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. shareholders voted with their feet in at least temporarily turning aside the electric truck manufacturer's proposal to increase its authorized shares. If the measure ultimately fails, the startup's ability to borrow in the future could be hampered.

Nikola investors balk at raising share count

Meeting adjourned to June 30, 2022, at 9:00 a.m., Pacific Time Nikola encourages all stockholders of record at the close of business on April 4, 2022 who have not yet voted, to vote by 11:59 p.m.

Nikola Announces Adjournment of Annual Meeting of Stockholders

Nikola shares look to be in a bit of a short squeeze after short interest spiked in May.

Why Nikola Shares Are Popping This Week

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Is Nikola Stock Finally Ready to Drive Higher?

Nikola Corporation (NASDAQ:NKLA ) Q1 2022 Earnings Conference Call May 5, 2022 9:30 AM ET Company Participants Mark Russell - CEO Kim Brady - CFO Michael Lohscheller - President, Nikola Motor Division Conference Call Participants Chris McNally - Evercore ISI Mike Shlisky - D.A. Davidson Joseph Spak - RBC Capital Markets Bill Peterson - JPMorgan Jeff Osborne - Cowen Operator Good morning.

Nikola Corporation (NKLA) CEO Mark Russell on Q1 2022 Results - Earnings Call Transcript

Nikola Corp. posted its first-ever gross profit in Q1, a milestone for the electric truck maker that also recorded 134 heavily incentivized orders from fleets planning to operate in California. The startup electric truck maker began regular production of its battery-electric Class 8 Tre BEV cabover on March 21.

Nikola posts first, albeit tiny, gross profit on electric truck chargers

Nikola Corp (NASDAQ: NKLA) gapped up over 5% higher on Thursday and spiked up an additional 9% before being pressured down toward Wednesday's closing price by the general markets, with the S&P 500 plunging 3.75% lower by midday. The surge was caused by Nikola printing better-than-expected.

Nikola Stock Signals Massive Reversal But Will The Pattern Hold?

Nikola shipped its first commercially available battery electric trucks to dealers.

Why Nikola Stock Popped After Earnings

Shares of Nikola Corp. NKLA, +3.45% rallied 1.8% in premarket trading Thursday, after the electric vehicle company reported a narrower-than-expected first-quarter loss and revenue of nearly $2 million that was well above expectations. The net loss widened to $79.15 million, or 37 cents a share, from $53.43 million, or 31 cents a share, in the year-ago period.

Nikola stock rises after narrower-than-expected loss, revenue of nearly $2 million that was well-above forecasts

Nikola Corp reported wider quarterly losses on Thursday, with the electric-truck maker incurring higher costs as it ramped up production of its electric semi trucks.

Nikola posts wider quarterly loss as production costs rise

Nikola reported a Q1 loss per share that was narrower than Wall Street expected and confirmed that its fuel cell truck is on track for a 2023 launch.

Nikola reports start to production and surprise revenue for Q1, expects to deliver at least 300 EV trucks in 2022

Began serial production of the Nikola Tre BEV on March 21 Received Purchase Orders (POs) for 134 Tre BEVs utilizing California's HVIP[1] incentive through April Shipped 11 saleable production trucks to dealers in April for customer delivery Completed Tre FCEV alpha pilot testing with Anheuser-Busch (A-B) in Southern California operations in April Completed Phase 1 of Coolidge, Arizona manufacturing facility in March Announced $200 million Senior Note Investment by Antara Capital PHOENIX , May 5, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation solutions, today reported financial results for the quarter ended March 31, 2022. "During the first quarter, we reached a significant milestone with the start of serial production for the Nikola Tre BEV at our Coolidge, Arizona manufacturing facility and are currently delivering saleable trucks to dealers for customer deliveries," said Mark Russell, Nikola's Chief Executive Officer.

Nikola Corporation Reports First Quarter 2022 Results

Investors will be looking for any changes to its 2022 production estimates.

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The Zacks Consensus Estimate for Nikola (NKLA) Q1 loss is pegged at 27 cents per share. The projection implies a year-over-year deterioration of 92.8%.

How's Nikola (NKLA) Placed Ahead of Q1 Earnings Release?

Nikola Corp. cut a deal for $200 million in cash with an investor, offering convertible notes that can be paid off in cash or discounted shares. The startup is rounding up new money for the production ramp of electric trucks at a new plant where it provided tours last week.

Nikola cuts deal for $200M through sale of senior debt

Nikola Corp (NASDAQ: NKLA) disclosed that an institutional investor has agreed to make a $200 million investment by purchasing Convertible Senior Notes. Funds advised by Antara Capital LP have agreed to purchase a $200 million aggregate amount of Convertible Senior Notes due 2026.

Nikola Receives $200M Investment From Antara Capital Via Senior Notes

The EV manufacturer sells convertible senior notes to Antara Capital, and plans to use the capital to continue funding its expansion.

Nikola Gets $200 Million Investment From Antara Capital

Nikola Corp. NKLA, -2.84% said Monday that funds advised by Antara Capital LP have agreed to purchase $200 million of its convertible bonds. The 8.00% / 11.00% notes that mature in 2026 will bear interest at a rate of 8% if paid in cash or 11% if paid through the issuance of additional notes.

News for Nikola Stock (NKLA)