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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Produced 75 Nikola Tre BEVs in Coolidge, AZ and delivered 63 to dealers Reported revenues of $24.2 million, GAAP net loss per share of $0.54, and non-GAAP net loss per share of $0.28 Completed purchase of land in Buckeye, AZ for hydrogen production hub Signed term sheet for collaboration with E.ON in Europe for hydrogen supply and dispensing infrastructure Announced in November the execution of a Purchase Order for 100 Nikola Tre BEVs by Zeem Solutions Unveiled the European Tre BEV and Tre FCEV at IAA in Hanover, Germany in September Raised $100.5 million in gross proceeds through ATM Completed the acquisition of Romeo Power in October PHOENIX , Nov. 3, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today reported financial results for the quarter ended September 30, 2022. "During the third quarter we continued to produce and deliver Nikola Tre BEVs to dealers and customers," said Nikola President, Michael Lohscheller.

Nikola Corporation Reports Third Quarter 2022 Results

PHOENIX , Nov. 2, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation, energy supply and infrastructure solutions, and Zeem Solutions, the innovative zero-emission EV "fleet-as-a-service" provider, today announced Zeem has executed a purchase order for 100 Nikola Class 8 Tre battery-electric vehicles (BEVs) to ensure immediate availability of electric trucks for freight and logistics companies utilizing Zeem's all-inclusive EV depot fleet solution. Zeem is focused on delivering better economics and a faster, simpler way for commercial fleets to transition to BEVs.

ZEEM SOLUTIONS SIGNS PURCHASE ORDER FOR 100 ZERO-EMISSION NIKOLA TRE BATTERY-ELECTRIC TRUCKS

Nikola Corporation (NASDAQ: NKLA) was surging about 15% higher on Monday. The sharp rise caused the stock to break up from a sideways pattern under which Nikola had been trading since Oct. 10.

Nikola Stock Surges Following KeyState Partnership: Here's Where A New Trend Could Form - Nikola (NASDAQ:NKLA)

Electric vehicle maker Nikola Corp said on Monday it was working with KeyState Natural Gas Synthesis to create Pennsylvania state's first low-carbon hydrogen production supply chain.

Nikola, KeyState to collaborate on hydrogen supply

PHOENIX , Oct. 31, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, and KeyState Natural Gas Synthesis ("KeyState"), a clean hydrogen and chemicals production facility under development, are working together to create Pennsylvania's first low-carbon hydrogen production value chain, which includes full integration of commercial carbon capture and storage. The project is intended to represent the transition to lower emissions transportation, chemicals and manufacturing.

NIKOLA AND KEYSTATE ANNOUNCE INNOVATIVE HYDROGEN SUPPLY COLLABORATION TO SUPPORT NIKOLA FUEL CELL ELECTRIC VEHICLES

A penny stock is generally defined as one that trades for less than $5. Low emissions truck company Nikola has been one for a long time.

Nikola's Penny Stock Short Interest

The Zacks Consensus Estimate for Nikola (NKLA) is pegged at a loss of 39 cents per share for Q3 and the same for revenues is pegged at $22.81 million.

What's in the Offing for Nikola (NKLA) This Earnings Season?

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Hyperbole about hydrogen pricing helped convict Nikola Corp. founder Trevor Milton of fraud in federal court. On Thursday, the electric truck maker laid out plans for 60 hydrogen stations by 2026, enabled by a raft of federal and state incentives.

Nikola gets real on hydrogen with 60 stations planned by 2026

The Inflation Reduction Act (IRA) is expected to provide a significant boost to Nikola's low carbon hydrogen energy business strategy, enabling lower cost hydrogen supply and dispensing infrastructure Nikola's energy business aims to develop access of up to 300 metric-tons of low carbon hydrogen supply and up to 60 hydrogen dispensing stations by 2026 The IRA energy and other climate incentives are anticipated to lower costs across Nikola's expected portfolio creating greater value for Nikola's integrated business model The IRA's incentives for energy and zero-emissions truck manufacturing businesses are expected to further enable Nikola's zero-emission trucks to be competitive on a total cost of ownership basis when compared to traditional diesel vehicles PHOENIX , Oct. 20, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today issued the following statement highlighting key elements of the Inflation Reduction Act (IRA), signed into law by President Biden this past August. The legislation supports every aspect of Nikola's integrated truck and energy business model from the development of zero-emissions vehicle technology through and including low-cost hydrogen production and dispensing infrastructure deployment.

Nikola Highlights Benefits to Integrated Truck and Energy Business Model from The Inflation Reduction Act

It's a headline-grabbing day for electric vehicle (EV) manufacturer Nikola (NASDAQ: NKLA ), but not necessarily in a good way. According to a Bloomberg report, Nikola founder Trevor Milton was convicted of securities fraud as well as wire fraud.

NKLA Stock Alert: What to Know as Nikola's Founder Convicted of Fraud

Alternative energy truck company Nikola's founder Trevor Milton was found guilty of fraud over statements he made about the firm's prospects.

Penny Stock Nikola Continues To Fall

Prosecutors accused Trevor Milton of using social media and interviews on television, podcasts and in print to make false and misleading claims about Nikola's trucks and technology.

Trevor Milton, founder of EV maker Nikola, convicted of fraud for lying about company's tech

Nikola Corp. founder Trevor Milton was found guilty of three federal counts of fraud on Friday following a 3 1/2-week trial in the U.S. District Court for the Southern District in Manhattan, New York. Prosecutors called Milton a liar and “con man” who intentionally defrauded investors in the electric truck startup.

Nikola founder Trevor Milton guilty on 3 fraud counts

Federal jury found Milton guilty of three criminal counts he faced

Nikola Founder Trevor Milton Convicted of Securities Fraud

Nikola Corp. founder Trevor Milton on Friday was convicted by a U.S. jury of fraud in a case alleging he lied to investors about the electric vehicle company's technology.

Trevor Milton, former CEO of Nikola, found guilty of fraud

Acquisition strengthens Nikola's vision to pioneer solutions for a zero-emissions world PHOENIX , Oct. 14, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA) ("Nikola"), a provider of zero-emissions transportation and energy infrastructure solutions, today announced the completion of its acquisition of Romeo Power, Inc. ("Romeo"). "We are pleased to complete the acquisition of Romeo and look forward to executing on the opportunities ahead," said Michael Lohscheller, Nikola's President.

Nikola Completes Acquisition of Romeo Power

A federal jury in New York convicted Nikola Corp. founder Trevor Milton of securities fraud for what prosecutors said were his repeated lies about the development of the company's zero-emissions trucks and technology.

Nikola founder Trevor Milton found guilty of securities fraud over misleading statements

Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.

Nikola Founder Trevor Milton Is Convicted of Fraud

Trevor Milton, who founded electric truck maker Nikola and ran it until September 2020, has been found guilty of fraud related to statements he made while CEO.

Nikola founder Trevor Milton found guilty of fraud over statements he made while CEO of the EV company

Prosecutors allege the former CEO lied to investors about his electric-truck startup's technology.

Jury Hears Closing Arguments in Trial of Nikola Founder Milton

Romeo Power

Nikola said that Romeo Power shareholders have tendered, or turned in, enough shares to allow the deal to go forward.

Nikola can complete its deal to acquire Romeo Power after clearing key hurdle

PHOENIX , Oct. 13, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA) ("Nikola"), a provider of zero-emissions transportation and energy infrastructure solutions, today announced the successful completion of its exchange offer (the "Offer") to purchase all outstanding shares of common stock of Romeo Power, Inc. (NYSE: RMO). The Offer expired at midnight, Eastern Time, at the end of October 12, 2022, and was not extended.

Nikola Completes Exchange Offer to Acquire Romeo Power Common Stock

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Deadline for Romeo stockholders to tender shares is less than 48 hours away: Midnight, Eastern Time, at the end of the day Wednesday, October 12, 2022, unless extended Romeo stockholders who own shares of Romeo common stock through a broker or nominee should contact such broker or nominee to tender as soon as possible to allow sufficient time to meet broker processing deadlines Romeo stockholders should contact Alliance Advisors for assistance by calling toll-free at (855) 643-7453 or by emailing nkla@allianceadvisors.com If less than a majority of the outstanding shares of Romeo's common stock are tendered, the Offer cannot be completed by Nikola and no shares will be exchanged PHOENIX , Oct. 11, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA) ("Nikola"), a provider of zero-emissions transportation and energy infrastructure solutions, today reminds Romeo Power, Inc. (NYSE: RMO) ("Romeo") stockholders to tender their shares into its exchange offer (the "Offer") to purchase all outstanding shares of common stock of Romeo. Romeo stockholders who want to participate in the Offer must tender their shares, as the Offer is scheduled to expire at midnight, Eastern Time, at the end of the day Wednesday, October 12, 2022, unless extended further.

News for Nikola Stock (NKLA)