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 reported a fire at its headquarters in Phoenix on Friday. The company hasn't provided an update on the incident.

Why Shares of Nikola Are Plummeting Today

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An investigation is underway after an early morning fire on Friday damaged multiple trucks at the Phoenix headquarters of electric truck manufacturer Nikola Corp.  The incident, which was first reported just before 5 a.m. MT, caused damage to five electric trucks, according to a CNN report.

Foul play suspected in fire at Nikola headquarters

The last thing EV truck maker Nikola needed was truck fires. Five burned near its headquarters.

Nikola, Crippled Badly, Faces Truck Fires

Nikola, a startup company that makes electric and hydrogen-powered semi trucks, said in a tweet Friday morning that several of its trucks had been damaged in a fire at the company's Phoenix, Arizona headquarters.

Five Nikola electric trucks catch fire at Phoenix factory, company says 'foul play suspected'

Nikola Corp said Friday it suspected “foul play” in a fire outside of its Phoenix headquarters that affected some of its battery electric trucks. The fire, which Nikola tweeted about and has since confirmed with TechCrunch, started early this morning behind its headquarters.

EV truck maker Nikola suspects foul play in headquarters fire

No one was injured in the blaze, but some battery-electric trucks were damaged.

Nikola Suspects Foul Play in Fire Behind Headquarters

The fire outside electric automaker Nikola's headquarters resulted in no injuries but affected several of its battery electric trucks.

Nikola Suspects Foul Play In Headquarters Fire—As Stock Slides Nearly 8%

Electric-truck maker Nikola on Friday reported a fire around its Phoenix, Arizona headquarters and said it suspects foul play behind the incident that affected multiple trucks but caused no injuries, sending its shares down 7%.

Nikola says fire incident at headquarters affects trucks, suspects foul play

Shares of Nikola Corp. NKLA, -10.13% tumbled 10.1% in morning trading Friday, after the electric vehicle maker confirmed that a fire occurred involving multiple battery electric trucks, and that it suspected “foul play.” The company said no one was injured in the fire.

Nikola stock drops, as EV maker suspects ‘foul play' led to fire involving multiple trucks

Nikola provided an update that could have massive implications for investors.

Huge News for Nikola Stock Investors!

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The specialty electric vehicle maker published a business update. It aims to save more than $400 million per year on expenses.

Why Nikola Stock Zoomed Ahead by 11% Today

Nikola (NASDAQ: NKLA ) stock is rising higher on Tuesday after the EV company announced layoffs for 270 of its employees. According to the EV company, these layoffs come as it looks to cut costs to better manage its cash.

NKLA Stock Alert: Nikola Lays Off 270 Employees

Shares of Nikola NASDAQ: NKLA soared over 150% last week, reaching a high of $1.83 per share, before pulling back and ending the week at $1.19, up 68%. After topping out at $93.99 in spectacular fashion in June 2020, the stock has been in a steady downtrend coming off 98%.

Nikola Stock Surge: Changing Fundamentals Or Short Squeeze?

After marking a new 52-week low earlier this month, shares of ailing zero-emission transportation start-up Nikola Corporation have become the latest favorite of the momentum crowd. At its peak on Thursday, NKLA stock was up by 250% on giant volume before retreating over the course of Friday's session. Failure to gather sufficient shareholder votes to double the number of authorized shares appears to have been a major catalyst behind last week's rally.

Nikola: Sell The Meme Stock Rally

Electric truck maker Nikola Corp. laid off 270 workers Friday as its cash to run the business shrinks. The moves came a day after convicted founder Trevor Milton took shots at company leadership on social media.

Nikola cuts 270 jobs as cash to survive runs low

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Second quarter layoffs continue apace after more than 136,000 employees were cut by major U.S. companies in the first quarter of 2023.

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Nikola Corp. is laying off 270 employees, or about 23% of its workforce, and restricting its electric truck efforts to North America as it seeks to preserve cash. The company said Friday it will lay off 150 workers who were supporting the company's European programs.

Electric truck maker Nikola to cut 23% of workforce

Electric-truck maker Nikola said on Friday it would lay off a total of 270 employees, 150 of whom were supporting its European operations and 120 based at its sites in Phoenix and Coolidge.

Electric-truck maker Nikola laying off 270 employees

Nikola Corp. stock NKLA, -15.00% wavered between gains and losses in the extended session Friday after the EV maker said it planned to let go of about 150 employees, cutting its personnel spending by more than $50 million a year. Nikola said in a filing in December it had about 1,500 employees, mostly in the Phoenix, Ariz.

Nikola to lay off about 10% of its workforce

Annual cash usage expected to decrease to under $400M by 2024 Reorganizing workforce around new areas of focus and eliminating non-essential spend Continuing to take actions geared toward optimizing and protecting ongoing operations Q3 launch of the hydrogen fuel cell electric truck on schedule HYLA hydrogen energy business making strong progress with multiple partnerships, first-mover infrastructure advantage PHOENIX , June 16, 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 a progress update on its business optimization efforts, which are expected to result in a marked decrease in cash spend and streamlining of operations. "Nikola has initiated a more focused business plan this quarter, concentrating on North America, zero-emission truck production, and our HYLA hydrogen business," said CEO Michael Lohscheller.

NIKOLA SHARPENS FOCUS, REDUCES CASH SPEND

Nikola (NASDAQ: NKLA ) and its founder, former CEO and chairman Trevor Milton are in the spotlight following a social media scramble. Yesterday, Milton broke his social media silence with an Instagram post that detailed his stance on the proposals for Nikola's upcoming annual meeting of stockholders, which has been adjourned to July 5.

News for Nikola Stock (NKLA)