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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Nikola (NKLA) closed at $0.63 in the latest trading session, marking a +1.7% move from the prior day.

Nikola (NKLA) Beats Stock Market Upswing: What Investors Need to Know

Nikola (NASDAQ: NKLA) stock price continued its strong downtrend this week as sentiment in the EV industry worsened. It was trading at $0.6370 on Friday, bringing the YTD losses to 27.25%.

Is Nikola the best penny stock to buy in March 2024?

Nikola (NKLA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Investors Heavily Search Nikola Corporation (NKLA): Here is What You Need to Know

IMC showcases zero-emission technology and celebrates their west coast sustainability initiative at state-of-the-art Compton facility PHOENIX , March 7, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, proudly marked a significant milestone as IMC, the largest marine drayage company in the U.S., unveiled the inaugural livery that will adorn its fleet of 50 Nikola hydrogen fuel cell electric trucks. This milestone follows a strategic deal that has been in progress since early 2023 and was formally commemorated during the grand opening of IMC's state-of-the-art sustainable Compton facility.

IMC UNVEILS DESIGN OF ITS 50 NIKOLA HYDROGEN FUEL CELL ELECTRIC TRUCKS AT GRAND OPENING OF SUSTAINABLE FACILITY

While many pockets of the market are starting to feel like 2021 again (just check out the crypto rally we're seeing lately), certain previous high-flyers haven't felt the love to the same degree. Nikola (NASDAQ: NKLA ) is one such company struggling to regain optimism.

Can a New CFO Save Nikola (NKLA) Stock?

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Nikola (NASDAQ: NKLA) stock price has moved sideways in the past few weeks as investors reflected on last month's results and the company's outlook. It has constantly remained below $1 and has retreated by over 16% this year.

Nikola stock forecast: buying NKLA is risky, shorting is riskier

Nikola named former General Motors and Amazon executive Thomas Okray as its chief financial officer, the electric-truck maker said on Monday.

Nikola appoints auto industry veteran Thomas Okray as CFO

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Experienced CFO primed to take on new opportunities with zero-emissions trucking and hydrogen infrastructure solutions PHOENIX , March 4, 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 an accomplished and highly regarded financial executive, Thomas "Tom" B. Okray, who has joined the company's executive team as Chief Financial Officer (CFO).

THOMAS B. OKRAY NAMED CHIEF FINANCIAL OFFICER OF NIKOLA CORPORATION

In addition to hydrogen fuel cell electric trucks, Nikola is developing hydrogen fueling stations. The company expects to scale up production and delivery of its trucks in 2024.

Where Will Nikola Stock Be in 1 Year?

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.

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