Nikola Corporation
name
Nikola Corporation
id
NKLA
summary
Nikola Corporation, formerly known as Nikola Motor Company, is an American manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions. It was founded by Trevor Milton in 2014 in Salt Lake City, Utah, and is now based in Phoenix, Arizona. The company went public on June 4, 2020. Nikola has faced significant controversies, including securities fraud allegations and the indictment of its founder, Trevor Milton, for lying about nearly all aspects of the business. Despite these challenges, Nikola continues to develop and deliver electric vehicles, such as the Nikola Tre battery-electric semitrucks, and has ventured into hydrogen fuel production for semi-truck fuel stations.