All posts tagged: Nikola

Nikola Jokic named NBA Most Valuable Player for third time

Nikola Jokic named NBA Most Valuable Player for third time

[ad_1] Denver Nuggets center Nikola Jokic was named NBA Most Valuable Player (MVP) for the third time in four seasons on Wednesday, May 8. The 29-year-old Serbian star, who won the award in 2021 and 2022, finished runner-up in the voting in 2023 but had the satisfaction of leading the Nuggets to a first NBA title. This season he averaged 26.4 points, 12.4 rebounds and 9.0 assists in the regular season and beat out Oklahoma City Thunder star Shai Gilgeous-Alexander and Luka Doncic of the Dallas Mavericks in final voting for the award. In another season in which Jokic managed to make brilliance almost look routine, he became the second player, after Oscar Robertson, to record 2,000 points, 900 rebounds and 600 assists in a season. His 25 triple-doubles and 68 double-doubles were both second in the league. Jokic enters elite territory with a third MVP crown. Kareem Abdul-Jabbar’s six MVPs are the most ever. Bill Russell and Michael Jordan won five apiece and Wilt Chamberlain and LeBron James four. Jokic joins Moses Malone, Larry …

Nikola (NKLA) Q1 2024 numbers: Production and revenue down

Nikola (NKLA) Q1 2024 numbers: Production and revenue down

[ad_1] Nikola Corporation has posted its Q1 2024 financial report ahead of a call with investors this morning, and the numbers detail a commercial vehicle developer growing amid setbacks that arose last year. Today’s update mainly focuses on hydrogen as Nikola looks to execute deliveries while making good on issues with its BEV trucks. It’s been an eventful twelve months for Nikola Corporation ($NKLA). During its Q1 2023 financial report, the American commercial vehicle manufacturer hinted at a weaning down of staff and company spending to optimize hydrogen and BEV truck production. By Q2 2023, however, Nikola was presented with a significant issue as the Romeo Power battery packs in its BEV trucks started catching fire. The fire was not an isolated incident either; it warranted an investigation from the local fire department amid multiple fires, eventually leading to the automaker’s fourth CEO stepping down while Nikola’s stock tanked. Nikola had to recall all 209 BEV trucks in operation while it simultaneously worked to expand its lineup of hydrogen trucks. That process is going much …

Nikola Jokic Despicable Me 4 Ad Campaign Sees NBA Star Dress Like Gru

Nikola Jokic Despicable Me 4 Ad Campaign Sees NBA Star Dress Like Gru

[ad_1] In 2022, flocks of teenagers flocked to cinemas dressed in suits and tuxedos, there to see and celebrate the Illumination film Minions: The Rise of Gru. It was part of a trend, apparently developed organically, called #GentleMinions, of young fans celebrating (some, perhaps ironically) the film franchise they grew up with. Universal, which distributed the film, was, suffice it to say, thrilled, and the film ultimately delivered more than $939 million at the box office. This year, Illumination has another film in the franchise hitting theaters, Despicable Me 4, and the studio is once again betting on a dose of social media virality to kickstart its campaign, turning to an athlete known as “The Joker.” On Saturday, Nikola Jokić, the star NBA center for the Denver Nuggets, arrived for the team’s playoff game against the Los Angeles Lakers dressed suspiciously like Gru, the franchise’s protagonist. It quickly went viral, with memes and jokes all over TikTok, X, Instagram and other platforms. “I love the guy and I love the cartoon,” Jokić told reporters after …

Nikola inaugurates first HYLA modular hydrogen refueling station in Ontario, CA

Nikola inaugurates first HYLA modular hydrogen refueling station in Ontario, CA

[ad_1] Nikola, producer of fuel cell and battery electric semi trucks, held a grand opening for the first of its HYLA refueling stations. The goal is to build a hydrogen refueling network that can be rolled out quickly, and built up over time as fuel cell trucks become more common. There’s a big push for zero emission trucks in California right now, in response to California’s new truck regulations. That push is particularly focused on the trucking routes between the Ports of Los Angeles and Long Beach and the distribution centers of the Inland Empire – which Ontario lies at the heart of. For a zero emission truck, you’ve got basically two choices: batteries, or hydrogen fuel cells. Nikola sells both of these, but the problem with hydrogen is that the electrical grid is already built out, and there’s relative ease to add new chargers, whereas hydrogen fueling stations are a more involved effort. So Nikola created its HYLA concept, which allows it to roll out temporary refueling stations in targeted areas under more simplistic …

Biagi Bros. posts pictures of its ten Nikola hydrogen semis

Biagi Bros. posts pictures of its ten Nikola hydrogen semis

[ad_1] Just hours after Nikola announced that it had completed the first North American deliveries of its hydrogen fuel cell electric semi trucks, Biagi Bros. Logistics took to social media to post pictures of its new fleet of Nikolas. Plural. While we’ve seen a few stories about Nikola’s HFCEV semi trucks in recent weeks, all those pictures of trucks looked kind of alike. Like, if you were a NKLA skeptic, they looked enough alike that you could squint and convince yourself that they were all pictures of the same truck, maybe. The Biagi Bros. pictures? They’re different. For starters, despite the fact that I’ve enjoyed a great relationship with both Nikola and Bosch – Nikola’s fuel cell and drive unit supplier – and have even ridden around in the trucks at a number of different events, I’ve never seen this many Nikolas trucks in one place. Add to that their striking green and yellow liveries and I think you’ll agree: it’s an impressive display. Biagi Bros. Nikola hydrogen trucks “In a world that is quickly changing, innovation …

Nikola (NKLA) delivers first hydrogen fuel cell truck in the US

Nikola (NKLA) delivers first hydrogen fuel cell truck in the US

[ad_1] Nikola Corp (NKLA) announced it had delivered the first production hydrogen fuel cell truck in North America during the fourth quarter. The company said it also remains on track to deliver the first reworked battery electric trucks back to customers by the end of Q1. Nikola delivers first production hydrogen fuel cell truck “Today we’re sharing what we’ve accomplished and how we are providing fully integrated zero-emissions mobility solutions to fleets right now,” Nikola president and CEO Steve Girsky said. After announcing its fourth quarter and full-year 2023 results Thursday, Nikola had several exciting updates. The company delivered what it believes to be the first production Class 8 hydrogen fuel cell truck in North America. Nikola proved it can design, build, and deliver hydrogen fuel cell trucks. Nikola produced 42 hydrogen trucks, delivering 35 to dealers. The company reserved seven for testing and fleet demos. Girsky said on the earnings call that Nikola could have delivered more if it weren’t for supply chain issues. Customers include Biagi Bros, IMC Logistics, 4Gen/ Duncan and Sons …

Nikola Badger electric pickup makes a comeback in the most hilarious way

Nikola Badger electric pickup makes a comeback in the most hilarious way

[ad_1] The Nikola Badger electric pickup, one of the biggest blunders in the history of the EV space, is making a comeback in the most hilarious way: through a Youtuber friend of convicted felon Trevor Milton. There have been blunders in the EV spaces over the years, and GM has been involved with a few of them. Arguably, the Nikola Badger is one of the biggest ones because it helped push Nikola Motors’ market cap to a ridiculous $20 billion before getting completely wiped out. Shortly after Tesla unveiled the Cybertruck, Nikola announced its plans for the Badger with a battery/fuel-cell hybrid powertrain enabling 600 miles of range, 0-60 mph acceleration in 2.9 seconds, and released a few renders. Like most things Nikola, we didn’t take the project too seriously, but a few months later, GM was announced as a partner in the Badger program. However, the partnership didn’t last long as Nikola and its CEO at the time, Trevor Milton, were exposed for misleading investors about many aspects of their business, especially the technology in …

Nikola hydrogen FCEV semi completes 400 mile trip – is it enough?

Nikola hydrogen FCEV semi completes 400 mile trip – is it enough?

[ad_1] The port cartage and drayage specialists at Coyote Container successfully completed a 400-mile delivery in a Nikola Tre semi truck powered by a hydrogen fuel cell. William Hall, Managing Member and Founder of Coyote Container, drove the hydrogen Nikola over the hilly, 400-mile route that took the truck and its 17.7 ton trailer through California’s Altamont Pass and Grapevine Canyon on the I-5 interstate between the Port of Oakland and the Port of Los Angeles in Long Beach. One part of the trip, Tejon Pass, features an elevation that’s some 4160 feet above sea level. “The truck is a dream to drive and I arrived at Pier C with about 140 miles of remaining range,” explains Hall. “I drove conservatively and did the steep climbs at 40 mph, much as I would in a diesel with that load profile, though I could have easily gone 55 (mph).” Coyote Container’s Nikola Tre HFCEV semi was one of 35 hydrogen-powered trucks delivered to customers by Nikola late last year, and is reported to be the first …

Nikola founder Trevor Milton sentenced to 4 years for securities fraud

Nikola founder Trevor Milton sentenced to 4 years for securities fraud

[ad_1] Trevor Milton, the disgraced founder and former CEO of electric truck startup Nikola, was sentenced Monday to four years in prison for securities fraud. The sentence, by Judge Edgardo Ramo in the U.S. District Court in Manhattan, caps a multi-year saga that at one point sent Nikola stock soaring 83% only to come crashing down months later over accusations of fraud and canceled contracts. The sentencing hearing comes after four separate delays, during which Milton has remained free under a $100 million bond. In his ruling, Ramos said he would impose a sentence of 48 months on each count, served concurrently and a fine of $1 million. Milton, sobbed as he pled with Judge Ramos for leniency in a long and often confusing statement ahead of the sentencing. At one point, Milton said he stepped down from the CEO post at Nikola not because of fraud allegations but to support his wife. “I stepped down because my wife was suffering live threatening sickness,” he said in his statement, which reporter Matthew Russell Lee of …

Trevor Milton to reimburse Nikola 5M per arbitration proceeding

Trevor Milton to reimburse Nikola $165M per arbitration proceeding

[ad_1] Electric and hydrogen-powered heavy truck maker Nikola was awarded $165 million from its founder and former executive chairman, Trevor Milton, in an arbitration proceeding. Nikola said in a filing with the Securities and Exchange Commission that an arbitration panel in New York awarded the funds to Nikola on October 20. The company had sought reimbursement for “costs and damages arising from actions that were the subject of government and regulatory investigations,” including a December 2021 SEC settlement and an associated fine. Milton originally pleaded not guilty to securities fraud after allegedly misleading investors about the company’s technological and production capabilities. He was found guilty on three out of four counts of fraud in October 2022. The former executive, who resigned from Nikola in 2020, lost a bid for a new trial in August. After it was revealed that an infamous Nikola marketing video showing an 18-wheeler truck appearing to drive on its own electric power was, in reality, rolling down a hill, Nikola’s stock price took a hit and investors suffered heavy losses. Nikola …