Startup bubble fueled by Fed’s cheap money policy finally burst in 2023

[ad_1] Scooters take over SXSW in Austin, TX As the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and…

Nikola founder Trevor Milton to be sentenced for federal fraud charges

[ad_1] Trevor Milton, founder of Nikola Corp., exits court in New York, US, on Monday, Sept. 12, 2022. Stephen Yang | Bloomberg | Getty Images Nikola Founder Trevor Milton is…

Cruise is in danger of becoming GM’s latest trendy venture that doesn’t pay off

[ad_1] DETROIT — General Motors‘ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started…

Nikola’s loss widens following a costly recall of its battery-electric semi trucks

[ad_1] Nikola TRE FCEV2 Courtesy: Nikola Electric truck maker Nikola said Thursday that it has received nearly 300 orders for its new hydrogen fuel cell semitruck – but it’s facing…

Nikola stock surges 9% after disgraced founder Trevor Milton ordered to repay $165 million

[ad_1] Nikola’s founder and former CEO, Trevor Milton, was found guilty on three counts of fraud in October 2022. Massimo Pinca | Reuters Shares of electric truck maker Nikola traded…

Hindenburg Research targets $4.6 billion Kazakh brokerage for allegedly helping Russian oligarchs evade sanctions

[ad_1] Freedom Holding CEO Timur Turlov in a Freedom office in Moscow, Russia, Oct. 10, 2019. Maxim Shemetov | Reuters Hindenburg Research, the prominent short seller that’s bet against Jack…

Nikola shares fall after EV maker recalls all of its battery-electric semitrucks following a fire

[ad_1] A battery-electric Nikola Tre semitruck. Nikola is recalling all of the battery-electric Tres to repair a flaw in their battery packs that could start a fire. Five battery-electric Tres…

Nikola shares sink 26% after messy second quarter, CEO departure and news of a stock sale

[ad_1] Shares of electric truck maker Nikola fell more Friday after a complicated second-quarter report. Nikola said Friday its CEO will step down effective immediately due to a “family health…

Nikola loss narrows as production of fuel-cell semitruck begins; company says CEO to step down

[ad_1] Nikola TRE FCEV2 Courtesy: Nikola Electric truck maker Nikola said on Friday that its CEO, Michael Lohscheller, will step down effective immediately due to a “family health matter.” Nikola’s…

Nikola wins shareholder approval to issue new stock, paving the way for significant fundraise

[ad_1] Nikola Tre BEV Courtesy: Nikola Electric truck maker Nikola won shareholder approval to issue new stock, the company said late on Thursday. The vote paves the way for Nikola to…