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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Romeo Power

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Romeo Power, Inc. (NYSE: RMO) to Nikola Corporation (NasdaqGS: NKLA). Under the terms of the proposed transaction, shareholders of Romeo will receive only 0.1186 of a share of Nikola for each share of Romeo that they own. KSF is seeking to determine whether this consideration and the process that led to it are

ROMEO POWER INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Romeo Power, Inc. - RMO

Fisker Inc

Lucid Group

When Fisker, Lucid and Nikola report earnings this week, here are key milestones to watch. NKLA stock popped Monday on acquisition news.

EV Stocks: Fisker, Lucid, Nikola Tee Up For Earnings As NKLA Stock Pops On Battery Deal

NEW YORK , Aug. 1, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Romeo Power, Inc. ("Romeo" or the "Company") (NYSE: RMO), in connection with the proposed acquisition of the Company by Nikola Corporation ("Nikola") (NASDAQ: NKLA) via tender offer.  Under the terms of the merger agreement, the Company's shareholders will receive 0.1186 shares of Nikola common stock for each Romeo share owned, representing implied per-share merger consideration of approximately $0.74 based upon Nikola's July 29, 2022 closing price of $6.22.

SHAREHOLDER ALERT: Weiss Law Investigates Romeo Power, Inc.

Nikola is buying the supplier of its battery packs in an all-stock deal worth $144 million.

Here's What Made Nikola Shares Pop Today

Gaining control over a key part of its supply chain, Nikola Corp. ( NKLA , Financial) announced on Monday it is buying battery pack provider Romeo Power Inc. ( RMO , Financial) in a deal valued at $144 million.

Nikola to Buy Struggling Battery Maker Romeo Power

Shares of Nikola (NASDAQ: NKLA ) are in the spotlight after the company announced that it will acquire Romeo Power (NYSE: RMO ) for $144 million in an all-stock transaction. NKLA stock is trending slightly upward on the news today.

NKLA Stock Alert: What to Know About Nikola's Deal for Romeo Power

Romeo Power (NYSE: RMO ) stock rose 23% in early trade Aug. 1 after struggling electric vehicle maker Nikola (NASDAQ: NKLA ) said it would buy it for $144 million in stock. The deal values Romeo at a 34% premium to its July 29 close.

Romeo Power (RMO) Stock Soars on Nikola Deal

Nikola (NKLA) is buying Romeo Power (RMO) in a $144 million deal. These are the details.

Why Nikola (NKLA) Is Buying Romeo Power (RMO) For About $144 Million

On August 1, Nikola Corporation (NASDAQ: NKLA) and Romeo Power Inc.

Nikola snags battery production company – stock down in premarket

Nikola will acquire Romeo Power, a key supplier of battery packs for its trucks, in a $144 million all-stock transaction.

Nikola to acquire battery-pack supplier Romeo Power in $144 million deal

Electric truck maker Nikola Corp. NKLA, -2.51% has agreed to acquire Romeo Power Inc. RMO, +4.74% for 74 cents a share in stock or a total of $144 million, the companies said in a joint statement. Romeo, which is based in Cypress, California, makes storage technology for commercial vehicles that is focused on making lithium-ion battery modules and packs.

Nikola to acquire Romeo Power for 74 cents a share or about $144 million in all-stock deal

CEO Mark Russell says the move ensures stable battery pack supplies as Nikola ramps up electric semi-truck production.

Nikola Is Buying Struggling Battery Maker Romeo Power For $144 Million

Acquisition will secure control of critical battery pack engineering and production process Transaction expected to yield annual cost savings of up to $350 million by 2026 Romeo's Cypress, California facility will become Nikola's Battery Center of Excellence Nikola to host analyst and investor webcast on August 1 at 11:00 a.m. Eastern Time (8:00 a.m.

Nikola Agrees to Acquire Romeo Power, To Bring Battery Pack Engineering and Production In-House

Nikola Corp. is acquiring struggling startup Romeo Power Inc. in a $144 million all-stock deal that Nikola says will assure its supply of battery packs critical to assembling electric trucks.  The transaction exchange ratio implies Romeo's shares are worth 74 cents each, a 34% premium to its closing price Friday of 55 cents.

Nikola acquires struggling Romeo Power to secure battery supply

Nikola Corp, the electric- and hydrogen-powered truck maker, on Friday asked a U.S. judge to quash a subpoena from founder and former Chief Executive Trevor Milton as he defends against criminal fraud charges, calling it an overbroad "fishing expedition."

Nikola seeks to quash subpoena from founder Milton for his criminal case

Blink Charging

Lordstown Motors

After spiking yesterday, some EV company stocks got a reality check today.

Why Nikola, Lordstown, and Blink Charging Stocks Dropped Today

Tesla

The Senate is closer to passing a bill that includes EV tax credits.

Why Tesla, Nikola, and Lordstown Motors Stocks Are Rising Today

Source: Stephanie L Sanchez / Shutterstock.com Nikola (NASDAQ: NKLA ) stock is charging higher on Thursday as investors react to news concerning the Inflation Reduction Act of 2022. The big news affecting NKLA stock today is Sen.

Nikola (NKLA) Stock Gains on Inflation Reduction Act News

DEADLINE TO VOTE: August 1, 2022 at 11:59 p.m. Eastern Time VOTE BY PHONE: North America – (855) 935-2562 or International – 1-(207) 607-7123 VOTE ONLINE: www.proxyvote.com PHOENIX , July 28, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, encourages ALL stockholders to VOTE NOW for Proposal 2.

FIVE DAYS LEFT for Nikola Stockholders to VOTE FOR Proposal 2

The electric truck maker is finally ramping up its production.

Is Nikola Stock a Buy Now?

Indicted Nikola Corp. founder Trevor Milton claims the electric truck manufacturer is violating his constitutional rights. Nikola seeks a protective order to block his attorneys from using conversations between the company lawyer and employees in his upcoming trial.

Indicted founder claims Nikola violating his constitutional rights

DEADLINE TO VOTE: August 1, 2022 at 11:59 p.m. Eastern Time VOTE BY PHONE: North America – (855) 935-2562 or International – 1-(207) 607-7123 VOTE ONLINE: www.proxyvote.com Support Nikola's future growth by VOTING FOR Proposal 2 PHOENIX , July 26, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, strongly urges ALL stockholders to VOTE FOR Proposal 2 IMMEDIATELY.

NIKOLA STOCKHOLDERS: VOTE NOW to Help Secure the Less Than 0.25% of Outstanding Shares Needed to Approve Proposal 2!

DEADLINE TO VOTE: August 1, 2022 at 11:59 p.m. Eastern Time VOTE BY PHONE: North America – (855) 935-2562 or International – 1-(207) 607-7123 VOTE ONLINE: www.proxyvote.com CEO Mark Russell highlights importance of ALL stockholders' votes in new video PHOENIX , July 20, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, strongly urges ALL stockholders to vote IMMEDIATELY for Proposal 2 ahead of the Annual Meeting of Stockholders at 3:00 p.m.

ATTENTION NIKOLA STOCKHOLDERS - LESS THAN 0.5% OF OUTSTANDING SHARES NEEDED TO PASS PROPOSAL 2!

Financial flexibility at stake as electric truck maker beats bushes for proxies

Nikola falls short again in proxy fight to increase share count

Nikola is trying to win enough shareholder votes to overcome ex-CEO Trevor Milton's objection to issuing new stock.

News for Nikola Stock (NKLA)