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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NEW YORK , Nov. 12, 2023 /PRNewswire/ -- WHY:  Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Nikola Corporation (NASDAQ: NKLA) between February 24, 2022 and September 7, 2023, both dates inclusive (the "Class Period"), of the important December 12, 2023 lead plaintiff deadline. SO WHAT: If you purchased Nikola securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, A LONGSTANDING LAW FIRM, Encourages Nikola Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - NKLA

ChargePoint Holdings

Fisker Inc

Electric vehicles aren't posting the explosive growth they did in the recent past. The successful UAW strike could lead to tougher relations with labor.

Why Electric Vehicle Stocks Were Stalling This Week

Nikola (NASDAQ: NKLA) stock price continued its freefall this week as investors reflected on the company's earnings and the recent strategy change. It has crashed back to $1 per share, over 74% from the highest point in August this year.

Nikola stock forecast after the Plug Power warning on hydrogen

ChargePoint has a new competitor, and investors took it as very bad news for the company. Nikola stock recovered some of October's losses after its latest quarterly report.

Why ChargePoint, Nikola, and Nio Stocks All Crashed in October

Nikola's quarterly update caused the stock price to jump roughly 10%.

Nikola Stock Analysis: Should Investors Buy, Hold, or Sell Nikola Stock?

NEW YORK , Nov. 3, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Nikola Corporation (NASDAQ: NKLA) between February 24, 2022 and September 7, 2023, both dates inclusive (the "Class Period"), of the important December 12, 2023 lead plaintiff deadline. SO WHAT: If you purchased Nikola securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Nikola Corporation Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - NKLA

Nikola shored up its balance sheet in the third quarter. There's plenty of interest for Nikola's hydrogen fuel cell trucks.

Why Nikola Shares Charged Higher This Week

Shares of Nikola (NASDAQ: NKLA ) stock are up about 10% today after the battery-electric and hydrogen fuel cell vehicle company reported its third-quarter earnings. Back in August, Nikola made the decision to recall all 209 of the Tre battery-electric trucks that it had made due to the risk of fires occurring from leaked coolant in the truck's battery packs.

NKLA Stock: Nikola Plans to Bleed Out $61.8 Million on EV Recalls

Nikola Corporation (NASDAQ:NKLA ) Q3 2023 Earnings Conference Call November 2, 2023 10:30 AM ET Company Participants Dhillon Sandhu - IR Steve Girsky - CEO Christian Appel - Head of Vehicle Platform Stasy Pasterick - CFO Conference Call Participants Jeff Osborne - TD Cowen Jeff Kauffman - Vertical Research Partners Bill Peterson - JPMorgan Tyler DiMatteo - BTIG Mike Shlisky - D.A. Davidson Operator Good morning and welcome to the Nikola Corporation Third Quarter 2023 Earnings and Business Update Call.

Nikola Corporation (NKLA) Q3 2023 Earnings Conference Call Transcript

Nikola will have to spend $62 million to replace battery packs in over 200 trucks. But it now has more cash and nearly 300 orders for its latest model.

Nikola's loss widens following a costly recall of its battery-electric semi trucks

Nikola Corp. NKLA, -2.78% reported Thursday a surprise widening in losses and negative revenue, but the hydrogen- and battery-electric trucks maker's stock rallied 4.8% in premarket trading following upbeat comments from Chief Executive Steve Girsky. The company reported a net loss of $425.8 million, or 50 cents a share, after a loss of $236.2 million, or 54 cents a share, as the number of shares used in the calculation of per-share results nearly doubled to 857.2 million from 438.4 million.

Nikola's reports wider than expected loss and negative revenue, but stock rallies amid upbeat outlook on ‘hydrogen highway'

Nikola posted a wider loss in the third quarter on Thursday, after the electric truck maker suspended sales and recalled its battery-electric heavy duty trucks.

Electric truck maker Nikola reports wider loss in third quarter

During Q3 raised $250M, increasing unrestricted cash by $136.2M, and tripling unrestricted cash since Q1 2023 Continue to see strong demand for Nikola zero-emissions trucks propelled by regulation and incentive tailwinds Received purchase orders for 47 battery-electric trucks from one dealer despite the truck being in recall Dealers continue submitting HVIP applications for the battery-electric truck To date, Nikola and our dealers have received 277 non-binding orders from 35 customers for the hydrogen fuel cell electric truck Hydrogen fuel cell electric demos started in Southern California using mobile fueler and third-party fueling assets Added deep management expertise hiring Mary Chan as COO and Joe Cappello as President of Energy Continue to refocus the business model to ensure efficient allocation of resources PHOENIX , Nov. 2, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today reported financial results and business updates for the quarter ended September 30, 2023. "We are driving forward, capitalizing on our first-mover advantage with our hydrogen fuel cell electric truck and laying the foundation for the 'hydrogen highway' starting in California," said Nikola CEO Steve Girsky.

Nikola Corporation Reports Third Quarter 2023 Results

NEW YORK , Nov. 2, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Nikola Corporation ("Nikola" or the "Company") (NASDAQ: NKLA) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Nikola investors who were adversely affected by alleged securities fraud between February 24, 2022 and September 7, 2023.

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Nikola Corporation (NKLA) Investors of a Class Action Lawsuit and Upcoming Deadline

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming December 12, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Nikola Corporation (“Nikola” or the “Company”) (NASDAQ: NKLA) securities between February 24, 2022 and September 7, 2023, inclusive (the “Class Period”). If you suffered a loss on your Nikola investments or would like to inquire about potentially purs.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Nikola Corporation (NKLA)

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming December 12, 2023 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Nikola Corporation (“Nikola” or the “Company”) (NASDAQ: NKLA) securities between February 24, 2022 and September 7, 2023, inclusive (the “Class Period”). Investors suffering losses on their Nikola investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their l.

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Nikola Corporation (NKLA)

Nikola (NASDAQ: NKLA ) stock is rising higher on Friday as the stock continues to see gains from an announcement earlier this week. The big news here is the electric vehicle (EV) company being awarded $165 million in a case involving founder and former executive chairman Trevor Milton.

Why Is Nikola (NKLA) Stock Up 4% Today?

Nikola gave investors much-needed good news in late October.

Excellent News for Nikola Stock Investors

NEW YORK , Oct. 26, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Nikola Corporation (NASDAQ: NKLA) between February 24, 2022 and September 7, 2023, both dates inclusive (the "Class Period"), of the important December 12, 2023 lead plaintiff deadline. SO WHAT: If you purchased Nikola securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, LEADING INVESTOR COUNSEL, Encourages Nikola Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - NKLA

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Nikola Corporation (“Nikola” or the “Company”) (NASDAQ: NKLA) securities between February 24, 2022 and September 7, 2023, inclusive (the “Class Period”). Nikola investors have until December 12, 2023 to file a lead plaintiff motion. If you suffered a loss on your Niko.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Nikola Corporation (NKLA) Investors

Electric and hydrogen-powered heavy truck maker Nikola was awarded $165 million from its founder and former executive chairman, Trevor Milton, in an arbitration proceeding. Nikola said in a filing with the Securities and Exchange Commission that an arbitration panel in New York awarded the funds to Nikola on October 20.

Trevor Milton to reimburse Nikola $165M per arbitration proceeding

Nikola disclosed on Tuesday that an arbitration panel has awarded it $165 million in damages from its disgraced founder and former CEO, Trevor Milton.

Nikola's shares surge after disgraced founder Trevor Milton ordered to repay $165 million

Nikola's disgraced founder Trevor Milton is being forced to pay $165 million and interest back to the hydrogen and electric semi-truck maker after he made fraudulent c

Nikola Claws Back $165 Million From Disgraced Founder Trevor Milton

Nikola Corp (NASDAQ:NKLA) shares surged 14% to $1.08 in late-morning trading on Tuesday after a regulatory filing revealed that the electric and hydrogen-powered heavy truck maker was awarded $165 million in an arbitration proceeding with its founder and former executive chairman Trevor Milton.  Nikola had sought reimbursement from Milton for costs and damages related to actions that were part of government and regulatory investigations, including a December 2021 US Securities and Exchange Commission (SEC) settlement and associated civil penalty.

Nikola stock climbs on $165M fraud settlement with company founder

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Nikola Corporation (“Nikola” or the “Company”) (NASDAQ: NKLA) securities between February 24, 2022 and September 7, 2023, inclusive (the “Class Period”). Nikola investors have until December 12, 2023 to file a lead plaintiff motion. Investors suffering losses on their Nikola investments are encouraged to contact the Law Offices of Howard G. Smi.

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