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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Earnings data Q4 2024

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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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.

1 Green Flag for Nikola Stock

Shares of Nikola Corp. NKLA, -26.36% bounced 9.2% in active premarket trading Monday, after they suffered the worst day in three years in the previous session. Trading volume ahead of the open was 7.5 million shares, enough to make the stock the 8th-most active in the premarket.

Nikola's stock bounces in active trading, after suffering worst day in three years in previous session

The past month has been a rollercoaster ride for investors in Nikola NASDAQ: NKLA as the electric vehicle manufacturer experienced a remarkable surge of over 100% in its stock value. However, the euphoria came to a halt following the company's Q2 earnings report released last Friday.

Euphoria Fades In Nikola, Momentum Shifts, And Bears Loom

Nikola stock has been all over the place. The trend, despite all the volatility, is up.

Nikola Stock Is Soaring Again. The Reason Isn't Clear.

That brings its grant money total to $58.2 million in the last 30 days.

Nikola Stock Investors Celebrate as It Secures $16 Million in Grants

Nikola lost its CEO and turned in poor numbers for its most recent quarter. Its stock, which has been rising rapidly, fell more rapidly on the news (down 26% the day after earnings were announced).

Nikola Becomes A Penny Stock

The president and chief executive of Nikola, the Arizona-based electric and hydrogen semi truck manufacturer, is leaving the company effective immediately, the company announced Friday.

Nikola CEO is leaving the company after just 18 months

Electric truck maker Nikola said Friday that CEO Michael Lohscheller will step down and be replaced by Stephen Girsky, the company's chairman, at the end of the month.

EV maker Nikola CEO Michael Lohscheller stepping down

Nikola Corp (NASDAQ: NKLA) – the American manufacturer of heavy-duty commercial electric vehicles made three big announcements on Friday. Its shares are down nearly 15% at writing.

Nikola stock sinks 10% on three big announcements: find out more

Nikola Corporation (NASDAQ:NKLA ) Q2 2023 Earnings Conference Call August 4, 2023 10:30 AM ET Company Participants Dhillon Sandhu - IR Michael Lohscheller - CEO Stasy Pasterick - CFO Carey Mendes - President, Energy Steven Girsky - Chairman Conference Call Participants Mike Shlisky - D.A. Davidson Jeff Kauffman - Vertical Research Partners Bill Peterson - JP Morgan Winnie Dong - Deutsche Bank Tyler DiMatteo - BTIG Operator Thank you, Dylan and good morning, everyone.

Nikola Corporation (NKLA) Q2 2023 Earnings Call Transcript

EV truck maker Nikola Corp said Friday that president CEO Michael Lohscheller is leaving the top executive positions due to a family health issue.

Nikola CEO steps down, replaced by chairman

Nikola failed to meet analysts' top-line estimates for Q2 2023. The company's CEO, Michael Lohscheller, has resigned.

Why Nikola Stock Is Plummeting Today

Nikola (NKLA) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.25 per share a year ago.

Nikola (NKLA) Reports Q2 Loss, Tops Revenue Estimates

Troubled electric truck company Nikola (NASDAQ: NKLA ) scheduled a conference call for Friday morning at 10:30 Eastern to discuss a series of events that threaten its survival. NKLA stock is down over 10% this morning.

NKLA Stock Alert: Nikola Receives Approval to Increase Share Count

Nikola (NASDAQ: NKLA ) stock is making waves on Friday after the company announced that CEO Michael Lohscheller is stepping down. According to Nikola, Lohscheller is stepping down as CEO of the company effective immediately.

NKLA Stock Alert: What to Know as Nikola CEO Steps Down

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Michael Lohscheller has stepped down due to a family health matter, and Chairman Steve Girsky has taken over as CEO of the electric-vehicle maker.

Nikola CEO Michael Lohscheller Steps Down

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Lucid and Nikola may not be part of the future of the electric vehicle (EV) industry.

Lucid and Nikola Have No Future

Electric truck maker Nikola said on Friday that its CEO, Michael Lohscheller, will step down effective immediately due to a "family health matter."

Nikola loss narrows as production of fuel-cell semitruck begins; company says CEO to step down

Shares of Nikola Corp. NKLA, +12.42% fell 1.3% in premarket trading Friday, after the electric vehicle maker reported a narrower-than-expected loss and revenue that beat forecasts, but EV production and shipments that fell. Net losses for the quarter to June 30 were $217.8 million, or 20 cents a share, after a loss of $173.0 million, or 41 cents a share, in the year-ago period, as the number of shares outstanding used in per-share calculations increased 67% to 708.69 million shares.

Nikola's stock pulls back after revenue beats expectations but EVs produced and shipped fell, and CEO steps down

Electric truck maker Nikola said on Friday that Michael Lohscheller will step down as chief executive officer and would be replaced by Stephen Girsky.

EV maker Nikola says CEO Lohscheller to step down

Nikola Corp. NKLA, +12.42% said Chief Executive Michael Lohscheller will step down, effective immediately. The electric vehicle (EV) maker said Lohscheller is stepping down due to a family health matter and will return to Europe, but will remain with the company in an advisory capacity through September.

Nikola CEO Lohscheller steps down effective immediately, Chairman Girsky named new CEO

Executing on business plan, increasing cash position, and decreasing cash use Continuing to build sales momentum with 45 wholesales and 66 retail deliveries in Q2 Began serial production of the hydrogen fuel cell electric truck July 31; first customer deliveries expected in September 18 customer orders to Nikola and dealers for over 200 hydrogen fuel cell electric trucks Continued hydrogen refueling ecosystem development with partners Increased unrestricted cash by $107.1 million in Q2 PHOENIX , Aug. 4, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today reported financial results and business updates for the quarter ended June 30, 2023. "Nikola has turned the corner and is well on the way to executing our business plan and achieving profitability," said Nikola CEO Michael Lohscheller.

Nikola Corporation Reports Second Quarter 2023 Results

Michael Lohscheller to step down as President and Chief Executive Officer of Nikola Corporation and as a member of the Board of Directors Stephen Girsky, Chairman of Nikola's Board of Directors, has been named successor, effective immediately, and will remain a member of the Board; Steve Shindler becomes Chairman of the Board PHOENIX , Aug. 4, 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 Michael Lohscheller will step down as President and Chief Executive Officer (CEO) of Nikola Corporation effectively immediately and as a member of the Board of Directors effective as of August 31, 2023. Steve Girsky, Chairman of the Board since September 2020, has been named CEO of Nikola.

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