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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Shrouded in controversy, Nikola stock is giving investors a chance to look at the company with fresh eyes. If they believe in hydrogen, they may like what they see.

It’s Time To Look at Nikola With Fresh Eyes

Why Nikola Stock Is Rolling Downhill Again Today

Aggravating the recent weakness seen in Nikola Corporation (NASDAQ: NKLA) shares, a Wedbush analyst said Thursday that he's turning bearish on the electric vehicle stock. 
 The Nikola Analyst:  Daniel Ives downgraded Nikola from Neutral to Underperform and slashed the price target from $45 to $15.

Nikola Analyst Presses Sell Button On Execution Risks, Hydrogen Fuel Cell Viability

Nikola stock dived after a key analyst soured on the electric truck company, citing execution and Tesla risk.
The post Nikola Stock Meltdown Continues As Key Bull On Wall Street Reverses appeared first on Investor's Business Daily.

Nikola Stock Meltdown Continues As Key Bull On Wall Street Reverses

Nikola stock fell 27% after Trevor Milton resigned on allegations of fraud. Here’s why it may no longer be a buy on a Joe Biden victory.

A Major Embarrassment Drastically Hurts the Case for Nikola Stock

Shares of Nikola Corp. tumbled 9.3% in premarket trading Thursday, after Wedbush analyst Dan Ives turned bearish on the electric truck maker, saying he now believes the downside risks outweigh any positives.

Nikola's stock tumbles after Wedbush's Ives turns bearish, slashes price target

The situation almost spiraled out of control for the company and despite Milton’s attempts to address some of the issues mentioned by Hindenburg Research, there was no positivity at all for Nikola. 

Electrifying accusations and lack of real products

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Did California just kill the non-electric car?

California Just Banned Gas-Powered Car Sales...in 2035

SAN DIEGO & PHOENIX--(BUSINESS WIRE)---- $NKLA #ClassAction--Shareholder rights law firm Robbins LLP reminds investors that a purchaser of Nikola Corporation (NASDAQ: NKLA) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between June 4, 2020 and September 9, 2020. Nikola operates as an integrated zero emissions transportation systems provider. If you suffered a loss due to Nikola's misconduct, click here. Nikola Corporation (NKLA) Accused of Misleading

Shareholder Alert: Robbins LLP Reminds Investors of Class Action Filed Against Nikola Corporation (NKLA)

The most recent developments deepen my apprehension about any position on these shares

Nikola (NKLA) Bulls Get Their Face Ripped Off...Again

The embattled electric-truck start-up's woes continued on Wednesday.

Nikola Stock Drops 26% After BP Backs Away From Hydrogen-Station Deal

Nikola Corp. (NASDAQ: NKLA) promised investors it would name a co-developer for its hydrogen fueling stations by the end of the year. Talks have stalled because of a short seller report attacking the integrity of the company's founder, The Wall Street Journal reported Wednesday.

Nikola's Hunt For Hydrogen Station Partner Stalled – WSJ

California Governor Gavin Newsom issued an executive order on Wednesday requiring sales of all new passenger vehicles be zero-emission by 2035. The new order would be a huge boost for electric vehicles, and vehicles using alternative fuels like hydrogen, and could boost a sector that’s already surging in California.

California will require all passenger vehicles sold in the state be zero-emission by 2035

A short-seller's accusations may have cost Nikola a big opportunity.

Why Nikola Stock Is Getting Zapped Again Today

It’s the single-most aggressive such action ever taken to fight carbon pollution that’s fueling higher temperatures and wildfires in California and persistent air-quality problems from automotive exhaust.

California Banning Sales Of New Gasoline Cars In The State By 2035

California will ban the sale of new gasoline powered passenger cars and trucks starting in 2035 in a dramatic move to shift to electric vehicles and reduce greenhouse gas emissions, Governor Gavin Newsom said on Wednesday.

California to ban sale of new gasoline-powered passenger vehicles in 2035

An extremely difficult week for Nikola Corporation (NASDAQ: NKLA) investors became even worse Wednesday, with the stock down more than 10% midday.

Experts React To Nikola Sell-Off: 'It's Not Too Late To Get Out'

Nikola Corp's talks with energy firms including BP PLC to build hydrogen-refueling stations have been stalled following a short-seller's allegations that the electric automaker misled investors, the Wall Street Journal reported.

Nikola's talks with energy firms stalled after short-seller report - WSJ

Twitter

Nikola Corporation (NASDAQ: NKLA) founder Trevor Milton seems to have deleted his account on the Twitter social media platform.

Nikola Founder Trevor Milton Goes Missing On Twitter

Nikola's (NKLA) Presents at Evercore ISI Virtual New Mobility & AI Forum (Transcript)

"I'm not saying that shorts like Hindenburg are always right," CNBC's Jim Cramer said. "But when a short-seller highlights some major red flags, you've got to take it seriously.

Jim Cramer: Investors should still sell Nikola even after its founder's resignation

Nikola founder Trevor Milton has not only walked away from his electric truck company, he’s abandoned his Twitter account as well. The former chief executive of the Tesla challenger — who stepped down from his post Monday amid a storm of fraud allegations from a short-seller — on Tuesday deleted his profile on the social.

Nikola founder Trevor Milton deletes Twitter account amid fraud claims

SAN FRANCISCO, Sept. 22, 2020 /PRNewswire/ -- Hagens Berman urges Nikola Corporation (NASDAQ: NKLA) investors to contact the firm now. Expanded Class Period: Mar. 3, 2020 - Sept. 20, 2020 Lead Plaintiff Deadline: Nov. 16, 2020 Visit: www.hbsslaw.com/investor-fraud/NKLA Contact An Attorney...

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Nikola (NKLA) Investors with $200k+ Losses to Contact Its Attorneys: New Securities Fraud Case Expands Class Period, Regulators Investigating, Milton Resigns

VectoIQ Acquisition Corp

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it has amended its first-filed case to expand the case to include purchasers of the securities of Nikola Corporation (NASDAQ: NKLA, NKLAW), f/k/a VectoIQ Acquisition Corp. (NASDAQ: VTIQ, VTIQW, VTIQU), between March 3, 2020 and September 20, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Nikola investors under the federal securities laws.

NIKOLA UPDATE: Rosen, Nationally Regarded Investor Counsel, Expands Its First Filed Securities Class Action Against Nikola Corporation – NKLA, NKLAW, VTIQ, VTIQW, VTIQU

On today's Midday Market Update, Kevin Hill and Michael Vincent talk about the SONAR-powered data, issues and news that move you.

News for Nikola Stock (NKLA)