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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Ahead of schedule, company expedites ability to bring manufacturing under one roof PHOENIX , March 16, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero emission transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced that the move to transition battery manufacturing from Cypress, Calif. to its Coolidge, Ariz.

NIKOLA TO COMPLETE BATTERY MANUFACTURING MOVE FROM CYPRESS, CALIF. TO COOLIDGE, ARIZ.

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One analyst thinks there is strong upside for this embattled stock. Nikola plans to be the first to market with a fuel cell heavy truck this year.

Why Nikola Shares Jumped Today

Nikola and Iveco signed a partnership to build in Ulm, Germany, the Nikola Tre. Since 2019, things have played out much differently from the original plan and Nikola Tre BEV production has just started.

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Nikola Corp.'s acquisition of struggling battery startup Romeo Power Inc. has spilled into federal court with Lion Electric Co. claiming Nikola tried to poach its customers after canceling a battery supply agreement Lion had with Romeo Power. In a civil case filed in the U.S. District Court for Arizona, Lion claimed Nikola told Romeo to raise prices on a previously agreed-to contract with Lion for all but 40 of 296 battery packs Lion ordered for its Lion 8T Class 8 electric truck.

Lion Electric sues Nikola over canceling Romeo battery contract

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Nikola Corp. booked $6.5 million in revenue in the fourth quarter. But the cost of those sales was more than seven times as much.

Nikola books Q4 revenue but it was really expensive

Nikola Corporation (NASDAQ:NKLA ) Q4 2022 Earnings Conference Call February 23, 2023 10:30 AM ET Company Participants Dhillon Sandhu - Investor Relations Michael Lohscheller - Chief Executive Officer Kim Brady - Chief Financial Officer Conference Call Participants Douglas Dutton - Evercore ISI Jeff Kauffman - Vertical Research Partners Bill Peterson - J.P. Morgan Jeff Osborne - Cowen & Company Mike Shlisky - D.A.

Nikola Corporation (NKLA) Q4 2022 Earnings Call Transcript

Nikola Corp. reported rising expenses and declining revenue, cutting into its cash reserves as it works to accelerate production of zero-emissions trucks.

Nikola's Costs Rise Ahead of Hydrogen-Electric Truck Launch

Thanks to a weak Q4 2022 earnings report, shares are giving back the gains they'd made since the start of the year.

Why Nikola's Stock Is Moving in Reverse Today

Nikola (NKLA) delivered earnings and revenue surprises of 19.57% and 80.77%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Nikola (NKLA) Reports Q4 Loss, Misses Revenue Estimates

Michael Lohscheller became Nikola Corp.'s third CEO late in 2022. He rapidly has focused the company on conserving cash while meeting its promise for a hydrogen fuel cell Class 8 truck by the second half of this year.

CEO steers Nikola to localization of batteries and fuel cells

Nikola Press Center Nikola (NASDAQ: NKLA ) stock is on the rise Thursday after the EV company announced a new agreement with E.ON and Richter Group . According to a news release covering the deal, Nikola will supply Richter Group with 20 of its Class 8, heavy-duty Nikola Tre hydrogen-electric vehicles.

Why Is Nikola (NKLA) Stock Up Today?

Shares of Nikola Corp. NKLA, -2.51% climbed 1.7% in premarket trading Thursday, after the electric vehicle maker reported a narrower-than-expected loss but revenue that fell well short of forecasts. Net losses widened to $222.1 million, or 46 cents a share, from $90.9 million, or 39 cents a share, in the year-ago period.

Nikola stock rises after losses were less than expected, but revenue missed

Nikola Corp's fourth-quarter revenue missed Wall Street expectations on Thursday as the electric truck maker delivered fewer vehicles to dealers than it produced.

EV maker Nikola misses quarterly revenue estimates on weak deliveries

Nikola said it made a series of changes to its battery-electric truck during the quarter in response to feedback from early customers.

Nikola's fourth-quarter revenue falls short as it delivers just 20 trucks

Reported GAAP net loss per share of $0.46 and non-GAAP net loss per share of $0.37 for Q4 2022 Advancing deployment of zero-emissions trucks in fleets through innovative integrated mobility solutions Entered into partnership with ChargePoint allowing Nikola and our dealers to resell ChargePoint products Unveiled the first HYLA hydrogen mobile fueler, providing flexible, capital-efficient fueling infrastructure On track to be first to market and commercialize fuel cell electric vehicles (FCEVs) with deliveries expected in Q4 2023 Received Tre FCEV orders for up to 75 from Plug Power and 15 from Biagi Brothers Continued to execute on and build our energy business with partners Furthered development on Phoenix Hydrogen Hub, invitation to Phase II Department of Energy (DOE) loan process, Final Investment Decision expected Q3 2023 Strategic partnership with Plug Power for nationwide hydrogen supply of up to 125 metric-tons per day Expected collaboration with Fortescue Future Industries (FFI) for green hydrogen projects across the country PHOENIX , Feb. 23, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation solutions, today reported financial results for the quarter and full-year ended December 31, 2022. "During the fourth quarter we strengthened our commercial and sales operations, which is expected to lead to increased sales and accelerated customer deliveries," said Nikola CEO, Michael Lohscheller.

Nikola Corporation Reports Fourth Quarter and Full Year 2022 Results

Richter Group will receive hydrogen electric trucks, the required green hydrogen, and the refuelling infrastructure from Nikola and E.ON beginning in 2024 onwards  The logistics service provider plans to transition their fleet of 160 trucks towards the Class 8 Nikola Tre hydrogen electric truck over the next four to five years ULM, Germany , Feb. 22, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, E.ON and Richter Group, today announced a Letter of Intent for an initial order of 20 Class 8, heavy-duty Nikola Tre hydrogen electric vehicles and the hydrogen needed to supply them. Richter Group is a leading provider of individual logistics services comprising hub and direct transport solutions for courier, express and parcel clients.

NIKOLA AND E.ON SIGN COLLABORATION AGREEMENT WITH RICHTER GROUP TO DECARBONIZE THEIR HEAVY-DUTY FLEET IN GERMANY

The Zacks Consensus Estimate for Nikola's (NKLA) loss per share and revenues is pegged at 46 cents and $34.12 million, respectively, for the fourth quarter of 2022.

Nikola (NKLA) to Report Q4 Earnings: Here's What to Expect

Nikola said several of its fleet customers, including PGT Trucking and Christenson Transportation, have agreed to test prototype PlusDrive-enabled semitrucks.

Nikola will offer a driver-assist system for its trucks starting next year

Nikola Corp. will test autonomous driving software from Plus on its battery- and fuel cell-electric trucks later this year and become the first zero-tailpipe-emission truck maker to make it standard in 2024. Plus requires drivers in the cab as it opens up more autonomous features through its PlusDrive system.

News for Nikola Stock (NKLA)