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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California Transportation Commission award to fund six heavy-duty hydrogen refueling stations PHOENIX , July 5, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation, and energy supply and infrastructure solutions, via the HYLA brand, announced that the California Transportation Commission (CTC) has awarded Nikola and sponsor California Department of Transportation (Caltrans), a $41.9 million grant under the Trade Corridor Enhancement Program (TCEP) to build six heavy-duty hydrogen refueling stations across Southern Calif. Caltrans sponsored the application and will work in partnership with Nikola to deploy the tranche of six hydrogen refueling stations.

NIKOLA SECURES $41.9 MILLION GRANT, ACCELERATING ZERO-EMISSIONS INFRASTRUCTURE FOR HEAVY-DUTY HYDROGEN FUEL CELL ELECTRIC TRUCKS IN CALIFORNIA

Nikola Corp. is liquidating Romeo Power, the battery pack maker it acquired for $144 million in stock less than a year ago.  The move forces startups suing Nikola over canceling Romeo orders to get in line for a possible payout of alleged damages from contract breaches.

Nikola moves to liquidate battery pack maker Romeo Power

Electric vehicle manufacturer Nikola Corp (NASDAQ:NKLA) reported a notable increase in both wholesale and retail sales of its electric vehicles in the second quarter, signaling positive momentum for the struggling startup. The company announced that retail sales of its trucks doubled to 66 during the quarter, while wholesale figures rose from 31 to 45.

Nikola reports jump in retail sales in 2Q, even as production drops

The Phoenix-based semi-truck maker lost momentum because of several factors, including a fire and assembly-line modifications.

Nikola Production Declines After Fire at Headquarters

Nikola (NASDAQ: NKLA ) stock is down about 1% in the premarket session, and NKLA is trending on social media today. The company, which manufactures trucks powered by hydrogen and electricity, has reportedly unloaded all of the assets of its subsidiary, Romeo Power.

NKLA Stock Alert: Nikola Is Giving Up on Romeo Power Deal

Nikola said on Wednesday that wholesale and retail sales of its electric vehicles jumped in the second quarter from the first, a positive sign for the startup that has been grappling with a cash crunch and stiff competition.

Nikola reports jump in second-quarter deliveries

Nikola Corp.'s stock NKLA, -0.72% fell 3.7% premarket Wednesday, after the company reported its second-quarter delivery and production numbers. Phoenix-based Nikola said it delivered a total of 111 of its battery-electric trucks in the period, split between 45 wholesale deliveries and 66 retail ones.

Nikola's stock slides after reporting Q2 delivery numbers

Nikola achieves strong quarterly sales for Nikola Class 8 battery-electric trucks, doubles retail sales vs. Q1 Full financial results to be announced on Friday, August 4, 2023 Momentum set for Q3 introduction of hydrogen fuel cell electric truck PHOENIX , July 5, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, announced its quarterly deliveries for its battery-electric truck, with wholesale of 45 trucks and retail of 66 trucks in the quarter ended June 30, 2023.

NIKOLA REPORTS SECOND QUARTER VEHICLE PRODUCTION, DELIVERIES

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Nikola Corporation is set to begin liquidating the assets of battery maker Romeo Power, less than a year after acquiring the company. The American electric truck manufacturer purchased Romeo Power in August 2022 for approximately $144 million in stock as part of its efforts to accelerate battery pack production.

Nikola to liquidate battery maker Romeo Power

Nikola Corp will start liquidating the assets of battery maker Romeo Power, the electric truck maker said on Monday, less than a year after buying it.

EV truck maker Nikola to pull the plug on battery supplier Romeo

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Nikola (NASDAQ: NKLA), a startup building electric and hydrogen trucks, is bracing for a major showdown with Trevor Milton, its founder. The highly embattled company will hold its annual general meeting a day after its share offering vote closes.

Nikola to face off with Trevor Milton amid share dilution fears

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Fears that Nikola shares would be delisted from the Nasdaq have eased. Its surge this month lifted the stock back into compliance with the exchange's listing requirements.

Why Nikola Shares Jumped Friday

Nikola (NASDAQ: NKLA ) stock is up 10% and trending on social media today after the automaker regained compliance with Nasdaq rules. The company manufactures and markets battery-electric trucks as well as trucks that utilize fuel cells powered by hydrogen.

NKLA Stock Alert: Nikola Regains Nasdaq Compliance

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Nikola (NKLA) closed the most recent trading day at $1.10, making no change from the previous trading session.

Nikola (NKLA) Flat As Market Gains: What You Should Know

Nikola Motors (NASDAQ: NKLA) stock price has suffered a harsh reversal as investors continue worrying about more dilution. After surging to a multi-month high of $1.83 on June 15th, the stock has retreated by almost 40% to about $1.

Nikola stock price forecast: extremely vulnerable ahead of July 5

Nikola Press Center Embattled electric vehicle (EV) maker Nikola (NASDAQ: NKLA ) is once again trending downward today. Unfortunately for investors, the incredible 12% downside move in NKLA stock as of this writing is a result of rather bleak news from the company's headquarters in Phoenix, Arizona.

News for Nikola Stock (NKLA)