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 Corporation (NKLA) CEO Mark Russell on Q2 2021 Results - Earnings Call Transcript

The government is officially going after the EV maker's founder.

Why Nikola Stock Sank in July

The company confirmed that it's on track to begin production of its first electric trucks by the end of the year.

Electric Semi Start-Up Nikola Says It Has Moved On From Founder's Woes

Embattled truck maker Nikola says its legal woes are done, but now it has a new problem: the computer chip shortage that's crippling the entire industry.

Nikola says its legal woes are over. But now it's dogged by parts shortages

Nikola Corp. is unlikely to sell any battery-electric trucks this year because of semiconductor shortages for critical components, but it will let select customers and dealers use the trucks to build mileage and get retrofits later. The company said Tuesday it expects to deliver 25-50 nonsaleable “pre-series” battery-electric Class 8 Tre cabover models in Q4.

Nikola moves on from Trevor Milton to tackle supply chain shortages

Nikola, the electric truck startup that went public via a SPAC merger, warned Tuesday that supply chain constraints are causing numerous delays forcing it to slash its vehicle delivery projections in half. The company, which is still in pre-production, said in its second-quarter earnings call that its plans to produce 50 to 100 electric semi […]

Nikola cuts delivery outlook for its electric semi trucks

Nikola Corp on Tuesday halved its annual deliveries estimate and slashed its revenue forecast as supply chain issues drove delays in receiving certain parts, dragging the electric-truck maker's shares down 7.6%.

Nikola slashes annual outlook on supply chain issues, shares drop

Nikola's financial update beat expectations, but it also said something that spooked investors.

Why Nikola Stock Got Crushed Today

Nikola (NKLA) delivered earnings and revenue surprises of 25.93% and -100.00%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Nikola (NKLA) Reports Q2 Loss, Misses Revenue Estimates

Nikola Corporation (NASDAQ: NKLA) reported a second-quarter net loss of $143.23 million, compared to $115.78 million in 2Q20. Adjusted EBITDA loss expanded to $73.91 million, compared to $46.9 million a year ago.

Nikola Stock Falls After Q2 Results, Expects Pre-Series Nikola Tre BEVs For Use On Public Roads In 2H'21

Nikola reported a smaller than expected loss. Earnings, however, for the startup don't matter.

Nikola Earnings Topped Expectations. Why the Stock Is Dropping.

Shares of Nikola Corp. rallied 2.0% in premarket trading Tuesday, after the battery-electric and hydrogen-electric vehicle and components maker reported a narrower-than-expected second-quarter loss. The company said net losses narrowed to $143.2 million, or 36 cents a share, after a loss of $115.8 million, or 43 cents a share, in the year-ago period.

Nikola stock rallies after reporting narrower loss than expected

The results come five days after a federal grand jury charged Nikola founder Trevor Milton with three counts of criminal fraud.

Nikola reports narrower-than-expected loss during second quarter

PHOENIX, Aug. 3, 2021 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation solutions, today reported financial results for the quarter ended June 30, 2021. "During the second quarter Nikola continued to pave the way and solidify our place as a global leader in zero-emissions transportation solutions," said Mark Russell, Nikola's Chief Executive Officer.

Nikola Corporation Reports Second Quarter 2021 Results

Trevor Milton faces heavy financial penalties and jail time if found guilty of making fraudulent statements that misled investors. That's also increased pressure on the company he founded.

Nikola CEO Keeps Focus On Truck Production In Wake Of Founder's Fraud Charges

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Nikola is one of at least three EV start-up companies being investigated by federal prosecutors about potentially misleading investors.

DOJ and SEC send warning to SPACs with criminal charges against Nikola founder Trevor Milton

Legal risk is generally high with NKLA, as one of its founders, Trevor Milton, was charged with three counts of criminal fraud for manipulating the company's sales. Future projects involving manufacturing facilities appear to be irrelevant if there are no real trucks to produce.

Nikola Corp. Facing A Barrage Of Negative Sentiments

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Earnings Previews: Alibaba, Nikola, Under Armour

Nikola Corp. (NASDAQ:NKLA) shares were trading higher Friday after the stock was one of the most talked-about stocks on Reddit's WallStreetBets forum. The stock could be a potential short squeeze candidate, as it has a 26% short float

What's Next For Nikola Stock After Exiting Wedge Pattern?

Positive impact of the series of agreements entered by Nikola (NKLA) for advancing the hydrogen economy is likely to have provided respite to the company in Q2.

Nikola (NKLA) to Report Q2 Earnings: What's in the Offing?

The post Nikola Stock Falls as Founder Trevor Milton Indicted appeared first on Millennial Money. Shares of Nikola Corporation (NASDAQ: NKLA) opened 8% lower on Thursday morning following news that the company's founder Trevor Milton has been indicted by federal prosecutors in the Southern District of New York (SDNY) as well as by the SEC. Milton is accused of fraud and making false statements, misleading investors regarding the viability of

Nikola Stock Falls as Founder Trevor Milton Indicted

Miton, who resigned as chairman from the company in September, was freed on a $100 million bond secured against two of his properties in Utah.

Nikola founder Trevor Milton pleads not guilty to fraud charges, released on $100 million bail

Shares of the electric-carmaker plunged 9% after the charges.

News for Nikola Stock (NKLA)