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 Corp. NKLA, -1.00% said Friday that it will move its battery-making manufacturing operations to Arizona from California, as the Phoenix-based electric vehicle maker looks to “optimize” costs. The move is expected to be completed early in the third quarter, with the Cypress, Calif.

Nikola to move EV battery-making to Arizona, to close California facility this summer

Cypress, Calif. Production Facility to Close by July 2023 PHOENIX , Jan. 13, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero emission transportation and energy supply and infrastructure solutions, today announced that it is moving its battery manufacturing from Cypress, Calif.

Nikola Moves Battery Manufacturing to Coolidge, Ariz.

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Zero emission vehicle manufacturer Lightning eMotors Inc said on Tuesday it "lost significant" sales volume in the fourth quarter, citing battery supply issues from a Nikola Corp subsidiary.

Lightning eMotors flags sales loss due to supply issues from Nikola unit

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Hyzon Motors

Nikola Corporation and Hyzon Motors Inc. kickstarted 2023 with uncertainty over their respective futures. Both FCEV truck companies have suffered huge drawdowns over the last 12 months and are trading closer to Nasdaq's $1 minimum listing requirement.

Nikola And Hyzon Are Now In A Struggle To Survive

Is more debt the solution to Nikola's problems?

Why Nikola Stock Dropped on Dec. 30, 2022

Nikola has made progress on several fronts as it gets closer to launching its hydrogen-fueled semi truck, but the stock is still sliding.

Why Nikola Stock Is Sinking This Week

If Nikola qualifies for California's $240,000 subsidy on its Tre hydrogen fuel cell electric truck and some other spiffs apply, a buyer could save 40% to $70% off the upfront cost of the zero-emission truck. The technology — a fuel cell's only emission is water vapor — still makes the Tre FCEV pricey.

Incentives could shave 70% off price of Nikola fuel cell truck

Another day, another insider sale from former Nikola (NASDAQ: NKLA ) CEO Mark Russell. Since September, Russell has sold 75,000 shares of NKLA stock nearly every other day.

Former CEO Mark Russell Just Sold Nikola (NKLA) Stock

California HVIP Incentive Program Eligibility Underway PHOENIX , Dec. 22, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero tailpipe emission transportation and energy supply and infrastructure solutions, announced that it has received a California Air Resources Board ("CARB") Zero Emission Powertrain ("ZEP") Executive Order that is a requirement 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. Following receipt of this Executive Order, Nikola has submitted an application for eligibility of the Nikola Tre FCEV as an authorized vehicle under the HVIP program for a base incentive amount valued at $240,000 per FCEV truck.

Nikola Tre FCEV Receives CARB Executive Order

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Nikola and E.ON partner to combine sales of Nikola hydrogen fuel cell trucks with services and hydrogen fueling infrastructure solutions Hydrogen will be supplied to operate up to 5,000 Nikola hydrogen fuel cell electric vehicles in Europe by 2027, further accelerating the following years Annual CO2 savings are expected to be around 560,000 metric-tons by 2027, further increasing the following years ESSEN, Germany, Dec. 21, 2022 /PRNewswire/ -- Nikola Energy and E.ON Hydrogen, confirmed their goal of making hydrogen fuel cell electric vehicles (FCEVs) cost competitive to diesel trucks, in terms of total cost of ownership. This is an important step on the road to decarbonizing heavy-duty transport.

NIKOLA AND E.ON ANNOUNCE PLANS TO ACHIEVE CO2 SAVINGS OF 560,000 METRIC-TONS ANNUALLY BY 2027

Nikola failed to make the necessary progress to make the stock a Buy. The hydrogen energy business isn't enough to make the stock worthy of an investment with the large cash burn from the truck business.

Nikola: Not Enough Progress

It's been a rough year for automotive stocks, and Nikola (NASDAQ: NKLA ) is no exception. Shares of NKLA stock are down by over 70% year-to-date, although the stock is up by about 10% today.

Former Nikola CEO Mark Russell Keeps Selling NKLA Stock

Plug Power

Both companies will benefit from growing adoption of hydrogen as a fuel.

Why Plug Power Shares Dropped While Nikola Soared Friday

On Thursday, Nikola and Plug Power announced a new, multi-faceted strategic collaboration. On the surface, the core large-scale green hydrogen supply agreement appears to be a win-win situation for both companies.

Nikola: Strategic Collaboration With Plug Power Unlikely To Come To Fruition

Nikola Corp founder Trevor Milton asked a judge in New York on Thursday to overturn his conviction on charges of defrauding investors in the electric vehicle company, saying a juror who decided the case concealed her bias against the ultrawealthy.

Nikola founder seeks new trial, says juror concealed bias against wealthy

Electric vehicle manufacturer Nikola Corp (NASDAQ:NKLA) announced it will sell up to 75 of its Tre fuel-cell electric vehicle to hydrogen solutions provider Plug Power (NASDAQ:PLUG) over a three-year period. The Tre vehicles will work with Plug's liquid hydrogen tankers to help deliver green hydrogen to North American customers, Nikola said in a statement.

Nikola inks deal with Plug Power for Tre fuel-cell electric vehicles, hydrogen supply

Electric truck manufacturer Nikola Corp. will buy 100 metric tons of hydrogen a day from Plug Power in exchange for selling Plug Power up to 75 fuel cell electric trucks over the next three years. Nikola's hydrogen-powered fuel cell Class 8 cabover truck goes into production next year at a greenfield plant in Coolidge, Arizona.

Plug Power will buy up to 75 Nikola fuel cell trucks

The fuel cell maker will provide Nikola with 125 tons per day of the carbon-free fuel as well as liquefaction equipment and will also purchase 75 of its hydrogen-powered Tre semis.

Nikola And Plug Power Form Green Hydrogen, Fuel Cell Truck Supply Partnership

Nikola and Plug Power both have ambitions to be hydrogen-economy leaders.

Competitors Unite? Nikola, Plug Power Team Up for the Good of Hydrogen.

Plug Power Inc. is set to buy a fleet of Nikola Corp. hydrogen-powered trucks as the two companies announced a strategic partnership on Thursday.

Plug Power to buy fleet of Nikola hydrogen-powered semi trucks

Shares of Plug Power (NASDAQ: PLUG ) are in full focus, as the company announced this morning it had entered into a green hydrogen supply agreement with Nikola (NASDAQ: NKLA ). As part of the agreement, Plug will purchase up to 75 Nikola Tre fuel cell electric vehicles (FCEVs) over the next three years, while Nikola will purchase a 30 tons per day (TPD) liquefaction system for its new Arizona hydrogen facility.

PLUG Stock Alert: What to Know About Plug Power's Deal With Nikola

Electric truck maker Nikola Corp said on Thursday that it would sell up to 75 Tre hydrogen-powered trucks over three years to fuel-cell technology developer Plug Power Inc.

News for Nikola Stock (NKLA)