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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The company's legal action against Tesla will go forward after all.

Why Nikola Stock Popped by Nearly 5% Today

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NKLA Stock Causing a Stir as Nikola Pursues Tesla Lawsuit

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The electric truckmaker has been a rollercoaster ride for investors since its June 2020 public listing, but may be winning back some lost ground with new deals and strategic partnerships.

With Deal Spree, Scandal-Tarred Nikola May Be Getting Back On Track

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TC Energy (TRP) and Nikola's Energy business unit are closely working to develop projects for building a perfect infrastructure to supply low-cost and low-carbon hydrogen at volume.

TC Energy (TRP), Nikola Team Up for Development of Hydrogen Hub

Electric truck maker Nikola Corp. has a letter of intent for 100 fuel cell electric trucks from flatbed hauler PGT Trucking, converting a piece of its 14,000-unit reservation book for hydrogen-powered FCETs that has Anheuser-Busch at the front of the line. Deliveries of fuel cell-equipped Tre daycabs capable of up to 500 miles of range are scheduled to begin in 2023.

Flatbed hauler PGT Trucking intends to lease 100 Nikola fuel cell trucks

The electric and hydrogen truck start-up bagged a deal, but the market wants more.

Why Nikola Stock Popped Today but Then Dropped

Nikola Corp (NASDAQ: NKLA) entered a collaboration with transportation company PGT Trucking Inc (PGT), including a Letter of Intent (LOI) to lease 100 Nikola Tre heavy-duty fuel cell electric vehicles (FCEVs). The lease order will include the Nikola Tre FCEV, scheduled maintenance, and hydrogen fueling solutions.

PGT Trucking Inks LOI For 100 Nikola FCEV Trucks

Nikola (NKLA) stock got a boost this morning after announcing a collaboration with PGT Trucking for its electric vehicles (EVs). The post NKLA Stock: The Trucking Collab News Nikola Movement Today appeared first on InvestorPlace.

NKLA Stock: The Trucking Collab News Nikola Movement Today

Shares of Nikola Corp. NKLA, -0.09% rallied 3.4% in premarket trading Thursday, after the electric truck maker announced a collaboration agreement with PGT Trucking Inc. that includes the leasing of 100 Nikola Tre heavy-duty fuel cell electric vehicles (FCEV). The lease with PGT, a flatbed transportation company, includes scheduled maintenance and hydrogen fueling services.

Nikola's stock rallies after lease agreement with PGT Trucking on 100 FCEVs

PHOENIX, Oct. 14, 2021 /PRNewswire/ --  Nikola Corporation  (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, today announced a collaboration with PGT Trucking, Inc. (PGT), an international multi-service flatbed transportation company, to advance electric drive heavy-duty transport. This collaboration includes a Letter of Intent (LOI) to lease 100 Nikola Tre heavy-duty fuel cell electric vehicles (FCEVs) following the satisfactory completion of a Nikola Tre FCEV demonstration program under terms to be agreed to between the parties.

Nikola And PGT Trucking Sign LOI For 100 Nikola FCEV Trucks

Today, a number of catalysts appear to be lining up for zero emissions vehicle maker Nikola, as NKLA stock soars more than 7%. The post NKLA Stock Is Popping Because ‘Big Brother' Tesla Is Having a Good Day appeared first on InvestorPlace.

NKLA Stock Is Popping Because ‘Big Brother' Tesla Is Having a Good Day

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Nikola Corp (NASDAQ: NKLA) and TC Energy Corp  (NYSE: TRP) have signed a strategic collaboration to co-develop large-scale hydrogen production hubs in the U.S. and Canada. The hubs are expected to produce 150 tonnes or more of hydrogen per day near highly traveled truck corridors to serve Nikola's planned need for hydrogen to fuel its Class 8 FCEVs within the next five years.

Nikola Partners With TC Energy To Develop Hydrogen Production Hubs

Why Shares of Nikola Raced Higher on Thursday

PHOENIX and CALGARY, AB, Oct. 7, 2021 /PRNewswire/ -- Media Advisory -- Nikola Corporation (Nasdaq: NKLA), (Nikola), a global leader in zero-emissions transportation and energy infrastructure solutions, and TC Energy Corporation (TSX, NYSE: TRP), (TC Energy), a leading North American energy infrastructure company, have agreed to collaborate on co-developing, constructing, operating and owning large-scale hydrogen production facilities (hubs) in the United States and Canada. Nikola's Energy business unit and TC Energy are actively collaborating to identify and develop projects to establish the infrastructure required to deliver low-cost and low-carbon hydrogen at scale in line with each company's core objectives.

Nikola and TC Energy Sign Joint Development Agreement for Co-Development of Large-Scale Clean Hydrogen Hubs

Nikola and Canadian oil and gas giant TC Energy want to build hydrogen production sites that could fuel thousands of trucks per day.

Nikola, Pipeline Giant TC Energy Partner On Hydrogen Hubs For Fuel Cell Trucks

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PHOENIX, Oct. 4, 2021 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and infrastructure solutions, today announced it will report its third quarter ended September 30, 2021 financial results on Thursday, November 4, 2021 . On that day, Nikola's management will hold a conference call and webcast at 9:30 a.m.

Nikola Corporation Announces Date For Third Quarter 2021 Results And Webcast

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In case you forgot, Nikola Corp (NASDAQ: NKLA) filed a $2 billion lawsuit against Tesla Inc (NASDAQ: TSLA) in 2018 over the similarity in design between the two companies' semi-trucks. The lawsuit could officially come to an end with Nikola ending communication with court officials.

Nikola's $2B Lawsuit Against Tesla Days Away From Dismissal: What Investors Should Know

A $2 billion patent infringement lawsuit filed by Nikola Corp. against electric vehicle maker Tesla Inc. could be dismissed next Wednesday unless Nikola can show why it should continue. A federal judge in the Northern District of California has administratively closed the case filed in March 2018.

Federal court shelves Nikola's patent infringement lawsuit against Tesla

Nikola Corp (NASDAQ: NKLA) has entered into a Memorandum of Understanding with OPAL Fuels LLC  to develop, construct, and operate hydrogen fueling stations in North America. The financial terms of the proposed deal were not disclosed.

Nikola Signs MoU With OPAL Fuels For Hydrogen Fueling Stations

PHOENIX, Sept. 30, 2021 /PRNewswire/ -- Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, and OPAL Fuels LLC, a trusted leader in delivering renewable natural gas and renewable fueling infrastructure for heavy-duty truck fleets, have entered into a Memorandum of Understanding on the development, construction, and operation of hydrogen fueling stations in North America and the use of renewable natural gas (RNG) in hydrogen production.

News for Nikola Stock (NKLA)