Nikola could pursue areas where solar, wind, hydro and nuclear energy are available in abundance. There is now a template we can take into other jurisdictions, he said. We can produce in large amounts where we have the lowest costs. And then we can move the hydrogen by truck either in two trailers compressed or in cryogenic trailers as liquid.
The Trevor factor
From Nikola s founding in 2014, Milton was the face of the company. But the company, not Milton personally, could bear the brunt of any civil penalties resulting from Securities and Exchange Commission and Department of Justice probes. Nikola already has spent more than $27 million on legal fees for Milton and other expenses related to the Hindenburg report.
Nikola Corp. said that its long-range fuel-cell semi-truck will get as much as 900 miles on a tank of hydrogen when it comes out in 2024, as the startup works to bolster its position in the increasingly competitive field of zero-emission freight vehicles.
The company released an update after having originally said that the Nikola Two fuel-cell vehicle would go at least 750 miles on a tank of hydrogen. Nikola also affirmed that its Tre shorter-range fuel-cell truck, which can run 500 miles, remains on schedule to start production in the second half of 2023.
The update is meant to show that Nikola is making progress as rivals muscle in to sell hydrogen freight haulers. Last month, established semi-truck producer Navistar International Corp. said it plans to enter the market in 2023 using a fuel-cell system from Nikola supplier General Motors Co.