Every EVXL story tagged “Nikola” — newest first.
Polestar will stop selling new cars in the United States starting with the 2027 model year after the Commerce Department’s Bureau of Industry and Security declined to grant it authorization under the Connected Vehicle Rule. The Swedish brand announced the decision on Thursday, June 25. It is the first automaker pushed out of the American…
We’ve been tracking the bidirectional charging space closely, and Polestar just made a significant move that deserves attention. The Swedish-Chinese automaker announced a partnership with Canadian startup Dcbel to bring vehicle-to-home (V2H) capability to Polestar 3 owners in California, making the luxury SUV double as a home backup battery capable of powering a house for…
The founders of Harbinger Motors have watched EV startups collapse from the inside. Now FedEx is betting they learned the right lessons. Harbinger Motors, a medium-duty electric truck chassis maker led by veterans of failed EV companies Faraday Future, Canoo, and CODA, just closed a $160 million Series C funding round co-led by FedEx. The…
Chinese-owned electric vehicle maker Polestar announced a reverse stock split on Wednesday as the struggling automaker fights to maintain its Nasdaq listing while reporting a widening third-quarter net loss of $365 million—up from $323 million in the same period last year. The financial engineering maneuver comes as the Geely-backed EV maker faces a perfect storm…
Tesla’s Chief Financial Officer, Vaibhav Taneja, received a staggering $139.5 million compensation package in 2024, making it the highest CFO pay on record since 2006, according to a recent report by The Wall Street Journal. This milestone comes as Tesla navigates a challenging period in the electric vehicle (EV) industry, marked by declining deliveries and…
On May 6, 2025, Lucid Group will unveil its first-quarter financials, a critical moment for the luxury electric vehicle (EV) maker as it gears up for the Lucid Gravity SUV launch. With Lucid’s Investor Relations reporting a 58% surge in Q1 deliveries (3,109 vehicles) compared to last year, investors and EV enthusiasts are eager to…
On April 13, 2025, Lucid Motors seized a pivotal opportunity by acquiring the Arizona facilities of Nikola, a once-hyped electric vehicle (EV) and hydrogen truck manufacturer, for $30 million following Nikola’s Chapter 11 bankruptcy filing in February. The deal, announced on April 13, 2025, encompasses Nikola’s truck business and customer relationships, providing Lucid with 884,000…
Electric Vehicle (EV) startups such as Nikola and Lordstown Motors are racing ahead, leaving a blazing trail on the stock market. Without an obvious reason or catalyst, these startups, often struggling with cash, are recording considerable weekly gains. Many attribute this to a potential squeeze in the high-profile, shorted stocks. Nikola, which has seen its…
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