After three attempts and a change in Delaware law, EV truck maker Nikola was able to get enough shareholders to vote on a proposal that will allow it to issue […]
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Back to news homeEV truck maker Nikola fails again to secure enough shareholder support to issue more shares
Nikola failed for the second time since June to get enough shareholders to vote on a proposal that would allow the EV truck maker to issue more shares in a […]
Nikola’s bid to increase shares stalls after failing to get enough shareholders to vote
Nikola failed to get enough investors to vote on a proposal that would allow the beleaguered electric truck company to issue more shares — and, in turn, raise more capital. […]
Tesla Cybertruck on track to launch summer 2023, Elon Musk says
Tesla CEO Elon Musk confirmed Wednesday that the automaker aims to launch its long-awaited Cybertruck mid-2023. “We are still expecting to be in production with the Cybertruck in middle of […]
Struggling EV startup Lordstown Motors loses GM as investor
General Motors sold its stake in Lordstown Motors, an electric vehicle startup that has struggled to get its first vehicle, the electric pickup truck Endurance, to production, reports the Detroit […]
Nikola reports EV truck progress, stiff losses as it closes out turbulent 2021
Nikola Corp., the electric truck startup that went public via a SPAC, is coming closer to commercial activity after a history of over-promising, missed deadlines and investigations into its founder […]
GM’s Chevy Silverado EV already has 110,000 reservations
General Motors said it has secured more than 110,000 reservations for its new all-electric Chevrolet Silverado, which includes reservations from more than 240 fleet operators, Chair and CEO Mary Barra […]
7 takeaways from Rivian’s IPO filing
Rivian, the electric automaker backed by Amazon, Ford and a cornucopia of heavy-hitting institutional investors like T. Rowe Price Associates and Coatue, finally made its once-confidential IPO filing public. The […]