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 (NKLA) plans to sell 29.9 million shares in a traditional public offering and 59.9 million shares to Antara Capital to raise $100 million to cover high production costs.

Nikola (NKLA) to Raise $100M to Keep Up With Rising Costs

Given the company's weak operating results, high cash burn and stock dilution concerns, we don't recommend buying shares of Nikola (NKLA) even at the current price levels.

Nikola (NKLA) Shares a Deal After Hitting an All-Time Low?

Nikola Corp (NASDAQ: NKLA) is trading about 15% down this morning after the electric vehicles company sold its stock at a deep discount. Nikola sold its stock at a 20% discount On Friday, the Arizona-based company raised $100 million via a secondary stock offering that it plans on deploying as working capital.

Nikola shares down 15% on secondary stock offering: buy the dip?

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The Golden State is eliminating sales of gasoline-powered cars by 2035. Now it wants half of the heavy-duty trucks in operation in California to be all-electric by then.

California Is Boosting Shares of Electric-Truck Makers

Analysts downgraded the stock to "neutral" from "buy."

Nikola shares plummet to record low on $100M stock-sale plan

The company seems desperate to raise money. A new stock offering is being priced well below the stock's all-time low.

Why Nikola Stock Is Sinking Again Today

Nikola (NASDAQ: NKLA ) is trending on social media, and NKLA stock is falling 7.5% today after the electric-truck maker announced a stock offering of as much as $100 million. The shares will be sold for $1.12 each, well below yesterday's closing price of $1.40.

NKLA Stock: The $100 Million Reason Nikola Is Down Today

Nikola's $100 million stock offering got a cool reception on Wall Street, even with a discount.

Nikola shares sink after its $100 million stock offering priced at 20% below market

EV startups need money. Nikola is raising more.

Nikola Sells Stock at a Discount. It Needs the Cash.

Electric truck maker Nikola Corp (NASDAQ:NKLA) is planning to sell shares to raise US$$100mln. The EV group is taking a two-pronged approach: It will offer stock to the public at US$1.12 a share but also has an unnamed private investor on hand to pick up the slack if the offering doesn't reach its target.

Nikola Corporation to raise US$100mln via stock offering

PHOENIX , March 30, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA) today announced the pricing of an SEC-registered underwritten public offering and concurrent registered direct offering at a price of $1.12 per share. Nikola will sell 29,910,715 shares of common stock to the public in the public offering and 59,374,999 shares of common stock to an investor in the concurrent registered direct offering pursuant to a forward stock purchase agreement.

Nikola Announces Pricing of $100.0 Million Common Stock Transactions

Nikola Corp. filed a $100 million public offering of company stock. with a private buyer agreeing to buy shares the company cannot sell.

Nikola shares plunge to all-time low after $100M stock offering

Nikola plans to raise $100 million via a secondary offering, and possibly a private investment, if needed.

Nikola announces a $100 million stock offering

Nikola Inc. NKLA, -6.67% shares declined toward an all-time low in after-hours trading Thursday, as the car maker announced plans to sell shares. Nikola announced a plan to sell $100 million in stock, along with a concurrent direct offering with an unnamed investor for another $100 million.

Nikola stock falls toward another record low as share sale announced

PHOENIX , March 30, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA) today announced that it has commenced an SEC-registered underwritten public offering of up to $100.0 million of shares of its common stock, before deducting underwriting discounts and commissions and other offering expenses. Nikola expects to grant the underwriter a 30-day option to purchase up to an additional $15.0 million of shares of its common stock at the public offering price, less underwriting discounts, and commissions.

Nikola Announces $100.0 Million Public Offering of Common Stock

A week full of company news still has investors feeling uncertain on Nikola's prospects. Today the company announced it has placed purchase orders for hydrogen fuel equipment and infrastructure.

Why Nikola Shares Dropped Today

Nikola (NKLA) and its dealer receive a 100-unit sales order for Class 8 Nikola Tre hydrogen FCEVs. The company appoints Anastasiya Pasterick as Nikola's new CFO.

Nikola (NKLA) Receives 100 Sale Orders for Class 8 FCEV

Nikola Press Center Are you ready for a double shot of Nikola (NASDAQ: NKLA ) news? First up, the automaker just disclosed orders for a total of 100 Class 8 Nikola Tre hydrogen fuel cell electric vehicles (FCEVs).

NKLA Stock Alert: Nikola Announces 100-Vehicle FCEV Order

Nikola Corp. Chief Financial Officer Kim Brady will retire in April as the electric truck maker's finances raise survivability questions. Brady, 59, served five years as CFO.

Amid financial peril, Nikola changes CFO

Chief Financial Officer Kim Brady is retiring, and Anastasiya Pasterick will take the post at the maker of electric and fuel-cell-powered trucks.

Nikola Is Getting a New Financial Chief

Electric-vehicle company Nikola Corp. NKLA, +0.67% announced Monday that Chief Financial Officer Kim Brady plans to retire from her post effective April 7. Brady will be succeeded by Stasy Pasterick, the company's current corporate controller, though she will stay on with the company through April 28 in a non-executive capacity to assist with the transition.

Nikola CFO Brady to step down, will be succeeded by controller Pasterick

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Kim J. Brady to retire as Chief Financial Officer of Nikola Corporation, effective April 7, 2023 Anastasiya "Stasy" Pasterick, current Nikola Corporation Vice President, Corporate Controller, has been named successor PHOENIX , March 27, 2023 /PRNewswire/ -- Nikola Corporation  (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced that Chief Financial Officer (CFO) of Nikola Corporation, Kim J. Brady, will retire as CFO effective April 7, 2023.

NIKOLA ANNOUNCES LEADERSHIP SUCCESSION; ANASTASIYA PASTERICK TO BECOME CHIEF FINANCIAL OFFICER

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Why Canoo, Nikola, and Lordstown Motors Are Falling Today

COOLIDGE, Ariz. — Electric truck and hydrogen maker Nikola Corp.'s financial struggles — a  near-record-low stock price, weak cash position and inability to access reasonably priced capital — feed legitimate concerns about its survival.

Nikola matures as an electric truck manufacturer

Nikola Corp. NKLA said late Thursday it is moving its battery manufacturing from Cypress, Calif., to its Coolidge, Ariz.

News for Nikola Stock (NKLA)