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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

RADNOR, Pa.--(BUSINESS WIRE)---- $NKLA #classaction--The law firm of Kessler Topaz Meltzer & Check, LLP reminds that an investor securities fraud class action lawsuit has been filed against Nikola Corporation (NASDAQ: NKLA, NKLAW) (“Nikola”) on behalf of those who purchased or otherwise acquired Nikola securities between March 3, 2020, and September 20, 2020, inclusive (the “Class Period”). Nikola investors who purchased or otherwise acquired securities during the Class Period may, no later than November 16, 2020

Kessler Topaz Meltzer & Check, LLP Announces Investor Securities Fraud Class Action Lawsuit Filed Against Nikola Corporation

Nikola is treating the electric vehicle start-up's founder, Trevor Milton, like they would any other shareholder after he resigned last week, executives said.

Nikola founder Trevor Milton is being treated 'as another shareholder,' executives say

The CEO and chairman say the startup remains on track with plans to sell heavy-duty, zero-emission vehicles starting in late 2021 and has enough money to fund operations for at least a year.

Nikola Sticks To Go-To-Market Plan For Battery, Hydrogen Trucks In Wake Of Fraud Allegations

Nikola: The Bears Think They Are Smarter Than Jeff Ubben

Electric truck maker Nikola Corporation (NASDAQ: NKLA) is looking to erase negative recent headlines by reassuring investors it remains committed to achieving previously announced milestones. Concerning headlines Nikola has gone through a series of negative media headlines and accusations — the first of which was a Bloomberg report that alleges Nikola may have misled the public about the capabilities of its trucks.

Nikola’s stock gains 16% after reassuring investors

General Motors

General Motors and Nikola appear unlikely to finalize their $2 billion partnership by Wednesday’s target date in the wake of fraud and sexual assault allegations against Nikola founder Trevor Milton. The automakers said they were continuing discussions about the deal, which Nikola originally expected to close before Wednesday.

Nikola, GM still negotiating $2B partnership as target date looms

Nikola is resetting investor expectations following fraud claims involving the company's technologies and founder, Trevor Milton, who resigned as executive chairman last week.

Nikola executives seek to calm investor anxiety after fraud claims delay $2 billion deal with GM, shares jump

Nikola Corp Chief Executive Mark Russell said on Wednesday he remains confident the electric and hydrogen fuel cell vehicle startup will close a deal with an energy partner, and talks to finalize an alliance with General Motors Co continue.

Nikola CEO confident of closing deal with energy partner, talks with GM continue

As Nikola deals with the fallout from fraud allegations, its first Tre prototypes should be here in the coming weeks.

Nikola promises electric semi prototypes this year as GM delays potential partnership

Following a report on Tuesday that it would not meet a Wednesday deadline to complete a deal announced earlier this month, Nikola stock dropped by about 7.4%.

Did GM Burst Nikola’s Bubble?

Nikola said it "remains committed to achieving" a set of milestones previously outlined despite founder Trevor Milton's resignation amid claims of fraud and sexual assault.

Nikola shares rise 7% after company reconfirms strategy following founder Trevor Milton's resignation

The Detroit-based automaker says talks over an alliance continue. Founder Trevor Milton has been accused of lying about Nikola’s technology and misleading investors.

GM Has Yet To Close Nikola Deal After Fraud Allegations Against Startup’s Founder

San Francisco, California--(Newsfile Corp. - September 29, 2020) - Hagens Berman urges Nikola Corporation (NASDAQ: NKLA) investors to contact the firm now. Class Period: Mar. 3, 2020 - Sept. 20, 2020Lead Plaintiff Deadline: Nov. 16, 2020Visit: www.hbsslaw.com/investor-fraud/NKLAContact An Attorney Now: NKLA@hbsslaw.com844-916-0895Nikola Corporation (NKLA) Securities Class Action:The Complaint alleges that throughout the Class Period, Defendants falsely stated or omitted, among other things, that: (1) Nikola oversta

LEADING FIRM INVESTIGATING NKLA DIRECTOR UBBEN'S SUSPICIOUSLY TIMED SALES: Hagens Berman, National Trial Attorneys, Encourages Nikola (NKLA) Investors with $200k+ Losses to Contact Its Attorneys, Securities Fraud Action Filed, Possible Illegal Insider Tra

General Motors and Nikola are not expected to finalize a $2 billion deal scheduled to close before Wednesday after allegations of fraud and sexual abuse surfaced against the embattled start-up’s founder and former executive chairman, Trevor Milton, according to two people familiar with the negotiations.

GM extends talks on $2 billion deal with Nikola after fraud, sexual assault allegations surface against Trevor Milton

VectoIQ Acquisition Corp

SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements concerning Nikola business and prospects, resulting in its stock trading at inflated prices.

CORRECTING and REPLACING Notice of Lead Plaintiff Deadline for Shareholders in the Nikola Corporation f/k/a VectoIQ Acquisition Corp. Class Action Lawsuit

SAN FRANCISCO--(BUSINESS WIRE)-- #InvestmentFraud--NIKOLA SHAREHOLDERS: November 16, 2020 Filing Deadline in Class Action – Contact Lieff Cabraser

NIKOLA SHAREHOLDERS: November 16, 2020 Filing Deadline in Class Action – Contact Lieff Cabraser

General Motors Co. (NYSE: GM) and embattled electric truck startup Nikola Corp. (NASDAQ: NKLA) will not close on a manufacturing partnership by Wednesday as the two companies predicted earlier this month.

"Our transaction with Nikola has not closed," GM said in a statement provided to FreightWaves on Tuesday.

GM Deal With Nikola Delayed Beyond Anticipated Close

Until we have further clarity, I would avoid the Nikola stock for now. I’d wait to see how everything shakes out from here first.

The Top Reasons it’s Best to Avoid Nikola for Now

Citron Research founder and notorious short-seller Andrew Left weighed in on the special acquisition company (SPAC) trend on Wall Street during an appearance on Benzinga’s PreMarket Prep show Tuesday morning.
Many companies have been choosing to go public via a SPAC merger rather than the traditional IPO route.

Citron's Andrew Left Supports SPAC Trend, But Nikola 'Didn't Pass The Smell Test'

Nikola's shares fell after CNBC reported new sex abuse allegations against founder Trevor Milton and General Motors said that it was still in discussions over a $2 billion deal with the electric truck maker, which was expected to close Wednesday.

Nikola shares slide after second sexual abuse allegation raises questions about GM deal

Nikola and GM are still negotiating a partnership with a deadline near, while two women accused founder Trevor Milton of sexual assault.

Nikola Falls As GM Shifts Tone On Deal While New Claims Hit Founder

General Motors Co and Nikola Corp have not finalized their deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers, one day ahead of the date targeted, and are continuing discussions, GM said on Tuesday.

GM says it is 'continuing discussions' with Nikola on alliance deal

As revealed in the new book ‘The Modern Detective,’ private investigative work has become an essential tool for the corporate world.
The tech world has been rocked in recent weeks by allegations that Nikola, the once-high-flying electric automaker, and its founder, Trevor Milton, engaged in deceptive practices, exaggerated technological capabilities, and even faked a video of a truck driving down a deserted road.

Nikola’s downfall shows why the investing world needs more private investigators

Nikola founder Trevor Milton has been formally accused of sexual abuse by two women who told police he touched them when they were 15. The allegations date back more than 15 years ago.

Two women file sexual abuse complaints against Nikola founder Trevor Milton

Discover how a scathing short-seller report is putting question marks on Nikola's future.

News for Nikola Stock (NKLA)