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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Skilled transportation executive positioned to further company focus on zero-emissions trucking and hydrogen infrastructure solutions PHOENIX , Aug. 27, 2024 /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 accomplished transportation executive Thomas "Tom" Schmitt as Chief Commercial Officer (CCO) of Nikola Corporation. As CCO, Schmitt will align Nikola's commercial efforts to scale the company's business.

TOM SCHMITT NAMED CHIEF COMMERCIAL OFFICER OF NIKOLA CORPORATION

Nikola (NKLA) stock price continued its sell-off even after the company published encouraging financial results and the Federal Reserve pointed to potential rate cuts in September. It has crashed by over 22% in the last 30 days, bringing the year-to-date losses to 71% and its market cap to $379 million.

Nikola stock: short interest, falling wedge, points to a short squeeze

Nikola announced plans to sell at least $80 million in convertible debt this morning. Total sales of debt, convertible debt, and equity could reach $500 million.

Why Nikola Stock Crashed 10% This Morning

Nikola Corp. plans to raise money through a convertible-debt offering as it looks to scale its electric-vehicle business.

Nikola's stock falls as EV maker looks to raise money via convertible-debt deal

Nikola's Q2 earnings exceeded analysts' expectations. Its fuel-cell powered truck deliveries are increasing as it works through its recall of battery electric vehicles.

Nikola Stock: Buy, Sell, or Hold?

Nikola has had a rocky few years. It's worked to survive the reputational harm and share price crash that resulted from the lies of its founder (that earned him a four-year prison sentence).

Nikola's Hydrogen-Powered Semis Are Turning Its Fortunes Around

Nikola stock has seen a sharp drop-off over the last 12 months due to persistent doubts about its long-term viability, but recent Q2 earnings show signs of a turnaround. The company's focus on hydrogen fuel-cell trucks in California presents a unique opportunity for growth in the zero-emissions trucking industry. Despite competition from Tesla and limited hydrogen infrastructure in the US, Nikola's strategic positioning in California and potential international expansion offer significant upside potential for investors.

Nikola Stock After Q2 Earnings: Finally Cheap Enough To Buy

Nikola Corporation reported record revenue for Q2, while beating guidance. That resulted in a slight positive move in the stock price to end last week. NKLA's economics are nowhere near viable at the moment. The higher production it achieves, the greater the net loss in a near-linear fashion. NKLA has two quarters of cash remaining. It will dilute more this year.

Nikola: Improved Results, But Not Enough To Make It A Good Investment

Nikola reported mixed Q2/2024 results, with higher sales more than offset by increased cash usage. As a result, unrestricted cash was down by more than 25% sequentially to $256.3 million. At the current rate of cash usage, the company will have to raise additional capital by Q4/2024 at the latest point.

Nikola: Improved Results But Nowhere Near Viability - Sell

Fuel-cell electric vehicle (FCEV) manufacturer Nikola (NASDAQ: NKLA ) saw its shares pop higher following better-than-expected results for its second-quarter earnings report. In addition, the company is progressing toward its goal of restoring its battery EV business following a recall last year.

NKLA Stock Earnings Recap: 3 Things for Nikola Investors to Know Now

Nikola Corporation (NASDAQ:NKLA ) Q2 2024 Earnings Conference Call August 9, 2024 10:30 AM ET Company Participants Soei Shin - Head of Investor Relations Steve Girsky - President and CEO Tom Okray - CFO Conference Call Participants Mike Shlisky - D. A. Davidson Greg Lewis - BTIG Jeff Kaufman - Vertical Research Partners Ben Kallo - Baird Operator Good morning and welcome to Nikola Corporation's Second Quarter 2024 Earnings and Business Update Call.

Nikola Corporation (NKLA) Q2 2024 Earnings Call Transcript

Nikola beat Wall Street expectations for second-quarter revenue and posted a smaller-than-expected adjusted loss on Friday, signaling an uptick in deliveries of its hydrogen big rigs as clients ramped up spending. Shares of the electric truck maker rose 17% in early trading.

Nikola posts smaller-than-expected loss on robust truck demand

Shares of Nikola Corp. extended their bounce on Friday after the maker of electric and hydrogen-fuel-cell trucks reported losses that narrowed sharply and revenue that more than doubled to beat expectations for the first time in nearly two years.

Nikola's stock keeps bounce alive as revenue beats expectations

Reported strongest topline in the history of the company, Q2 2024 revenue was $31.3M, up 318% from Q1 Wholesaled 72 hydrogen fuel cell electric vehicles in Q2, exceeding the high-end of guidance, up 80% from Q1 Created alternative revenue streams with our initial sale of regulatory credits BEV "2.0" recall program on track for completion by year-end 2024 PHOENIX , Aug. 9, 2024 /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, 2024. "In the last three quarters of serial production, we have demonstrated that Nikola is the offtake.

Nikola Corporation Reports Second Quarter 2024 Results

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New station marks major step towards decarbonizing Canada's busiest commercial transport sector TORONTO , July 30, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, together with ITD Industries, opened the first commercial hydrogen refueling station for the heavy-duty transportation sector in Ontario. The station, located at ITD Industries' headquarters in Etobicoke, ON, is situated at 161 The Westmall, a pivotal location near Highway 401, Highway 427, and the Queen Elizabeth Highway (QEW).

NIKOLA AND ITD INDUSTRIES LAUNCH FIRST HYDROGEN STATION IN ONTARIO

Nikola (NKLA) stock price has continued to underperform the market this year as investors worry about its future and dilution risks. It has slipped by over 64% this year and by 88% in the past 12 months.

Nikola stock price outlook: All eyes on August 9

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News for Nikola Stock (NKLA)