Profile
Sector:
IndustrialsIndustry:
Farm & Heavy Construction MachineryCountry:
United StatesIPO:
11 June 2018Website:
http://www.nikolamotor.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
after hours | Tue, 05 Nov 2024 00:59:46 GMTDividend
Analysts recommendations
Institutional Ownership
NKLA Latest News
Nikola (NKLA) stock price has imploded as the company continues to face commercialization and balance sheet concerns. It has crashed by 87% this year and is trading at its lowest level on record, giving it a market cap of over $200 million.
The trucking company is making progress in developing its innovative alternative fuel trucks.
On Thursday, zero-emission transportation start-up Nikola Corporation ("Nikola") reported another set of uninspiring quarterly results. The company continues to burn substantial amounts of cash. During the quarter, cash usage increased by 10% sequentially to $162.9 million. Management warned of funds running out in Q1/2025 - as a result, investors will likely have to prepare for additional, near-term dilution.
Nikola Corporation (NASDAQ:NKLA ) Q3 2024 Results Conference Call October 31, 2024 10:30 AM ET Company Participants Soei Shin - Head of Investor Relations Steve Girsky - President and CEO Tom Okray - CFO Conference Call Participants Mike Shlisky - D. A. Davidson Ben Kallo - Baird Soei Shin Welcome to Nikola Corporation's third quarter 2024 earnings and business update call.
Nikola reported a bigger-than-expected quarterly loss on Thursday as the company continues to grapple with high costs related to the production ramp up of its fuel-cell electric truck, sending the EV maker's shares down more than 5%.
PHOENIX , Oct. 3, 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 it will report its third quarter ended September 30, 2024 financial results and business updates on Thursday, October 31, 2024. On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m.
The Nikola Corporation (NASDAQ: NKLA) once touted as the ‘Tesla of trucking' has had an extremely bumpy ride since first going public in 2020.
Nikola said on Wednesday it delivered 88 hydrogen fuel cell electric trucks to its dealers in the third quarter, up from 72 trucks in the previous three-month period, signaling steady demand for the company's big rigs.
The lithium-polymer batteries used in most EVs are the industry's biggest hurdle right now. QuantumScape has a solution.
Nikola's stock crashed and burned over the past three years. It struggled to ramp up its production and overcome a devastating recall.
What type of business is Nikola?
Nikola Corporation is an American company that introduced a series of zero-emission vehicle concepts between 2016 and 2020. The company has repeatedly stated its intention to put some of its conceptual vehicles into production in the future, including ambitious claims at the time the company is ready to go public. The company was reorganized and went public on June 4, 2020. As of July 2021, the reorganized company announced its intention to deliver the first 50-100 units of the Nikola Tre electric trucks in the fourth quarter of 2021. Nikola Corporation was founded by Trevor Milton in 2014 in Salt Lake City, Utah.
What sector is Nikola in?
Nikola is in the Industrials sector
What industry is Nikola in?
Nikola is in the Farm & Heavy Construction Machinery industry
What country is Nikola from?
Nikola is headquartered in United States
When did Nikola go public?
Nikola initial public offering (IPO) was on 11 June 2018
What is Nikola website?
https://www.nikolamotor.com
Is Nikola in the S&P 500?
No, Nikola is not included in the S&P 500 index
Is Nikola in the NASDAQ 100?
No, Nikola is not included in the NASDAQ 100 index
Is Nikola in the Dow Jones?
No, Nikola is not included in the Dow Jones index
When was Nikola the previous earnings report?
No data
When does Nikola earnings report?
Next earnings report date is not announced yet