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 (NASDAQ: NKLA) stock price is sitting at its all-time low as concerns about the company's future remain. The car company, once valued at billions, has now become a penny stock trading at $0.73.

Nikola stock price analysis: dangerous to short at current level

DEADLINE to VOTE: 11:59 p.m., Eastern Time on June 6, 2023 VOTE NOW by phone at (855) 935-2562, if in North America, or 1 (551) 210-9929, if international; or VOTE NOW online at www.proxyvote.com PHOENIX , May 10, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, has published a video message from President and Chief Executive Officer Michael Lohscheller, explaining why he is recommending Nikola stockholders vote FOR all six proposals for the June 7 annual meeting, particularly Proposal 2.

Lohscheller Releases Video Explaining Why Proposal 2 is Vital to Nikola's Future

Nikola Corporation (NASDAQ:NKLA ) Q1 2023 Results Conference Call May 9, 2023 10:30 AM ET Company Participants Dhillon Sandhu - IR Michael Lohscheller - CEO Stasy Pasterick - CFO Carey Mendes - President, Energy Conference Call Participants Jeff Kauffman - Vertical Research Partners Bill Peterson - JP Morgan Dillon Cumming - Morgan Stanley Mike Shlisky - D.A. Davidson Winnie Dong - Deutsche Bank Tyler DiMatteo - BTIG Jeff Osborne - TD Cowen Operator Good morning and welcome to the Nikola Corporation First Quarter 2023 Earnings and Business Update Call.

Nikola Corporation (NKLA) Q1 2023 Earnings Call Transcript

Nikola has paused production of its battery-electric truck. The company also ended a joint venture in Europe.

The Big Reason Nikola Stock Is Tumbling Today

Nikola sold its share of a European joint venture and changed tactics. The company may be betting that hydrogen fuel cell trucks are the future.

Nikola Plans to Shift Focus to North America: What It Means for Investors

Nikola Corp on Tuesday reported a bigger quarterly loss and said it would pause production to streamline the assembly line at its Coolidge, Arizona factory amid sluggish demand for its battery-powered trucks.

Nikola to pause truck production after posting bigger quarterly loss

Nikola (NKLA) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.21 per share a year ago.

Nikola (NKLA) Reports Q1 Loss, Lags Revenue Estimates

Nikola (NASDAQ: NKLA ) stock is taking a beating on Tuesday after the company announced bad news alongside its latest earnings report. Nikola revealed today that it's pausing truck production at its Coolidge, Arizona factory.

Why Is Nikola (NKLA) Stock Down Today?

Nikola reported lower-than-expected sales, and the maker of electric and fuel-cell trucks announced a strategic change Tuesday morning.

Nikola Plans to Go in New Directions, but the Stock Is Going Down

Cash-strapped Nikola Corp. is selling its stake in a European joint venture with Iveco Group for $35 million and 20.6 million shares of Nikola stock. It will prioritize hydrogen and fuel cell trucks in North America and phase out battery-electric models except for special orders.

Nikola cashes out European JV and refocuses on fuel cells at home

Shares of Nikola Corp. NKLA rose 1.5% in premarket trading Tuesday, putting them on track to open at $1 or higher, after the electric vehicle maker reported a first-quarter loss that matched expectations even as revenue fell short. The net loss was $169.1 million, or 31 cents a share, after a loss of $152.9 million, or 37 cents a share, in the year-ago period.

Nikola stock rises toward $1 level after EV maker matches loss expectations but comes up shy on revenue

Nikola produced 63 battery-electric trucks and delivered 31 to dealers in the quarter. Its dealers sold 33 trucks to end customers during the period.

Nikola exits European joint venture to focus on hydrogen trucks in North America

Reprioritizing and refocusing the company on North America, hydrogen fuel cell electric truck, HYLA hydrogen refueling business, and autonomous technologies Orders received from 12 customers for 140 Nikola hydrogen fuel cell electric trucks In May, executed joint development agreement with Voltera to develop up to 50 HYLA hydrogen refueling stations Reported GAAP net loss per share of $0.31 and non-GAAP net loss per share of $0.26 for Q1 2023 Realigning cost structure with new business focus, reducing spend and cash burn Substantial gross margin improvement from Q4 2022 to Q1 2023 Building sales momentum with 31 wholesale deliveries to dealers and 33 retail sales from dealers to end customers PHOENIX , May 9, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation solutions, today reported financial results and business updates for the quarter ended March 31, 2023. "Nikola had a very solid quarter, building sales momentum with Class 8 battery electric truck deliveries to customers, and orders for 140 hydrogen fuel cell trucks from customers," said Nikola CEO Michael Lohscheller.

Nikola Corporation Reports First Quarter 2023 Results

Nikola (NASDAQ: NKLA) stock price has drifted upwards and is slowly approaching $1 ahead of the company's earnings. The shares have risen to $0.9850, which is a few points above the year-to-date low of $0.8115.

Nikola stock price prediction ahead of earnings: key scenarios to watch

TURIN, Italy and PHOENIX , May 9, 2023 /PRNewswire/ -- Iveco Group N.V. (MI: IVG) and Nikola Corporation (NASDAQ: NKLA) announce today that they are excited to enter a new phase of their partnership, which started in 2019 and has so far met all milestones to leverage the respective expertise to deploy zero-emission heavy-duty (Class 8) trucks in North America and Europe.

Iveco Group and Nikola Corporation enter a new partnership phase; Iveco Group to assume ownership of JV

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PHOENIX and LONG BEACH, Calif. , May 3, 2023 /PRNewswire/ -- Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation, energy supply and infrastructure solutions, via the HYLA brand, and WattEV, a Long Beach-based developer of charging infrastructure for heavy-duty trucks and provider of electric trucks as a service (TaaS), today announced the upcoming sale and delivery of 14 Nikola Tre battery-electric vehicles (BEVs).

WATTEV TO TAKE DELIVERY OF FIRST BATCH OF 14 NIKOLA TRE BEV TRUCKS

Nikola (NASDAQ: NKLA ) stock is heading higher on Tuesday after the zero-emissions vehicle company announced a partnership with Voltera. This agreement has the two companies working together to develop a hydrogen fueling infrastructure for Nikola's green vehicles.

Nikola (NKLA) Stock Gains on Voltera Partnership

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This Partnership Could Supercharge Growth for EV Stocks

Electric-vehicle startup Nikola Corp said on Tuesday it has partnered with charging facilities operator Voltera to develop up to 50 HYLA-brand hydrogen fueling stations in North America over the next five years.

Nikola, Voltera partner to set up 50 hydrogen fueling stations in N. America

ANAHEIM, Calif. — Financially struggling Nikola Corp. is getting up to $1 billion for 50 of its planned hydrogen fueling stations.

Nikola gets financial partner for 50 hydrogen stations

Creating the largest North American open network of commercial hydrogen refueling stations PHOENIX and ANAHEIM, Calif. , May 2, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, and Voltera, a leading provider of critical infrastructure necessary to support the full decarbonization of transportation, announced a definitive agreement to develop the hydrogen fueling infrastructure required to support Nikola's deployment of its innovative zero-emissions vehicles.

NIKOLA AND VOLTERA ENTER INTO A DEFINITIVE STRATEGIC PARTNERSHIP ON HYDROGEN STATION INFRASTRUCTURE FUNDING FOR UP TO 50 STATIONS

The Zacks Consensus Estimate for Nikola's (NKLA) loss per share and revenues is pegged at 28 cents and $16.25 million, respectively, for the first quarter of 2023.

Nikola (NKLA) to Report Q1 Earnings: What's in the Offing?

Nikola announced the first step into a new major market this week. The first truck for the new order is being delivered right away.

News for Nikola Stock (NKLA)