based company said it had a loss of 41 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 25 cents per share.

Nikola: Q1 Earnings Snapshot

May 5, 2022 GMT

PHOENIX (AP) _ Nikola Corp. (NKLA) on Thursday reported a loss of $152.9 million in its first quarter.

On a per-share basis, the Phoenix-based company said it had a loss of 37 cents. Losses, adjusted for stock option expense and non-recurring costs, were 21 cents per share.

Uber, Ollie’s rise; KB Home, Steelcase fall

March 24, 2022 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday:

Uber Technologies Inc., up $1.64 to $34.70.

The company is partnering with Curb, a ride-hailing app for licensed taxi and for-hire rides.

Nikola: Q4 Earnings Snapshot

February 24, 2022 GMT

PHOENIX (AP) _ Nikola Corp. (NKLA) on Thursday reported a loss of $159.4 million in its fourth quarter.

The Phoenix-based company said it had a loss of 39 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 23 cents per share.

AT&T, Walmart rise; PG&E, Catalent fall

January 5, 2022 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:

AT&T Inc., rose 57 cents to $26.21.

The telecommunications company gave investors an encouraging update on fourth-quarter subscriber results.

Nike, Micron rise; General Mills, Newmont fall

December 21, 2021 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:

Nike Inc., up $9.65 to $166.63.

The athletic apparel maker beat Wall Street's fiscal second-quarter profit and revenue forecasts.

EV start-up Nikola settles with US for $125 million

By MICHELLE CHAPMANDecember 21, 2021 GMT

Electric and hydrogen-powered truck startup Nikola has agreed to a $125 million settlement over charges that it defrauded investors after misleading them about its products, technical advances, and financial prospects.

Nikola founder Milton freed on $100M bail after fraud arrest

By LARRY NEUMEISTERJuly 29, 2021 GMT

NEW YORK (AP) — The founder and one-time executive chair of Nikola Corp. was freed on $100 million bail Thursday after pleading not guilty to charges alleging he lied about the electric and hydrogen-powered truck startup, duping novice investors including some financially struggling people looking for income during the pandemic.