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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BTIG analyst Gregory Lewis turns bullish on Nikola, raising his rating on the stock to Buy from Hold.

Nikola Can Rise 140%, Analyst Says. High Oil Prices Help Hydrogen Tech.

Nikola Can Rise 140%, Says Analyst. High Oil Prices Help Hydrogen Tech.

NEW YORK — A prosecutor accused the founder of a company that claimed it built zero-emission trucks of lying to investors to make himself a billionaire, but his lawyer insisted Tuesday in opening statements of a fraud trial that his client was an enthusiastic visionary being unjustly prosecuted.

Nikola founder made $1 billion by lying to investors, prosecutor says as fraud trial opens

Nikola Corp founder Trevor Milton became a billionaire by lying to investors about the most important aspects of his low-emission vehicle company, a prosecutor told jurors as Milton's fraud trial began on Tuesday.

Nikola founder lied to investors about tech, prosecutor says in fraud trial

The founder of electric semitruck maker Nikola Motor is standing trial on fraud charges related to statements he made about the company's technology and products.

Nikola founder Trevor Milton stands trial on fraud charges, capping a stunning rise and fall

NEW YORK — Jury selection began Monday in the fraud trial of Trevor Milton, the founder and former executive chairman of Nikola Corp accused of lying about the electric truck startup's vehicles.

Jury selection starts in Nikola founder Trevor Milton's fraud trial

Trevor Milton, the founder and former CEO of electric truck maker Nikola, is standing trial on federal charges of fraud.

Trevor Milton, ex-CEO of electric truck maker Nikola, begins fraud trial

Prosecutors say Trevor Milton, former chief executive of Nikola, lured retail investors with lies about the electric truck company's technology.

Trevor Milton of Nikola Begins Trial in Fraud Case

Trevor Milton, the Nikola Corp. founder who enticed auto-industry leaders and investors with his promise for a revolution in electric trucks, faces a securities-fraud trial beginning this week on allegations that he lied about his company's development of environmentally friendly technology.

Nikola founder's securities-fraud trial set to start this week

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Jurors at Nikola Corp founder Trevor Milton's fraud trial starting next week will be allowed to watch a marketing video that prosecutors said shows a truck appearing to drive on its own power when it was actually rolling down a hill, a judge ruled on Thursday.

Nikola founder's jurors may see 'truck rolling down hill' video at trial

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Why Rivian, QuantumScape, and Nikola All Dropped Today

Nikola President Lohscheller to Give Sept. 20 Keynote Address PHOENIX , Sept.

European Nikola Tre FCEV Beta Version to Debut at IAA Transportation in Hanover, Germany on Sept. 19

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Romeo Power

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Romeo Power, Inc. (NYSE: RMO) to Nikola Corporation (NasdaqGS: NKLA). Under the terms of the proposed transaction, shareholders of Romeo will receive only 0.1186 of a share of Nikola for each share of Romeo that they own. KSF is seeking to determine whether this consideration and the process that led to it are

ROMEO POWER INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Romeo Power, Inc. - RMO

Nikola (NKLA) plans to issue up to $400 million new stock in an "at-the-market" offering as it aims to boost production amid rising costs.

Nikola (NKLA) Seeks to Raise Capital, Romeo Buyout on Track

The stock price of Nikola (NKLA) fell by 9.38% in the most recent trading session. This is why.

Nikola (NKLA) Stock: Why It Fell 9.38%

Electric vehicle (EV) dark horse Nikola (NASDAQ: NKLA ) stock is down nearly 10% today after announcing a potential $400 million stock sale. The electric truck maker explained that rising costs have forced the company to pursue additional funding as it attempts to expand its manufacturing.

Nikola (NKLA) Stock Slumps 9% on Stock Sale News

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Two EV manufacturers are seeking cash infusions this week to bring their delayed vehicles to market. Nikola, a Phoenix-based electric truck maker, said in a securities filing Tuesday that it plans to raise funds through a $400 million stock offering.

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Nikola Corp said on Tuesday it may sell shares to raise up to $400 million, as the electric truck maker looks to ramp up production amid rising costs.

Nikola to raise up to $400 million in stock sale

Lucid and Nikola said in regulatory filings that they will issue new shares to raise cash as the EV industry faces sharply rising costs for battery minerals.

Lucid and Nikola move to raise additional funds as rising costs squeeze EV startups

PHOENIX , Aug. 30, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, announced  today that it commenced yesterday, through a wholly-owned subsidiary, an exchange offer ("the Offer") to purchase all outstanding shares of common stock of Romeo Power, Inc. (NYSE: RMO). On August 1, 2022, Nikola and Romeo jointly announced they had entered into a definitive agreement for this all-stock transaction.

Nikola Commences Exchange Offer to Acquire Romeo Power

Pablo Koziner named President, Commercial Carey Mendes named President, Energy PHOENIX , Aug. 30, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, today announced two leadership changes that will help advance the Company's commercial and energy efforts. Pablo Koziner, current President, Energy & Commercial, has been named President, Commercial, and Carey Mendes, current Global Head, Energy Finance, has been named President, Energy.

News for Nikola Stock (NKLA)