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  1. News from Drive Tesla Canada
    Nikola secures deal with Proterra for long-term supply of EV batteries Nikola Motor Corp. has expanded their electric vehicle (EV) battery supply chain. The electric truck maker announced a new long-term deal with Proterra for a supply of batteries for its TRE semi trucks. According to a press...
  2. News from Drive Tesla Canada
    Nikola drops $2 billion patent infringement lawsuit against Tesla After recently settling with the US Securities and Exchange Commission (SEC) and agreeing to pay $125 million over federal security law violations, Nikola Corp. has dropped its $2 billion patent infringement lawsuit against...
  3. News from Drive Tesla Canada
    Nikola settles with US SEC for $125 million On Tuesday, Nikola settled with the US Securities and Exchange Commission (SEC) over federal security law violations. The company will pay a penalty of $125 million. The SEC noted that Nikola violated the federal securities law's antifraud and...
  4. News from Drive Tesla Canada
    Nikola delivers first two Tre battery-electric semi trucks While Nikola Corporation founder Trevor Milton continues to battle it out in court over charges of misleading investors, the company reached a major milestone this week. The company delivered its first two Tre battery-electric semi...
  5. News from Drive Tesla Canada
    Nikola founder Trevor Milton seeks to dismiss two counts of his indictment Founder of Nikola Corp, Trevor Milton, is hoping a federal judge will throw out two of three indictments accusing him of misleading investors. Milton filed multiple motions to dismiss charges on Wednesday, noting issues...
  6. News from Drive Tesla Canada
    Trevor Milton has cashed out $284 million of Nikola (NKLA) stock since being charged with fraud Even though he was forced to resign earlier this year, Trevor Milton was able to retain his shares in the company he founded, Nikola Corp. It turns out that was a good deal. Milton has now cashed...
  7. News from Drive Tesla Canada
    Nikola sets aside $125 million to pay SEC for Trevor Milton's misdeeds Nikola Corp. is expecting to pay a lot of money to the U.S. Securities and Exchange Commission (SEC) to settle the ongoing case against founder Trevor Milton. On Thursday the company announced it has reserved $125 million...
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