Trevor Milton

Clean energy transportation company Nikola Corp. (NASDAQ: NKLA) announced the purchase of a battery company that could help bring its production in-house. What Happened: Nikola is acquiring Romeo Power (NYSE: RMO), a battery company that announced it was going public via SPAC merger back in October...

Electric vehicle stocks retreated along with the broader market in the week ending June 3, with Tesla, Inc. (NASDAQ: TSLA) leading the declines. The broader market paused for a breather after the previous week's back-end rally. A strong non-farm payrolls report released on Friday reignited...

Embattled EV maker Nikola Corporation (NASDAQ: NKLA) has decided to call a truce with the much larger Tesla Inc (NASDAQ: TSLA) in a 3-1/2 year patent infringement lawsuit. What Happened: Nikola and Tesla on Wednesday jointly filed a notice with the U.S. District Court of the ...

Nikola Corp (NASDAQ: NKLA) trucked higher Thursday morning after the company highlighted its first Tre battery electric vehicle delivery. Market Rebellion co-founder Jon Najarian decided to buy Nikola call options following the pop in share price. "I liked that action...

Electric vehicle manufacturers are staring at a huge market opportunity, and the arena provides scope for multiple players to compete profitably. BofA Securities analysts on Wednesday upwardly revised their price targets for a few EV OEMs. The EV Analysts: BofA's John Murphy maintained a...

In case you forgot, Nikola Corp (NASDAQ: NKLA) filed a $2 billion lawsuit against Tesla Inc (NASDAQ: TSLA) in 2018 over the similarity in design between the two companies' semi-trucks. The lawsuit could officially come to an end with Nikola ending communication with court officials....

Billionaire hedge fund manager Bill Ackman will be headed to court after a new lawsuit was filed on Tuesday related to his special purpose acquisition company (SPAC). What Happened? The New York Times reported that former SEC commissioner Robert Jackson and Yale Law School professor John...

Indicted Nikola Corp. founder Trevor Milton sold 7 million of his 79 million shares in the electric truck startup last week, pulling in $71.5 million that he may need for his legal fight against federal fraud charges. Separately, Bloomberg reported Milton has hired two lawyers who defended Tesla...

The founder and former CEO of Nikola Corporation (NASDAQ: NKLA) was recently arrested on fraud charges. Trevor Milton has hired a legal team with a history of defending some of the largest names. What Happened: Trevor Milton’s legal team includes Terence Healy, who represented Tesla Inc (...

A Tesla, Inc. (NASDAQ: TSLA) insider is selling shares, although it may not signal a red flag regarding the prospects of the company. What Happened: Robyn Denholm, chair of Tesla's board, sold 31,250 shares in different tranches at an average price of $714.19 per share, a Form 4 filing by...

A week ago, Nikola founder Trevor Milton was charged by the U.S. attorney's office in Manhattan with three counts of fraud in connection with the investigation into the electric vehicle startup. Milton says he is not guilty, but Nikola immediately distanced itself from the negative news. We asked...

Nikola Corp. is unlikely to sell any battery-electric trucks this year because of semiconductor shortages for critical components, but it will let select customers and dealers use the trucks to build mileage and get retrofits later. The company said Tuesday it expects to deliver 25-50 nonsaleable...

Tesla, Inc. (NASDAQ: TSLA) may soon begin deliveries of its Model Y, a midsize, all-electric SUV, in Hong Kong — a market CEO Elon Musk once dubbed as a "beacon city for EVs." What Happened: Model Y deliveries will begin in Hong Kong and Macau as early as September, the South...

NIO Inc. - ADR (NYSE: NIO) stock, which has been locked in a lackluster phase ever since it reached an all-time high in mid-January, showed signs of breaking out this week. Nio On an Intermediate-Term Uptrend: Nio bottomed at $30.71 May 13, the lowest since Oct. 30, when it settled at $...