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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Nikola Corp (NASDAQ:NKLA) has struck a deal with Canada's ITD Industries to expand the dealer network for its Class 8 truck sales and service into Canada. In a fireside chat, the EV truck firm's recently-appointed CEO Steve Girsky also addressed concerns about a recall of trucks after a series of battery fires in August and also announced that first deliveries of the hydrogen-fuel-cell-powered Class 8 trucks are set to begin as early as late September.

Nikola shares rise on reassurances after truck recall; Canada expansion

Nikola (NASDAQ: NKLA ) stock is a hot topic among traders on Friday as they go over the details of a new expansion in Canada. The big news here is Nikola signing an expansion deal that will bring another of its dealerships to the country.

NKLA Stock Alert: Nikola Announces Canadian Expansion of Dealer Network

The company revealed deliveries of its hydrogen-fuel-cell electric truck should begin in late September and early October.

Nikola Stock Soars. Investor Concerns Addressed and Trucks Ready to Roll Out.

Following a 32% surge on Thursday, Nikola Corp.'s stock rose by an additional 14.7% in premarket trading Friday after the company's recently-appointed CEO Steve Girsky held a forum to answer investors' concerns.

Nikola Extends Hydrogen Fuel Cell Rally in Premarket, Up 14.7%

Shares saw a significant surge this week after new CEO Steve Girsky confirmed forthcoming delivery of its hydrogen fuel cell trucks. Shares in Nikola Corporation are surging after the company's CEO held a fireside chat yesterday and announced that its hydrogen fuel cell trucks would be delivered on time.

Nikola stock price today: a wild ride for the embattled EV truck maker

Nikola Corp. NKLA, +32.24% said Friday it's expanding its dealer sales and service network into Canada, via a partnership with ITD Industries Inc., a commercial trailer maker and technology business based in Toronto. ITD's Toronto Nikola showroom and service operations will be integrated into its manufacturing facility with 55-foot ceilings and more than 78,000 square feet.

Nikola expands into Canada via partnership with commercial trailer maker ITD Industries

PHOENIX , Sept. 15, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, announced today an expansion of its dealer network into Canada for its Class 8 truck sales and service coverage with the addition of ITD Industries Inc., an industry leading commercial trailer manufacturer and technology business headquartered in Toronto, ON.

NIKOLA ANNOUNCES EXPANSION OF DEALER SALES AND SERVICE NETWORK INTO CANADA IN PARTNERSHIP WITH ITD INDUSTRIES

Nikola Motors (NASDAQ: NKLA) stock price rebounded sharply on Thursday as investors reacted to a bullish statement by Steve Girsky, the new CEO. The shares jumped by more than 30% and moved above the key resistance level at $1.

As the Nikola stock price rises, beware of a dead cat bounce

Shares of Nikola (NASDAQ: NKLA ) stock are accelerating higher by about 33% after President and CEO Steve Girsky hosted a “fireside chat” and Q&A session for stockholders. Girsky was appointed as Nikola's CEO last month, replacing Michael Lohscheller.

Can New CEO Steve Girsky Save Nikola (NKLA) Stock?

Shares of Nikola Corp. soared back above the $1 mark Thursday, in the wake of a fireside chat held by newly appointed Chief Executive Steve Girsky to address key investor concerns.

Nikola stock soars, as CEO sees first hydrogen fuel cell trucks delivered by month end

Nikola has begun serial production of its hydrogen fuel cell trucks. A recent recall of its battery-electric trucks isn't what investors are focused on.

Why Nikola Stock Spiked Higher Today

Nikola Corporation (NASDAQ:NKLA ) CEO Fireside Chat and Q&A Webcast with Steve Girsky Conference Call September 13, 2023 4:30 PM ET Company Participants Steve Girsky - President and Chief Executive Officer Dhillon Sandhu - Investor Relations Steve Girsky Good afternoon, everyone and thank you for joining me for today's chat and Q&A. I am Steve Girsky, President and CEO of Nikola Corporation.

Nikola Corporation (NKLA) Hosts CEO Fireside Chat and Q&A Webcast with Steve Girsky Conference (Transcript)

Nikola NKLA, -4.64% Chief Executive Steve Girsky said the company can't yet share the timeline or cost estimate for the voluntary recall of 209 of its battery-electric trucks.

Nikola says electric-truck recall has no timeline or cost estimate

Nikola is set to begin selling its hydrogen fuel cell electric trucks at the end of the month, the company's chief executive said.

Nikola to start selling its hydrogen fuel-cell trucks in late September

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Nikola (NKLA) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Nikola (NKLA) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

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Shares of Nikola (NASDAQ: NKLA ) have fallen by about 75% since Aug. 3, completely erasing the stock's 145% gain between July 12 and Aug. 3. NKLA stock is also below $1, which means that it is in noncompliance with Nasdaq's minimum price requirement of $1.

The Short Squeeze in Nikola (NKLA) Stock Is Cooling Off as Trucks Catch Fire

A Nikola electric semi-truck caught fire near the company's Phoenix headquarters in Arizona, it said on Friday, the second such incident this week involving the firm's vehicle.

Nikola semi-truck catches fire in second incident in a week

Nikola's BEV recall is casting dark clouds over its future. It recently brought on its fourth CEO in four years, and its balance sheet is deteriorating as it takes on more debt.

Where Will Nikola Corporation Stock Be in 1 Year?

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Nikola was forced to recall more than 200 trucks -- over twice as many as it produced this year. Investors don't yet know how much the recall will cost the start-up company.

Why Nikola Stock Was Cut in Half in August

More than 30 years of transportation and supply chain expertise joins Nikola's leadership PHOENIX , Aug. 31, 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 John Vesco, a seasoned multi-modal transportation expert, to its Board of Directors. With a career spanning more than three decades, Vesco's extensive executive leadership within prominent transportation and supply chain organizations, including Hub Group and Schneider, underscores his qualifications to contribute significantly to Nikola's strategic growth initiatives.

JOHN VESCO APPOINTED TO NIKOLA BOARD OF DIRECTORS

Wall Street thinks the prospects for Nikola Corp. (NASDAQ: NKLA) will not recover.

News for Nikola Stock (NKLA)