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.

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Nikola (NKLA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Nikola (NKLA) Rating Upgrade to Buy

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Nikola Corporation (NKLA) Q4 2023 Earnings Call Transcript

Beleaguered electric trucking company Nikola has sold the Badger electric pickup truck assets it was once supposed to build with General Motors. The buyer?

Nikola sells abandoned electric Badger pickup truck program to friend of disgraced founder Trevor Milton

Nikola Corp (NASDAQ: NKLA) is trading up in premarket on Thursday after reporting a narrower-than-expected loss for its fiscal fourth quarter. This is a developing story.

Nikola says its revenue more than doubled in Q4

Delivered the first production hydrogen fuel cell electric truck available in North America Delivered 35 hydrogen fuel cell electric trucks in Q4 ending the period with no finished goods inventory From October 2023 through January 31, 2024, 225 additional voucher requests have been submitted in Calif. for hydrogen fuel cell electric trucks, all for Nikola Remain on track to get the first battery-electric trucks back into end user hands by the end of Q1 Opened first HYLA modular refueling station in Ontario, Calif.

Nikola Corporation Reports Fourth Quarter and Full Year 2023 Results

Nikola appointed its Chief Executive Stephen Girsky as the electric-truck maker's acting chief financial officer on Feb. 14, according to a regulatory filing on Wednesday.

Nikola CEO Girsky appointed as acting chief financial officer

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PHOENIX--(BUSINESS WIRE)--M&M Residual, LLC (together with its affiliates and the participants named herein, the “Concerned Stockholder Group,” “we” or our “Group”) owns approximately 4.5% of the outstanding common stock of Nikola Corporation (Nasdaq: NKLA) (“Nikola” or the “Company”), making it a top stockholder. Today, the Concerned Stockholder Group issued the below statement regarding its nomination of five highly qualified and independent director candidates for election to the Company.

Concerned Stockholders of Nikola Corp. Introduce Slate of Independent Director Candidates for Election to the Company's Board at the 2024 Annual Meeting

Nikola (NKLA) concluded the recent trading session at $0.74, signifying a -1.35% move from its prior day's close.

Why Nikola (NKLA) Dipped More Than Broader Market Today

Energy expert joins Nikola's Board as 2024 infrastructure business expands PHOENIX , Feb. 16, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of energy and infrastructure expert Carla Tully, to its Board of Directors. Over more than two decades, Tully has built a successful track record leading and scaling energy organizations across Fortune 150, private equity, startup, and government entities.

CARLA TULLY APPOINTED TO NIKOLA BOARD OF DIRECTORS

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Nikola (NASDAQ: NKLA) stock price has continued its sell-off this year as investors rotate to Internal Combustion Engine (ICE) companies like Toyota and Honda. The stock has retreated by over 20% and is hovering near its lowest point in 2023.

Nikola (NKLA) stock price analysis: time to be contrarian?

Nikola (NKLA) concluded the recent trading session at $0.72, signifying a +1.59% move from its prior day's close.

Nikola (NKLA) Rises Higher Than Market: Key Facts

Nikola said it has rejected a slate of five nominees for its board of directors that were proposed by an entity controlled by former Chairman and Founder Trevor Milton.

Nikola Rejects Founder Trevor Milton's Board Nominees

Nikola Corp. said Friday that it has rejected the five “dissident” nominees to its eight-member board of directors — nominees proposed by M&M Residual LLC, the entity of the founder of the hydrogen- and electric-truck maker Trevor Milton.

EV maker Nikola rejects convicted founder Trevor Milton's plan to add 5 board members

Milton, Former Executive Chair, Criminally Convicted and Sentenced to 48 Months in Prison PHOENIX , Feb. 9, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, said today that its Board of Directors has rejected a slate of five dissident nominees proposed by an entity controlled by former Executive Chairman Trevor Milton for election as directors at Nikola's 2024 Annual Meeting of Stockholders. On January 26, 2024, Nikola received a notice from M&M Residual, LLC, Mr.

Nikola Rejects Slate of Directors Nominated by Trevor Milton for Election to Nikola Board of Directors

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As the EV bubble pops, beware of these stocks: Nikola, FFIE, MULN

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Nikola (NASDAQ: NKLA ) stock is in the news Monday after the green fuel company opened its first hydrogen refueling station in Southern California. Nikola newest location is designed to refuel Class 8 hydrogen trucks.

Why Is Nikola (NKLA) Stock in the Spotlight Today?

Shares of Nikola Corp (NASDAQ: NKLA) are in focus today after the hydrogen fuel cell electric vehicles company opened its first Hyla hydrogen refueling station. Where is Nikola's hydrogen refueling station located?

Nikola's first Hyla hydrogen refueling station is now live

Ontario, Calif. station marks a significant step in HYLA's plan to establish a hydrogen station network for Nikola customers through HYLA and partner stations HYLA station is expected to support up to 40 Class 8 trucks daily PHOENIX , Feb. 5, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, proudly announces the opening of its first HYLA hydrogen refueling station in Southern Calif.

NIKOLA OPENS FIRST HYLA HYDROGEN REFUELING STATION IN SOUTHERN CALIFORNIA

International energy executive with 30-plus years' experience takes HYLA reins PHOENIX , Feb. 2, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via its HYLA brand, announced the appointment of Ole Hoefelmann as President of the Nikola Energy division, effective February 5, 2024. A 30-plus year veteran of the hydrogen business, including decades in executive positions at Air Liquide and a stint at Plug Power, Hoefelmann most recently served as Nikola's Global Head of Infrastructure Operations, where he led the reorganization of the HYLA-brand hydrogen refueling infrastructure.

News for Nikola Stock (NKLA)