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

Nikola founder Trevor Milton has left the embattled electric-vehicle startup’s board after a short-seller accused him of lying about the company’s technology. Phoenix-based Nikola announced the shakeup early Monday morning as it grappled with investment firm Hindenburg Research’s allegations that Milton made bogus claims to secure important corporate partnerships.

Nikola founder Trevor Milton leaves amid fraud claims, shares plunge

Late Sunday night, FreightWaves broke the story of Trevor Milton voluntarily stepping down from the Nikola Corporation (NASDAQ: NKLA) board.

Update: Nikola Motor's Trevor Milton Makes Resignation Official

Trevor Milton has left the company he founded, effective immediately.

Nikola Stock Falls After Founder and Chairman Milton Departs Amid Short-Seller Allegations

Nikola Corp. founder and Executive Chairman Trevor Milton is stepping down from the electric truck company effective immediately.

Nikola’s chairman steps down, stock crashes following allegations of fraud

Late Sunday night, Trevor Milton, founder and executive board chair of Nikola Corp.

Does Change at the Top Turn Down the Heat on Nikola?

The shakeup comes just weeks after GM took an 11% stake in the company. 
The electric vehicle maker Nikola has just lost its executive chairman, Trevor Milton.

Nikola’s founder and executive chairman Trevor Milton steps down over short-seller accusations

Trevor Milton's stepping down as Nikola Corp.'s NKLA, +1.06% chairman was "shocking" and will leave investors with some "white knuckles," said Wedbush analyst Dan Ives, as it is now all about execution with the partnership with General Motors Co.

Nikola investors take a 'gut punch' as Trevor Milton steps down as chairman, Wedbush says

General Motors

Due to a devastating short seller’s report, Nikola stock has many question marks. Still, that may not be enough to completely overturn the speculative argument.

GM Makes Nikola Stock Interesting Despite the Heat

Nikola founder Trevor Milton has stepped down as executive chairman after a short seller accused the hydrogen and electric truck startup of misleading investors and overstating the value of a business deal.

Founder of EV startup resigns in battle with short seller

CNH Industrial NV

Italy's CNH was one of the top losers on Milan's bourse on Monday, its shares down over 6% in early trade, after the founder of U.S. electric truck maker Nikola Corp's stepped down as executive chairman, a trader said.

Shares in Italy's CNH down 6.2% after Nikola founder steps down

Nikola announced early Monday that founder Trevor Milton is voluntarily stepping down as executive chairman.

Nikola founder Trevor Milton to voluntarily step down as executive chairman

The founder and executive chairman of Nikola NKLA, +1.06% , Trevor Milton, has resigned, trade publication FreightWaves reported late Sunday.

Nikola founder and executive chairman Trevor Milton resigns: report

U.S. electric-truck maker Nikola Corp said on Sunday its executive chairman Trevor Milton has stepped down.

Nikola Corp's Trevor Milton steps down as executive chairman

His departure from the hydrogen truck company comes in the wake of allegations by an analyst with a short position in Nikola’s stock that Milton misrepresented its technology and capabilities.

Nikola Founder Trevor Milton Reportedly Resigns After Short-Seller’s Fraud Accusations

PHOENIX, Sept. 20, 2020 /PRNewswire/ -- Nikola Corporation (NASDAQ: NKLA) today announced that Trevor Milton approached the Board of Directors and proposed to voluntarily step aside as Executive Chairman and from the Board. The Board accepted his proposal, and Stephen Girsky, former Vice...

Nikola Board of Directors Announces Leadership Transition

Nikola Corporation (NASDAQ: NKLA) Executive Chairman Trevor Milton has voluntarily left his role at the electric vehicle maker, the company announced early Monday.

Trevor Milton Leaves Nikola Motors

Ford Motor Company

Tesla

Where Will Electric Vehicles Be in 5 Years?

New York, New York--(Newsfile Corp. - September 19, 2020) - Rosen Law Firm, a global investor rights law firm, reminds 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 15, 2020, inclusive (the "Class Period"), of the important November 16, 2020 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Nikola investors under the federal securities laws.

Rosen, A Highly Recognized Law Firm, Reminds Nikola Corporation Investors of Important Deadline in Securities Class Action First Filed by the Firm - NKLA, NKLAW, VTIQ, VTIQW, VTIQU

NEW YORK--(BUSINESS WIRE)---- $NKLA #classaction--The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Arizona on behalf of those who acquired Nikola Corporation (“Nikola” or the “Company”) (NASDAQ: NKLA) securities during the period from March 3, 2020 through September 15, 2020 (the “Class Period”). Investors have until November 16, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The Complaint alleges that

INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Nikola Corporation

San Francisco, California--(Newsfile Corp. - September 18, 2020) -  Hagens Berman urges Nikola Corporation (NASDAQ: NKLA) investors to contact the firm now.

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Nikola (NKLA) Investors with $200k+ Losses to Contact Its Attorneys, Securities Fraud Case Filed, SEC & DOJ Reportedly Investigating

New York, New York--(Newsfile Corp. - September 18, 2020) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Nikola Corporation ("Nikola" or the "Company") (NASDAQ: NKLA).If you invested in Nikola stock or options and would like to discuss your legal rights, click here:

Nikola Class Action Reminder: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Nikola Corporation To Contact The Firm

While the Justice Department hasn't launched an investigation, it has started inquiring about the claims, according to the report.

Nikola subject to US Department of Justice inquiries, report says

NEW YORK--(BUSINESS WIRE)--Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action has been filed on behalf of investors that purchased or acquired the securities of Nikola Corporation (“Nikola” or the “Company”) (Nasdaq: NKLA) between June 4, 2020 and September 9, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Eastern District of New York alleges violations of the Securities Exchange Act of 1934.

NKLA SHAREHOLDER ALERT: Bernstein Liebhard Announces That a Securities Class Action Lawsuit Has Been Filed Against Nikola Corporation

Diamondpeak Holdings Corp - Ordinary Shares - Class A

Horizon Kinetics Spac Active ETF

Workhorse Group

XPeng

Tesla's stock is up about 440% this year after recovering from a recent 30% correction, and others have been riding its coattails.

Are Electric Vehicle Stocks in a Bubble?

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds 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 15, 2020, inclusive (the “Class Period”), of the important November 16, 2020 lead plaintiff deadline in the securities class action commenced by the firm.

ROSEN, GLOBAL INVESTOR COUNSEL, Reminds Nikola Corporation Investors of Important Deadline in Securities Class Action – NKLA, NKLAW, VTIQ, VTIQW, VTIQU

News for Nikola Stock (NKLA)