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Nikola Founder Has Now Sold $317 Million of Stock Since Charges

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December 3, 2021
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Reuters

Nikola CEO: Inflation keeps clean truck costs higher than diesel

Supply-chain bottlenecks and broader price inflation have temporarily reversed the steady decline in electric vehicle battery prices and are keeping the costs of clean trucks higher than diesel vehicles, the CEO of electric and fuel cell truck maker Nikola Corp told Reuters. Nikola and its commercial truck partner, IVECO, have begun assembling the first of Nikola’s Tre BEV trucks, and are still expecting to begin regular production of those battery-electric trucks in the first quarter of 2022, Russell said.

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