Nikola

Nikola Corp. engages in the provision of zero-emissions transportation and infrastructure solutions. It designs and manufactures battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems and hydrogen fueling station infrastructure. The company was founded by Trevor Milton in 2015 and is headquartered in Phoenix, AZ.

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Nikola advances hydrogen supply and truck development, eyes profitability by 2024

Nikola's Q4 2022 earnings call highlighted progress in hydrogen supply, truck development, and financial outlook. The company aims for profitability in 2024, focusing on FCEV volume and energy business profitability.

Nikola shifts focus to hydrogen trucks, eyes positive EBITDA by 2025

Nikola's Q1 performance reflects a strategic shift towards hydrogen fuel cell trucks and positive momentum in retail sales.
The company faces challenges in margin improvement, transitioning production focus, and financial sustainability.
Opportunities lie in capital raising, market expansion through partnerships, and leveraging leasing trends for customer acquisition.
Overall, Nikola's focus on zero emissions trucks and energy solutions positions it well for future growth and market leadership.

Nikola reduces cash burn, aims for profitability by 2025

Nikola is making progress in reducing cash burn, increasing cash position, and improving financial performance.
Strategic partnerships, focus on zero-emission vehicles, and efficiency gains position the company for long-term sustainability.
Challenges include the need for additional capital, operational efficiency, and meeting financial targets for profitability.
Opportunities lie in the growing demand for zero-emission vehicles, government support, and cost optimization strategies.

Nikola reports strong Q3 performance, aims for profitability and growth

Nikola Corporation demonstrates strong market performance and operational progress in Q3 2023, with significant demand for zero-emission trucks and strategic hires to drive success.
While facing supply chain challenges and transparency concerns, Nikola's focus on operational optimization and market acceptance presents opportunities for growth and profitability.
Guidance for Q4 delivery targets and production capacity showcase Nikola's commitment to meeting market demand and achieving financial milestones.
Overall, Nikola's financial stability, market positioning, and focus on sustainability position the company for future success in the zero-emission trucking industry.

Nikola excels in Q4, targets growth with hydrogen trucks

Nikola's Q4 2023 earnings call highlighted strong performance, market leadership in hydrogen fuel cell trucks, and strategic guidance for 2024. The company addressed challenges such as supply chain issues and emphasized opportunities for growth through revenue optimization and market differentiation.

Nikola exceeds Q1 expectations, focuses on growth and profitability

Nikola Corporation's Q1 2024 earnings call highlighted progress in executing plans with real trucks on roads, exceeding expectations with 40 hydrogen fuel cell electric truck sales.
While facing challenges like supply constraints and financial losses, the company is strategically focusing on customer acquisition, profitability, and expanding its hydrogen ecosystem.
Opportunities lie in engaging national accounts, adjusting pricing strategies, and developing partnerships to drive sales and increase market relevance.
The management's commitment to zero emissions, emphasis on volume growth, and proactive stance towards operational challenges position Nikola for growth amidst a competitive market landscape.

Nikola surpasses Q2 targets, eyes growth through strategic partnerships

Nikola Corporation's Q2 performance exceeded expectations, driven by strong truck wholesaling and CARB credit monetization. While facing competition from EV trucks, the company's strategic focus on partnerships and cost optimization positions it for growth. Addressing challenges related to political risks and cash management is crucial for Nikola's future success.

Nikola dominates North American fuel cell truck market in Q3

Nikola Corporation demonstrated strong sales performance in Q3 2024, leading the market with record hydrogen fuel cell electric truck sales. Despite financial challenges, the company remains focused on expanding its dealer network and improving unit economics. Opportunities lie in strengthening customer relationships, seeking capital partners, and exploring profitability avenues.

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Trevor Milton, the founder of much-hyped electric truck maker Nikola Corp., was sentenced Monday to four years in prison for defrauding investors by lying about technological breakthroughs his company had made.

Nikola founder Trevor Milton sentenced to 4 years for defrauding investors in his electric truck company

NEW YORK — The founder of Nikola Corp. was sentenced Monday to four years in prison for his conviction for exaggerating claims about his company's production of zero-emission 18-wheel trucks, causing investors to lose hundreds of thousands of dollars.

Nikola founder gets four years in jail for defrauding investors on zero-emission claims

Trevor Milton, the founder of hydrogen-electric truck startup Nikola, was sentenced to four years in prison, multiple news outlets reported, after a jury found him guilty last year of defrauding investors by lying about “nearly all aspects” of his business.

Nikola Founder Trevor Milton Gets Four Years In Prison For Lying To EV Startup Investors

Prosecutors last week urged the judge to sentence Milton, 41, to around 11 years in prison - in line with the sentence Theranos founder Elizabeth Holmes received last year.

Nikola founder Trevor Milton gets four years in prison for fraud

Nikola (NASDAQ: NKLA ) founder and former CEO Trevor Milton is set to be sentenced later today. He faces up to 60 years in prison.

NKLA Stock Alert: Founder Trevor Milton Set to Be Sentenced Today on Fraud Charges

Trevor Milton, the disgraced founder and former CEO of electric truck startup Nikola, was sentenced Monday to four years in prison for securities fraud. The sentence, by Judge Edgardo Ramo in the U.S.

Nikola founder Trevor Milton sentenced to 4 years for securities fraud

Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola, is set to be sentenced on Monday after a jury in October 2022 found him guilty of lying to investors about the company's technology.

Nikola founder Trevor Milton to be sentenced over fraud conviction

Nikola is grappling with a recall that is setting the company back millions of dollars.

Should You Buy the Dip in Nikola Stock?

Nikola founder Trevor Milton was found guilty in October 2022 on two counts of wire fraud and one count of securities fraud.

Nikola founder Trevor Milton to be sentenced for federal fraud charges

Nikola — the Phoenix, Ariz.-based battery-powered truck maker with nearly 22% of its shares sold short, according to the Wall Street Journal — has suffered a precipitous decline in its stock price since peaking at $69 in June 2020.

With 81% Bankruptcy Chance Per MacroAxis, Nikola Stock Is Not Cheap

Nikola has announced multiple rounds of capital raises this year. The company also successfully pushed shareholders to approve an increase in the number of shares of common stock.

Why Nikola Stock Rocketed Higher This Week

Former TravelCenters of America CEO and Managing Director strengthens Nikola's leadership team PHOENIX , Dec. 15, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of Jonathan Pertchik, a seasoned executive, to its Board of Directors. With over two decades of transformational leadership, Pertchik served as the CEO and Managing Director of TravelCenters of America (TA) and has demonstrated success in various capacities in real estate, investment groups and in startup environments.

JONATHAN PERTCHIK JOINS NIKOLA BOARD OF DIRECTORS

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NEW YORK , Dec. 12, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Nikola Corporation (NASDAQ: NKLA) between February 24, 2022 and September 7, 2023, both dates inclusive (the "Class Period"), of the important December 12, 2023 lead plaintiff deadline. SO WHAT: If you purchased Nikola securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

NKLA DEADLINE TODAY: ROSEN, A LEADING LAW FIRM, Encourages Nikola Corporation Investors with Losses in Excess of 100k to Secure Counsel Before Important Deadline in Securities Class Action - NKLA

Nikola founder Trevor Milton should receive around 11 years in prison for defrauding investors in the electric- and hydrogen-powered truck maker, prosecutors in New York said on Tuesday.

US prosecutors seek 11-year sentence for Nikola founder Trevor Milton

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NEW YORK , Dec. 12, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Nikola Corporation ("Nikola" or the "Company") (NASDAQ: NKLA) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Nikola investors who were adversely affected by alleged securities fraud between February 24, 2022 and September 7, 2023.

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Nikola Corporation(NKLA) Investors of a Class Action Lawsuit and Upcoming Deadline

Shareholders with losses of $100,000 or more are encouraged to contact the firm.   LOS ANGELES , Dec. 11, 2023 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Nikola Corporation ("Nikola" or the "Company") (NASDAQ: NKLA).

NKLA Investors Have Opportunity to Lead Nikola Corporation Securities Fraud Lawsuit

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming December 12, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Nikola Corporation (“Nikola” or the “Company”) (NASDAQ: NKLA) securities between February 24, 2022 and September 7, 2023, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On June 23, 2023, a Nikola Tre battery-electric vehicl.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Nikola Corporation (NKLA)

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Nikola Corporation (NASDAQ: NKLA) between February 24, 2022 and September 7, 2023, both dates inclusive (the “Class Period”), of the important December 12, 2023 lead plaintiff deadline. SO WHAT: If you purchased Nikola securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

NKLA DEADLINE TUESDAY: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Nikola Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – NKLA

NEW YORK , Dec. 10, 2023 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Nikola Corporation ("Nikola" or the "Company") (NASDAQ: NKLA) and certain officers. The class action, filed in the United States District Court for the District of Arizona, and docketed under 23-cv-02131, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Nikola securities between February 24, 2022 and September 7, 2023, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Nikola Corporation of Class Action Lawsuit and Upcoming Deadline - NKLA

News for Nikola Stock (NKLA)