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's revised deal with General Motors represents a bullish development for investors over the medium to longer term, according to a Monday note from JPMorgan. The bank, which retains a $40 price target on the beleaguered trucking start-up, said that investors should view any pullback in shares of Nikola as a good buying opportunity.

Nikola's 25% dive is a good buying opportunity because the company's decision to abandon the Badger pickup means it can focus more on semi trucks, JPMorgan says (NKLA)

Moderna

The stock market rally took a pause Monday afternoon.

Nikola Puts the Brakes on the Nasdaq Rally -- But Moderna's Soaring Again

General Motors

General Motors (NYSE: GM) is passing on taking an equity stake in startup Nikola Corp. (NASDAQ: NKLA), reducing a wide-ranging manufacturing partnership and supply deal announced in September to possibly providing fuel cells in the future. GM CEO Mary Barra and former Nikola Executive Chairman Trevor Milton excitedly described the $2 billion tie-up on Sept.

GM walks on equity stake in Nikola, may supply fuel cells

A September announcement was taken back today when GM said it will no longer take a stake in Nikola and that the two companies are no longer going to partner up for an electric pickup.

GM Steps Back, But Not Away, From Nikola Hydrogen Deal

Investors shorting Nikola Corp.'s share have made paper profits of more than $400 million after the electric-truck maker announced a watered-down deal with General Motors Co.

Nikola's short sellers up more than $400 million after downsized GM deal

Nikola (NKLA) shares moved sharply lower Monday after details of its agreement with General Motors (GM) emerged showing no equity stake.

Nikola (NKLA) Gives Up Ground After GM Details Emerge

The stock price of Nikola Corporation (NASDAQ: NKLA) opened at below 20%. This is why it happened.

NKLA Stock Price Falls Over 20%: Why It Happened

Nikola Corp. stock tanks on news that GM deal amounts to supply partnership without stake, pickup truck collaboration.

Nikola stock drops as GM deal is now ‘nothing to write home about'

NKLA stock is down big today after the company announced that GM would not be taking a $2 billion stake in the EV company after all. The post Fading Nikola Could Come Under Even More Pressure appeared first on InvestorPlace.

Fading Nikola Could Come Under Even More Pressure

GM only plans to supply its hydrogen fuel cell technology. No Badger pickup or EV tech are included.

GM and Nikola agree to massively scaled back deal

Shares of Nikola plunged nearly 25 percent after General Motors scrapped plans to buy a stake in the electric truck manufacturer and produce its Badger pickup truck. A new, slimmed-down deal maintains the companies' fuel technology partnership but jettisons key components of a tie-up that thrust Nikola into the spotlight in September — just two.

Nikola plunges after GM drops $2 billion stake in electric truck maker

General Motors is giving up its equity stake in Nikola Motors and scrapping plans to build the electric truck maker's Badger pickup as part of a new, scaled-back deal between the companies.

Nikola shares fall after GM scraps Badger deal and drops equity stak

More bad news for the embattled electric-truck company. Shares of Nikola Corporation tumbled more than 23% early Monday after the embattled company's previously announced partnership with General Motors was significantly scaled back.

Nikola stock is falling again after revised GM deal eliminates equity stake

The long-awaited deal with GM turns out to be not what many expected.

Why Nikola Stock Is Getting Zapped Today

Nikola Corp. (NASDAQ: NKLA) announced Monday that it has signed a new, nonbinding memorandum of understanding with General Motors Co.

Nikola Stock Tanks Following Shrinking Deal With GM

NKLA stock has the breakup blues on Monday, thanks to news Nikola and General Motors are scaling back their EV partnership. The post NKLA Stock: Why Red-Hot Nikola Shares Are Plunging Today appeared first on InvestorPlace.

NKLA Stock: Why Red-Hot Nikola Shares Are Plunging Today

GM is backing away from an agreement to take a stake in electric automaker Nikola Corp, marking the collapse of a deal that has been problematic since it was announced just two months ago. Shares of Nikola plummeted more than 20% in pre-market trading Monday morning.

Nikola shares drop as GM pulls plug on investment deal

General Motors and Nikola on Monday announced an update to the deal that set in motion a tumultuous fall for the high-flying truck startup. Under the new terms, the two companies will still work to integrate GM's fuel cells into Nikola trucks. However, GM will no longer take a $2 billion stake in Nikola, and the startup's planned "Badger pickup — a potential F-150 competitor — is now officially canceled, with planned refunds for those who preordered.

GM will still supply Nikola's fuel cells, but won't take any stake in the embattled startup or build its electric pickup (NKLA, GM)

The long-anticipated conclusion to a September deal in the electric vehicle space was announced Monday. What Happened: Nikola Corporation (NASDAQ: NKLA) and General Motors Company (NYSE: GM) announced a supply agreement that will see General Motors provide Hydrotec fuel cell systems for Nikola's Class 7/8 trucks.

Nikola Investors Don't Look Pleased With General Motors Partnership

Nikola is canceling the Badger electric pickup that was at the center of the equity tie-up.

GM Isn't Taking Stake In Nikola But May Still Supply Fuel Cells And Batteries For Its Trucks

Nikola Corp. briefly surged, and then dipped on Monday after the company said it reached a memorandum of understanding with General Motors to work together on the production of Nikola's commercial semi-trucks. The MOU replaces a previously announced deal that included General Motors taking a $2 billion equity stake in Nikola and the two companies working together to build the Badger pickup truck.

Nikola slips 17% after striking long-awaited deal with General Motors that doesn't include crucial equity stake

A new agreement, supplying hydrogen fuel cell technology from General Motors, is less sweeping than the strategic partnership outlined in September.

G.M. Scales Down Nikola Deal

Nikola Announces Much Smaller Deal With General Motors as Lockup Expiration Looms

General Motors (NYSE: GM) won't take an equity stake in startup electric truck maker Nikola Corp. (NASDAQ: NKLA), ending Nikola's plans for its Badger pickup. But the two agreed to a nonbinding memorandum of understanding to explore using GM's Hydrotec fuel cells in heavy-duty trucks.

News alert: GM won't take equity stake in Nikola

Shares of Nikola Corp. sank 15.2% in premarket trading Monday, after the battery- and hydrogen-electric vehicle maker said it signed an new supply agreement with General Motors Co. , which doesn't include the previously announced GM equity stake. Nikola said the new Memorandum of Understanding (MOU) "supercedes and replaces" the deal announced on Sept.

News for Nikola Stock (NKLA)