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Nikola said Milton's social media post "misstates the facts," adding in a statement to Reuters that the proposal to increase its share base could pass without his support. Nikola postponed a vote on the plan to July 6, after failing to secure enough support at a shareholder meeting last week. The share issue is critical for the company which, like other electric vehicle makers, is facing a cash crunch and weak demand. "The company does not need new shares, they need new leadership," he said. Nikola has been urging shareholders for weeks to vote in favor of its Proposal 2, saying "without these additional shares, Nikola's ability to continue its ongoing operations and objectives, including Nikola's need for capital, will be out of reach."
Persons: Trevor Milton, Nikola, Milton, Abhirup Roy, Sonali Paul Organizations: Nikola, FRANCISCO, Reuters, LinkedIn, bourse, Thomson Locations: San Francisco
Nikola Olic, a Serbian photographer based in Dallas, creates abstract two-dimensional images of buildings and other architectural objects. In doing so, he reimagines his subjects in playful, dimensionless and disorienting ways. Follow Mr. Olic’s work on his website and on Instagram.
Persons: Nikola Olic, Olic’s Locations: Serbian, Dallas, Instagram
Electric-truck maker Nikola laying off 270 employees
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +1 min
Companies Nikola Corp FollowJune 16 (Reuters) - Nikola (NKLA.O) said on Friday it would lay off a total of 270 employees, as the electric-truck maker looks to cut costs and sharpen its focus on the North American marketplace. Of the 270 employees impacted, 150 were supporting Nikola's European operations and 120 were based at its sites in Phoenix and Coolidge. The decision would help Nikola reduce personnel-related cash spend by $50 million annually, the company said. Annual cash usage for the company was expected to decrease to under $400 million by 2024, Nikola added. Investors have been closely scrutinizing cash reserves at Nikola and other electric-vehicle makers amid fears slowing sales could push the companies to pursue more share disposals to raise funds.
Persons: Nikola, NKLA.O, Trevor Milton, Niket, Krishna Chandra Organizations: Nikola Corp, U.S, U.S . Federal, Thomson Locations: American, U.S ., Phoenix, Coolidge, Bengaluru
Electric-vehicle startups set to extend blistering rally
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Dado Ruvic/Illustration/File PhotoJune 16 (Reuters) - Electric-vehicle startups from Nikola (NKLA.O) to Lordstown Motors (RIDE.O) were set on Friday to extend a blistering rally in their shares that has put the cash-strapped companies on track for hefty weekly gains. For instance Nikola, which has more than doubled in value this week, has a short interest of 15.7%, according to Refinitiv. The EV startups, meanwhile, have added over $500 million to their collective market value. Nikola shares were 20% higher before the bell on Friday at $1.65, on course to stay above the minimum level for the third straight session. Still, many challenges remain for the EV startups, evidenced by the year-to-date stock price declines of 35% and 75% seen at Nikola and Lordstown, respectively.
Persons: Dado Ruvic, Nikola, Lordstown, Foxconn, Aditya Soni, Akash Sriram, Shounak Dasgupta Organizations: REUTERS, Nikola, Lordstown Motors, EV, U.S, Faraday, Nasdaq, Thomson Locations: Morgan, Bengaluru
CNN —For most people, after winning the NBA Finals MVP trophy, you wouldn’t let it out of your sight. But Nikola Jokić is not most people, and the Denver Nuggets star seemed to have misplaced his award. After dominating in the Denver Nuggets’ 4-1 NBA Finals win over the Miami Heat, Jokić deservedly picked up the award given to the best player throughout the series. The Denver Nuggets' Championship Celebration gets underway Thursday. The Denver Nuggets’ championship celebration starts with a pre-rally at 11:00 a.m.
Persons: Nikola Jokić, Jokić deservedly, Jokić, ESPN’s Malika Andrews, Russell, Andrews, , ” Jokić, Sparky Gonzales ’, ” Andrews, , Isaiah J, Downing, ’ Jokic, Don’t, ESPN’s Lisa Salters, , Garrett Ellwood Organizations: CNN, NBA, Denver Nuggets, Miami Heat, Serbian, USA, Reuters, Star, The Denver Nuggets, Union Station Locations: Serbia, Denver
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Persons: Dow Jones, nikola Locations: denver
Nikola Jokic #15 of the Denver Nuggets rebounds the ball in Game Five of the 2023 NBA Finals at Ball Arena on June 12, 2023 in Denver, Colorado. Nikola Jokic guided Denver to its first NBA title in team history Monday night, as the Nuggets overcame dreadful shooting and a late flurry from Miami's Jimmy Butler to squeeze past the Heat for a frantic 94-89 victory in Game 5. He made two more free throws with 1:58 remaining to help Miami regain a one-point lead. Then, Bruce Brown got an offensive rebound and tip-in to give the Nuggets the lead for good. Brown made two free throws to put the game out of reach and clinch the title for Denver.
Persons: Nikola Jokic, Jimmy Butler, Jokic, , Butler, Bruce Brown, Butler jacked, Brown Organizations: Denver Nuggets, Ball Arena, NBA, Nuggets, Denver, Miami Locations: Denver , Colorado, Denver
Denver Nuggets beat Miami Heat to win first NBA title
  + stars: | 2023-06-13 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Jun 12, 2023; Denver, Colorado, USA; Denver Nuggets center Nikola Jokic (15) battles for a rebound against Miami Heat forward Jimmy Butler (22) and center Bam Adebayo (13) during the third quarter of game five of the 2023 NBA Finals at Ball Arena. Mandatory Credit: Isaiah J. Downing-USA TODAY SportsJune 12 (Reuters) - Led by 28 points from Nikola Jokic, the Denver Nuggets beat the Miami Heat 94-89 on Monday to bring a first NBA title to Mile High City. With a raucous capacity crowd packed into Ball Arena ready to celebrate, the Nuggets ended a 47-year championship wait by taking the best-of-seven series 4-1. Of the 36 teams that have fallen behind 3-1 in an NBA Finals only one, the 2016 Cleveland Cavaliers, came back to claim the Larry O’Brien Championship Trophy. Making the task even more daunting, Ball Arena has been a virtual fortress for the Nuggets, who were 9-1 at home during the postseason.
Persons: Nikola Jokic, Jimmy Butler, Bam Adebayo, Isaiah J, Downing, Jokic, Michael Porter Jr, Larry O’Brien, Steve Keating, Christian Schmollinger Organizations: Denver Nuggets, Miami Heat, Ball, USA, NBA, Nuggets, Milwaukee Bucks, Milwaukee Bucks , New York Knicks, Boston Celtics, Cleveland Cavaliers, Thomson Locations: Denver , Colorado, USA, High City, Serbian, Milwaukee Bucks ,, Miami, Toronto
Finals MVP Jokic gives Serbia another sports hero to celebrate
  + stars: | 2023-06-13 | by ( ) www.reuters.com   time to read: +2 min
[1/5] Jun 12, 2023; Denver, Colorado, USA; The Denver Nuggets celebrate after center Nikola Jokic (15) was awarded the Bill Russell NBA Finals MVP Award after winning the 2023 NBA Finals against the Miami Heat at Ball Arena. Mandatory Credit: Kyle Terada-USA TODAY SportsJune 13 (Reuters) - A day after Novak Djokovic won his 23rd Grand Slam title at the French Open, Serbia had another sporting hero to celebrate on Monday when Nikola Jokic was named Most Valuable Player of the NBA Finals after leading the Denver Nuggets to a first championship. "It's got to be," smiled Jokic, when asked if this was the golden era for Serbian athletes. Jokic was the clear choice to win the Bill Russell Trophy as the NBA Finals MVP after the Serbian big man averaged 30.2 points, 14.0 rebounds and 7.2 assists. The 41st pick in the 2014 NBA draft, Jokic becomes the lowest-drafted player in NBA history to be named Finals MVP and the first player drafted outside of the top 15 to win the award.
Persons: Nikola Jokic, Russell, Kyle Terada, Novak Djokovic, Jokic, It's, Djokovic, Roland Garros, Casper Ruud, Bill Russell, Stan Kroenke, Larry O'Brien, I've, Steve Keating, Peter Rutherford Organizations: The Denver Nuggets, Miami Heat, Ball, NBA, Denver Nuggets, Nuggets, Serbian, Thomson Locations: Denver , Colorado, USA, Serbia, Serbian, Toronto
June 12 (Reuters) - The Denver Nuggets beat the Miami Heat 94-89 on Monday to bring a first NBA title to Mile High City, with Serbian big man Nikola Jokic scoring 28 points and being named the Most Valuable Player of the Finals. With a raucous capacity crowd packed into Ball Arena ready to celebrate, the Nuggets ended a 47-year championship wait by taking the best-of-seven series 4-1. "The job is done, we can go home now," said Jokic, whose trophy case also includes two NBA MVP Awards. [1/7] Jun 12, 2023; Denver, Colorado, USA; The Denver Nuggets celebrate after winning the 2023 NBA Finals against the Miami Heat at Ball Arena. But after a timeout the refocused Heat went on a 11-2 run of their own to retake lead as a wild opening quarter ended with Miami up 24-22.
Persons: Nikola Jokic, Jokic, I'm, Michael Porter Jr, Jamal Murray, Jimmy Butler, Larry O’Brien, Kyle Terada, Tyler Herro, Butler, Bruce Brown, Michael Malone, I've, ” Malone, Steve Keating, Peter Rutherford Organizations: Denver Nuggets, Miami Heat, NBA, Ball, Nuggets, Milwaukee Bucks, Milwaukee Bucks , New York Knicks, Boston Celtics, Cleveland Cavaliers, The Denver Nuggets, Miami, Denver, Thomson Locations: High City, Serbian, Denver, Miami, Milwaukee Bucks ,, Denver , Colorado, USA, Toronto
DENVER—When the Denver Nuggets selected Nikola Jokic with the 41st pick in the NBA draft nine summers ago, the 6-foot-11 Serbian was fast asleep. The television broadcast didn’t show the selection live, instead airing a commercial for an addition to the Taco Bell menu. Devotees of European basketball had heard rumors of a portly giant from Sombor who threw precognitive passes, but nobody claimed that the future had changed.
Persons: Nikola Jokic Organizations: DENVER, Denver Nuggets, NBA, Taco Bell Locations: Serbian
CNN —The Denver Nuggets are on the verge of making history and winning their first ever NBA Championship but with the defiant Miami Heat standing in their way, anything is possible. Game 5 gets underway Monday at Ball Arena, Denver, and the Nuggets will be looking to seal the series in front of a home crowd. ‘We are ready’With the Nuggets just one win away from a first NBA Championship, it would be easy to start the celebrations too early, but this Denver team aren’t getting ahead of themselves just yet. The brilliant one-two punch of Jamal Murray and Jokić has been key for the Nuggets throughout the NBA postseason. The Heat have had to battle their way through the NBA Play-In tournament and then the playoffs as a No.
Persons: Nikola Jokić, Jamal Murray, ” Jokić, , It’s, Jokić, AAron Ontiveroz, Michael Malone, what’s, ” Malone, we’ll, , Murray, Aaron Gordon, Bruce Brown Jr, Christian Braun, Matthew Stockman, won’t, Jimmy Butler’s, it’s, Butler, we’ve, ” Jimmy Butler, Wilfredo Lee, Erik Spoelstra, We’re Organizations: CNN, Denver Nuggets, Miami Heat, Ball Arena, Nuggets, NBA, ABC, Denver, aren’t, Denver Post, Los Angeles Lakers, Western, Getty, USA, Reuters Locations: Denver, Miami
Juhyun Lee, left, Jung Soo Lee, center, and Junam Lee, right, went to Game 1 of the N.B.A. In 2019, Junam Lee began posting about her father, Jung Soo Lee, on a Denver Nuggets fan page on Reddit, often with comments about how excited he was for an upcoming game. “It almost felt like a reflection of my life,” Jung Soo said in Korean during an interview translated by Juhyun. And there Nuggdad was at what was the biggest game in Nuggets history to that point, wearing his Murray jersey. “That’s motivating for me to continue to get healthy and find victories throughout my life, in whatever they may look like,” Jung Soo said.
Persons: Juhyun Lee, Jung Soo Lee, Junam Lee, Junam, , Jung Soo, Nikola Jokic, “ Nuggdad, , Alec Gwin, ung, ince, amal, eason, ike, J ung Organizations: Denver, Nuggets, Denver Nuggets, Lakers, Western Conference Locations: , y'all
It took an unheralded center from Serbia who turned into the most formidable player in the game and a Canadian point guard who found himself again after a long and arduous recovery from a career-threatening knee injury. It took patience, collaboration and a discipline born of trying, failing and learning how to keep climbing just a bit higher. The Denver Nuggets are N.B.A. They beat the Miami Heat, 94-89, in Game 5 to seal the victory. The rest of Denver’s indefatigable eight-man rotation bolstered the team’s two biggest stars until the end.
Persons: Nikola Jokic, Jamal Murray Organizations: Denver Nuggets, Ball, Miami Heat Locations: Serbia, Canadian
Heat running out of time to find answer to Jokic
  + stars: | 2023-06-09 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Jun 7, 2023; Miami, Florida, USA; Denver Nuggets center Nikola Jokic (15) dribbles the ball against Miami Heat center Bam Adebayo (13) during the third quarter in game three of the 2023 NBA Finals at Kaseya Center. Jokic had 32 points, 21 rebounds and 10 assists in the Nuggets' 109-94 victory on Wednesday that put them 2-1 up in the best-of-seven series. Denver bullied Miami on their home floor, out-rebounding the Heat 58-33 and outscoring them 60-34 in the paint. "Biggest thing is just read and react," Adebayo told reporters on Thursday. Jokic said he looks at the variety of defenses the Heat throw at him as a puzzle.
Persons: Nikola Jokic, Bam Adebayo, Sam Navarro, Jokic, Adebayo, Jamal Murray, Murray, they've, Rory Carroll, Peter Rutherford Organizations: Denver Nuggets, Miami Heat, Kaseya Center, USA, NBA, Nuggets, Denver, Miami, Bucks, Knicks, Celtics, Thomson Locations: Miami , Florida, USA, Denver, Miami, Los Angeles
NBA: Finals-Denver Nuggets at Miami Heat
  + stars: | 2023-06-09 | by ( ) www.reuters.com   time to read: +5 min
[1/5] Jun 7, 2023; Miami, Florida, USA; Denver Nuggets center Nikola Jokic (15) shoots the ball over Miami Heat guard Max Strus (31) during the third quarter in game three of the 2023 NBA Finals at Kaseya Center. Mandatory Credit: Jim Rassol-USA TODAY SportsJune 9 - The Denver Nuggets stand two victories away from their first NBA title, and their top two players are coming off historic performances. But the Nuggets remember their Game 2 home loss and know they will need to deliver a supreme effort on Friday night when they visit the Miami Heat in Game 4 of the NBA Finals. Denver holds a 2-1 edge in the best-of-seven series and is setting out to win back-to-back games in Miami. --The Nuggets have won eight of their past nine games against the Heat and have covered the spread in four consecutive road games.
Persons: Nikola Jokic, Max Strus, Jim Rassol, Jamal Murray, Jokic, Hall, Wilt Chamberlain, Kareem Abdul, Jabbar, Murray, Jeff Green, Jamal, Bam Adebayo, Adebayo, Tyler Herro, Erik Spoelstra, Herro, Jimmy Butler Organizations: Denver Nuggets, Miami Heat, Kaseya Center, NBA, Nuggets, Denver, Hall of Fame, Milwaukee Bucks, Miami, Boston Celtics, Eastern Conference, Thomson Locations: Miami , Florida, USA, Miami, BetMGM, BetRivers, Jokic, Denver
If your local TV provider isn't simulcasting the game, you can still watch Nuggets vs. Heat game 4 using the live TV streaming services we recommend above. ET ABC, ESPN3 Game 4, Denver Nuggets at Miami Heat June 9, 8:30 p.m. ET ABC, ESPN3 Game 5, Miami Heat at Denver Nuggets June 12, 8:30 p.m. ET ABC, ESPN3 Game 6, Denver Nuggets at Miami Heat (if necessary) June 15, 8:30 p.m. ET ABC, ESPN3 Game 7, Miami Heat at Denver Nuggets (if necessary) June 18, 8 p.m.
Persons: Jimmy Butler, Bam Adebayo, Nikola Jokic, you've, that's, We've, ExpressVPN Organizations: Miami Heat, Denver Nuggets, Nuggets, ABC, ESPN3, Sling, Denver, NBA, ESPN, Hulu, Watch Nuggets, Denver Nuggets Denver, Miami, Denver Nuggets Miami, Miami Heat Denver Locations: United States
MIAMI—Describing the interplay between Nikola Jokic and Jamal Murray presents the same challenge as stopping it: it’s built on a language all its own. “They know how to communicate with each other without even speaking, just reading and playing off of each other,” Denver Nuggets coach Michael Malone said recently. “No matter how you guard that, there’s a counter to it.”
Persons: Nikola Jokic, Jamal Murray, Michael Malone, Organizations: MIAMI, Denver Nuggets
Jamal Murray Lets His Play Do the Talking
  + stars: | 2023-06-08 | by ( Tania Ganguli | ) www.nytimes.com   time to read: 1 min
But on Wednesday night, Denver Nuggets guard Jamal Murray walked into the interview room after winning Game 3 of the N.B.A. finals wearing an unassuming white T-shirt and baggy gray sweatpants. A few glints here and there — a glittering bracelet and large stud earrings — added a little sparkle. There are ways in which he seems unassuming, perhaps because he is often overshadowed by his teammate Nikola Jokic. But when you really pay attention, particularly throughout this year’s playoffs, his play sparkles through those perceptions.
Persons: Jamal Murray, , Nikola Jokic Organizations: Denver Nuggets
Jokic became the first player ever to log at least 30 points, 20 rebounds and 10 assists in an NBA Finals game. He made 12 of 21 shots and blocked two shots as Denver bounced back from a Game 2 home loss. Murray scored a game-high 34 points to go with 10 rebounds and 10 assists for the Nuggets, who controlled the contest. Jimmy Butler scored 28 points and Bam Adebayo added 22 points and 17 rebounds for the Heat, who trailed by as many as 21 points. Braun converted a three-point play with 8:45 left and made a floater 17 seconds later to push the Denver lead to 93-72 with 8:28 to play.
Persons: Kevin Love, Jamal Murray, Kyle Terada, Nikola Jokic, Jokic, Murray, Christian Braun, Aaron Gordon, Jimmy Butler, Bam Adebayo, Hall, Hall of Famers Wilt Chamberlain, Kareem Abdul, Jabbar, Caleb Martin, Gordon, Kentavious Caldwell, Pope, Braun, Adebayo Organizations: Miami Heat, Denver Nuggets, Kaseya Center, NBA, Denver, Nuggets, Miami, Hall of Famers, Heat, Thomson Locations: Miami , Florida, USA, Denver
[1/3] Jun 4, 2023; Denver, CO, USA; Denver Nuggets center Nikola Jokic (15) controls the ball against Miami Heat center Bam Adebayo (13) in the second quarter in game two of the 2023 NBA Finals at Ball Arena. Mandatory Credit: Isaiah J. Downing-USA TODAY SportsJune 6 (Reuters) - Underdog Miami's chances of overcoming the odds and beating the favored Nuggets will hinge on big man Bam Adebayo's success in containing dynamic Denver center Nikola Jokic, his teammates said on Tuesday. "Bam has been playing incredibly well this entire playoffs, for sure this series, and this one he got the toughest matchup by far on the defensive side of the ball," Heat forward Jimmy Butler told reporters on Tuesday. "Like I said, he's going to be the reason why we win a championship." "Everybody thinks basketball is always supposed to be pretty, it's supposed to be fluid," he said.
Persons: Nikola Jokic, Bam Adebayo, Isaiah J, Downing, Bam, Jimmy Butler, he's, Adebayo, Jokic, Rory Carroll, Shri Navaratnam Organizations: Denver Nuggets, Miami Heat, Ball, USA, Heat, Eastern, Knicks, Celtics, Los Angeles Lakers, NBA, Thomson Locations: Denver, USA, Miami, Los Angeles
The 2023 NBA Finals are well underway, with Jimmy Butler and the Miami Heat backing down Nikola Jokic's Denver Nuggets for an NBA championship. How to watch the NBA Finals in the USABC exclusively broadcasts the NBA Finals this year, but you can also catch all the games on partner station ESPN3. If your local TV provider isn't simulcasting the game, you can still watch Nuggets vs Heat game 3 using the live TV streaming services we recommend above. ET ABC, ESPN3 Game 5, Miami Heat at Denver Nuggets (if necessary) June 12, 8:30 p.m. ET ABC, ESPN3 Game 7, Miami Heat at Denver Nuggets (if necessary) June 18, 8 p.m.
Persons: Jimmy Butler, Nikola Jokic's, Nikola Jokic, Lebron James, you'll, that's, you've, We've, ExpressVPN Organizations: Miami Heat, Nikola Jokic's Denver Nuggets, NBA, ABC, ESPN3, Sling, Denver Nuggets, Lakers, Heat, New York Knicks, Milwaukee Bucks, ESPN, Hulu, Nuggets, ExpressVPN, Denver Nuggets Denver, Miami, Denver Nuggets Miami, Denver Locations: United States
SAN FRANCISCO, June 7 (Reuters) - Nikola (NKLA.O) adjourned its shareholder meeting on Wednesday after failing to garner enough support for a proposal to increase the number of shares the electric truck maker is allowed to issue, delaying its prospects of raising much-needed capital. The company, like other electric vehicle makers, has been grappling with dwindling cash and weakening demand amid fears of a recession. While some proposals require a majority of shares voted, Proposal 2 needs more than 50% of all outstanding shares in favor to pass. "More than 77% of shares voted through June 6 have been in favor of Proposal 2, but more time is needed to obtain the required vote," Nikola said in a statement, adding that the meeting will reconvene on July 6. Nikola shares have dropped about 73% this year to 59 cents as of Wednesday's close, below Nasdaq's $1 threshold.
Persons: Nikola, NKLA.O, Stasy Pasterick, Michael Lohscheller, Abhirup Roy, Lisa Shumaker Organizations: FRANCISCO, bourse, Thomson Locations: San Francisco
Larry Brown made this much clear: In more than half a century coaching basketball, for a long list of universities and professional franchises, he has never come across a player like Nikola Jokic. “You can’t even describe what he does,” Brown, 82, said of the Denver Nuggets’ magic show of a center. “I’ve never seen anyone pass the ball like he can.”
Persons: Larry Brown, Nikola Jokic, ” Brown, “ I’ve, Organizations: Denver Nuggets
Croatia's little-visited coastline above Dubrovnik
  + stars: | 2023-06-05 | by ( Mary Novakovich | ) edition.cnn.com   time to read: +11 min
There’s even Kornati National Park, one of Croatia’s most compelling natural spaces, spread over 89 islands. Meanwhile, Trogir – whose old town occupies its own little island – is a magical place protected by UNESCO World Heritage status. In just one square within the walled old town you’ll be immersed in centuries of history. Primošten’s old town is on its own little island connected to the newer town by a causeway. Look out for a little promontory just to the north of the old town, where you’ll see pebbly beaches backed by pine trees.
Persons: Trogir, Anastasia, Danny Lehman, , you’ll, Trg, Mary’s, Boonchet, Nikola Bašić, you’ve, Nin, Veli, it’s, Anton Petrus, there’s, Jakov, Ivan Coric, You’ll, George, Andrey Omelyanchuk, Mary Novakovich, Organizations: CNN, Dalmatia, UNESCO World, Kolovare, Getty, Yugoslav, UNESCO Locations: Split, Dubrovnik, Croatian, Croatia’s, Zadar, Trogir, You’ll, Šibenik, Zadar's, Donat’s, St, Mary’s, you’re, Kolovare, Bibinje, Nin, , Sakarun, Dugi, Murter, Sibenik's, Lawrence’s, Krka, Skradin, Primošten, Čiovo, Riva
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