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 is getting a 20% stake in the project led by Wabash Valley Resources to convert an idled coal-fired power plant into a large-scale hydrogen factory.

Electric Truckmaker Nikola Buys $50 Million Stake In Indiana Hydrogen Plant

PHOENIX and WEST TERRE HAUTE, Ind., June 22, 2021 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and infrastructure solutions, and Wabash Valley Resources LLC (WVR) announced today that Nikola is investing $50 million in cash and stock in exchange for a 20% equity interest in the clean hydrogen project being developed in West Terre Haute, Ind.

Nikola Invests $50 Million In Wabash Valley Resources To Produce Clean Hydrogen In The Midwest For Zero-Emission Nikola Trucks

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Why Nikola Stock Has Nearly Doubled in Recent Weeks

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CNH Industrial NV (NYSE: CNHI) has entered into a partnership agreement with Nikola Corporation (NASDAQ: NKLA) to develop and produce a complete line-up of zero-emission heavy-duty trucks. VECO and FPT Industrial, the commercial vehicle and powertrain brands of CNH, began their collaboration with Nikola at the end of 2019 to develop and deploy zero-emission Class 8 heavy-duty trucks.

CNH Partners With Nikola For Zero-Emission Heavy-Duty Trucks

PHOENIX — From a minimalist cockpit-style cab with nearly every function visible on a 17 1/2-inch display monitor to whisper-quiet battery-electric operation and a turning radius that could jackknife a typical semi, the Nikola Tre daycab is no enhanced computer image or exaggeration. It is a very real truck.

Exclusive first ride: Nikola electric truck can turn on a dime

Nikola Corporation (NASDAQ:NKLA) shares are trading lower by 10% at $15.50 after the company on Monday entered a purchase and registration rights agreement with Tumim Stone Capital for the sale of up to $300 million of common stock. Nikola Corporation designs and manufactures battery-electric and hydrogen-electric vehicles.

Why Nikola Shares Are Moving Today

New competition in the hydrogen fuel cell vehicle space seems to support Nikola's ambitions.

Why Nikola Stock Dropped Tuesday -- Though Maybe It Shouldn't Have

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Nikola Corp. (NASDAQ: NKLA) will sell up to $300 million in new shares to investment banker Tumim Stone Capital, bypassing a public offering for new money to keep electric truck and hydrogen fueling station production on track. Nikola filed an S-1 in May with the Securities and Exchange Commission declaring its intent to sell at least $100 million in new shares on top of the 396 million outstanding.

Nikola goes private to raise up to $300M in new money

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Nikola has started making real progress towards becoming a legitimate BEV manufacturer. The company forecast delivering up to 100 units by year end after starting trial production this month.

Nikola: Making Progress, But Lacks Capital

Nikola Corp. (NASDAQ: NKLA) founder Trevor Milton is out of the management loop at the startup electric truck maker, but he is playing a recent 40% runup in Nikola stock to make good on his pledge to reward early employees. Milton has cashed out 3.8 million of 6 million founders' stock options he promised to give to early employees, according to Securities and Exchange Commission (SEC) filings reviewed by FreightWaves.

Trevor Milton making good on stock pledge to early Nikola employees

The company is beginning to show investors actual progress on its green vehicle strategy.

Why Nikola Stock Jumped Almost 30% in May

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NKLA Stock: Can r/WallStreetBets Help Nikola Defeat Short-Sellers?

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News for Nikola Stock (NKLA)