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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PlusDrive-enabled Nikola Tre vehicles to be launched in 2024 PGT Trucking, Christenson Transportation, and other fleets to pilot the vehicles PHOENIX , Feb. 22, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced that it has selected PlusDrive, the next generation safety system developed by Plus, for the Nikola Tre battery-electric vehicle (BEV) and the hydrogen electric vehicle in the U.S. The first factory-installed Nikola Tre BEVs and hydrogen electric vehicles that will incorporate enhanced driver assistance features powered by PlusDrive will be available by the end of 2024. "The enhanced driver assistance features are yet another differentiator of Nikola's premium driver experience for our customers," said Michael Lohscheller, President and CEO, Nikola Corporation.

NIKOLA TO BE FIRST U.S. TRUCK MANUFACTURER TO ADD PLUSDRIVE NEXT GENERATION SAFETY SYSTEM TO CLASS 8 ELECTRIC TRUCKS

West Sacramento marks the fourth location as scaling of the Nikola hydrogen network continues to progress PHOENIX , Feb. 21, 2023 /PRNewswire/ --   Nikola Corporation  (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure  solutions, today announced its HYLA brand's fourth California hydrogen station location, building on its planned station network to advance and scale its long-term hydrogen distribution solutions to service market demand. Nikola's integrated energy and zero-emissions truck portfolio will be underpinned by developing hydrogen supply and refueling infrastructure, an essential step in helping to decarbonize the heavy-duty transport sector.

NIKOLA ANNOUNCES ADDITIONAL HYLA BRANDED HYDROGEN REFUELING STATION IN CALIFORNIA

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Nikola's (NKLA) Tre FCEV customers benefit from the point-of-sale incentive program along with the vehicle tax credit offered under the Inflation Reduction Act.

Nikola's (NKLA) Tre FCEV is Now Eligible for CARB HVIP Program

After losing some value lately, a hammer chart pattern has been formed for Nikola (NKLA), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why Nikola (NKLA) Is a Great 'Buy the Bottom' Stock Now

Nikola is burning cash but is unlikely to go bankrupt soon. 2024 will be a big year for the company.

Nikola Is Far From Done, If You Are A Long-Term Investor

Fleets Eligible for $240,000 to $288,000 in California Incentives per Truck PHOENIX , Feb. 7, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emission transportation and energy supply and infrastructure solutions, announced that it has received approval from the California Air Resources Board ("CARB") for Nikola's Tre hydrogen fuel cell electric vehicle ("FCEV") to be eligible for CARB's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project ("HVIP") program. This approval will now enable customers of Nikola's Tre FCEV to access a point-of-sale incentive starting at $240,000 and ranging up to $288,000 per truck, in 2023.

Nikola Tre FCEV Receives CARB HVIP Incentive Eligibility

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Nikola Corp. is sending 15 hydrogen-powered fuel cell trucks to California in the fourth quarter. It's the first step in fulfilling Anheuser-Busch InBev's long-standing order for up to 800 of the zero-emission vehicles.

Nikola brands hydrogen, begins filling Anheuser-Busch fuel cell order

Much like Tesla, the company is building its own fueling network to keep its hydrogen trucks running. It plans to operate 60 fuel stations by 2026.

Nikola To Run Hydrogen Production, Fuel Cell Truck Stations Under ‘HYLA' Brand

Phoenix Event Showcases Nikola's Strengths as An Integrated Truck and Energy Company FCEV Truck, Mobile Fueling Trailer Demonstrated to Attendees PHOENIX , Jan. 25, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emission transportation and energy supply and infrastructure solutions, announced at a special event today that it has created a new global brand, HYLA, to encompass the company's energy products for producing, distributing and dispensing hydrogen to fuel its zero-emissions trucks. More than 300 fleet, government, supplier, energy and media representatives were on site for the announcement at Nikola's U.S. headquarters in Phoenix, which highlighted the progress made by Nikola's energy and truck businesses.

Nikola highlights its integrated hydrogen solution and introduces new hydrogen energy brand "HYLA"

PHOENIX , Jan. 25, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced that Biagi Bros. Inc. plans to take delivery in the fourth quarter of 2023 of 15 Nikola Tre hydrogen fuel-cell electric vehicles (FCEVs) in Ontario, Calif.

15 Nikola Tre FCEVs Headed to Biagi Bros. Inc. in California in Q4 2023

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PHOENIX , Jan. 24, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, and Fortescue Future Industries (FFI) have executed a memorandum of understanding (MOU) to collaborate on and evaluate the co-development of large-scale U.S. green hydrogen production facilities. Supply of green hydrogen for any potential projects will be underpinned by Nikola as a potential offtaker, which has a large demand for green hydrogen in order to decarbonize the transportation sector and other industries.

FORTESCUE FUTURE INDUSTRIES (FFI) AND NIKOLA TO COLLABORATE AND INVEST IN THE CO-DEVELOPMENT OF LARGE-SCALE U.S. GREEN HYDROGEN PRODUCTION PROJECTS

A German provider of integrated energy solutions has signed a letter of intent to purchase 100 hydrogen-powered trucks from Nikola Corp. It is the startup's first prospective European customer for Nikola Tre fuel cell electric vehicles. A letter of intent is not the same as a purchase order.

Nikola gets boost to European fuel cell truck business

Nikola Press Center It looks like Nikola (NASDAQ: NKLA ) and its shareholders just received some good news. Reportedly, Nikola has announced a letter of intent (LOI) for an order of 100 electric vehicles (EVs) from GP Joule.

Nikola (NKLA) Stock Pops 5% on 100-Vehicle Order

The Nikola Tre FCEVs will be among the first produced by the Nikola Iveco Europe joint venture ULM, Germany , Jan. 23, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, and IVECO, the brand of Iveco Group (MI: IVG) that designs, manufactures, and markets heavy, medium, and light-duty trucks, today announced a Letter of Intent for an order of 100 Class 8, heavy-duty Nikola Tre hydrogen Fuel Cell Electric Vehicles (FCEVs) from GP JOULE, a system provider for integrated energy solutions based in Reussenkoege, Germany. The Nikola Tre FCEVs in the European 6x2 variant will be manufactured by the joint venture between Nikola and Iveco Group at the site created in Ulm, Germany.

GP JOULE to order 100 Nikola Tre Fuel Cell Electric Vehicles

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700 bar mobile fueler capable of direct fueling PHOENIX , Jan. 18, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emission transportation and energy supply and infrastructure solutions, announced that it has developed an innovative, heavy-duty, 700 bar (10,000 psi) hydrogen mobile fueler capable of direct fueling hydrogen fuel cell electric vehicles (FCEVs). Nikola's mobile fueler program includes its own mobile fuelers as well as a number of third party mobile fuelers, which will provide Nikola's customers with a variety of flexible fueling options.

Nikola Launches First Hydrogen Fuel Cell Truck Mobile Fueler

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PHOENIX , Jan. 17, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced it will report its fourth quarter and full year ended December 31, 2022 financial results on Thursday, February 23, 2023. On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m.

NIKOLA CORPORATION ANNOUNCES DATE FOR FOURTH QUARTER AND FULL YEAR 2022 RESULTS AND WEBCAST AND Q&A PLATFORM FOR SHAREHOLDERS

The future of up to 400 former Romeo Power Inc. workers is unclear after Nikola Corp. said Friday it would close a practically new battery-making plant in Cypress, California, and move the work to its own assembly plant in Coolidge, Arizona. Nikola filed a Worker Adjustment and Retraining Notification Act (WARN) notice for the plant that Romeo opened in June, a spokeswoman said.

News for Nikola Stock (NKLA)