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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That should relieve investors who thought Nikola needed cash desperately.

Nikola Says It Has Enough Cash to Last Into 2024

Shares of Nikola sank after the electric vehicle maker voluntarily recalled 209 of its Class 8 Tre semi-trucks because of potential battery fires.

Nikola Shares Tumble After Recall of Electric Semi-Trucks

Nikola (NASDAQ: NKLA) stock price came under heavy selling pressure on Monday as the company's challenges rose. The shares plunged to a low of $1.62, the lowest level since July 13th.

Nikola stock price is in a deep dive: How low can it go?

Electric truck maker Nikola shares plummeted Monday after it recalled nearly all of its battery electric semi trucks. The company recalled 209 of its Class 8 Tre battery electric vehicles after a third-party investigation found a coolant leak likely caused a battery fire in one of its trucks.

Nikola shares tank after EV maker recalls its battery-electric big rigs

Nikola is recalling all 209 of its battery-electric semitrucks after a June fire was traced to a truck's battery pack.

Nikola shares fall after EV maker recalls all of its battery-electric trucks following a fire

Nikola is recalling many of its battery electric heavy trucks due to a battery safety problem. The recall won't affect the timeline for Nikola's hydrogen fuel cell truck production.

Why Nikola Stock Crashed Monday

Nikola (NASDAQ: NKLA ) stock fell nearly 15% over the weekend after it recalled most of its Tre electric battery trucks. The company found a risk of fire and recalled 209 Class B Battery Electric Vehicles (BEVs).

NKLA Stock Alert: Nikola Issues Major Truck Recall

Shares in Nikola Corp (NASDAQ:NKLA) fell in premarket trading at the start of the week after the company voluntarily recalled around 209 Class 8 Tre battery-electric vehicles. Nikola shares were down 14.87% to $1.66 in premarket deals.

Nikola Corp shares slump after battery recall

Nikola Inc. is conducting a voluntary recall of more than 200 of its electric vehicles after an investigation into their battery packs.

Nikola to recall trucks after battery issue; stock sinks

The company secured millions in grants from government organizations.

Nikola Is Scoring Big Wins in Hydrogen Fueling

Nikola is recalling about 209 of its battery-powered commercial trucks after an outside investigation indicated a defective battery part likely caused a fire in one of the trucks.

Nikola Recalls Most of Its Battery-Electric Trucks After Fire Probe

The incoming CEO says he's in it for the long haul.

Nikola Starts Hydrogen Truck Production as New CEO Announced

Electric truck maker Nikola on Friday said it is recalling about 209 Class 8 Tre battery-electric vehicles (BEVs) as a precautionary measure.

Nikola recalls 209 Class 8 battery-electric trucks

Third party and internal investigations indicate probable cause of previously reported battery pack thermal event Customer trucks may remain in service, immediate actions recommended for Nikola customers and dealers Efforts underway to remedy issues, repairs expected to commence in the coming weeks Hydrogen fuel cell electric truck launch unaffected, in production now with deliveries slated in Q3 PHOENIX , Aug. 11, 2023 /PRNewswire/ -- The safety of customers, dealers and team members are Nikola's top priority. Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today provides the preliminary results of its battery pack investigations and as a precautionary measure, announces a voluntary recall of approximately 209 Class 8 Tre battery-electric vehicles (BEVs).

Nikola Announces Preliminary Results of Battery Investigations, Voluntarily Recalls 209 Class 8 Battery-Electric Trucks

Nikola helped analysts with insights into what's going on inside the company.

Nikola Management Answers Questions From Wall Street Investors

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Nikola aims to preserve cash as it ramps up production of its new truck.

Nikola Is Slashing Expenses to Boost Profitability

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The electric truck maker's Q2 earnings exceeded analysts' expectations. On the balance sheet, cash and equivalents nearly doubled sequentially.

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Nikola could use the sale to raise desperately needed cash as it ramps up manufacturing.

Nikola Gains Shareholder Approval to Sell More Stock

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After surging early last week, Nikola (NASDAQ: NKLA ) stock is back to its typical pattern of plunging steadily downward. The electric vehicle (EV) startup is known for electric trucks, but it is coming off what can only be described as a roller-coaster week.

NKLA Stock Alert: A Nikola Short Squeeze Seems Unlikely

Demand for its hydrogen-fueled truck is off to a good start.

News for Nikola Stock (NKLA)