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Nikola Corporation

Nikola Corporation (NKLA)

2.02
-0.01
(-0.49%)
Closed 23 November 8:00AM
2.00
-0.02
(-0.99%)
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NKLA News

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NKLA Discussion

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TheKRA TheKRA 15 hours ago
I believe these are in Bentonville AR area
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Bruno2 Bruno2 17 hours ago
Nov. 21, 2024 : Hydrogen Under a Trump Presidency: Implications for 45V and H2Hubs

https://www.cleanepic.io/blog/h2-trump
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WeTheMarket WeTheMarket 17 hours ago
Posted yesterday on X by alessandro risi.

Two Nikola Motor BEVs were spotted in a Walmart parking lot, unfortunately i don't know the location, maybe someone can help me but that's pretty interesting

https://x.com/alessan93669563/status/1859733447100727538
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Bruno2 Bruno2 17 hours ago
someone else than Donotunderstand or WeTheMarket please ? (only joking)
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uksausage uksausage 19 hours ago
not really surprising - seems it is the very first BEVs. The "upgrade" to BEV 2.0 was abut batteries and associated components prior to them being returned to customers.
The display and other parts of the cabin user interfaces would be being upgraded all the time - especially if they can source cheaper components like displays. So there would have been a switch after 72 customer trucks made in 2023 to a newer display - may be 4K who knows -. only the initial display has this glitch and probably easy to switch-out with minimal time in the maintenance bay.
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WeTheMarket WeTheMarket 21 hours ago
As a follow up to my previous post (reproduced below) on the recall of 72 Nikola battery-electric trucks due to instrument panel issues, does anyone else find it odd that this issue only affects the BEV trucks, and is the second recall for BEV trucks, while no issues and recalls so far for the hydrogen FCEV trucks? On the positive side, thank goodness for that, but why the big difference in quality between the two trucks?

Instrument panel issues prompt recall for Nikola battery-electric trucks
Julian Buckley, Editor, Power Progress International / KHL Content Studio
18 November 2024
https://www.powerprogress.com/news/screen-issues-prompt-recall-for-nikola-battery-electric-trucks/8040282.article

Truck OEM Nikola has issued a recall for its battery-electric Tre trucks related to defective instrument panels which could fail.

The screen failure is considered a safety hazard, as drivers would not be able to see essential information such as speed and available range.

The recall covering 72 examples of the battery-electric trucks from the 2022 and ’23 model year was called by the National Highway Traffic Safety Administration.

Instrument panels will be replaced at no charge to the customer.

Nikola started series production of its battery-electric trucks before it introduced its hydrogen fuel cell models. They are now only avaialble to customer order.

Model recalls for defective screens follows a recall in August 2023 for all (209 units) of the brand’s battery-electric trucks due to a fire risk. The issue was traced back to a coolant leak in the battery packs.

The vehicles are being returned to customers fitted with packs billed as ‘BEV 2.0’.
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WeTheMarket WeTheMarket 1 day ago
Nikola Linkedin post.
https://www.linkedin.com/posts/nikola-motor-company_follownone-nkla-activity-7265444925507330050-k12_/

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uksausage uksausage 2 days ago
People complain about the price of NKLA FCEV trucks

how about 2million Euros each?

https://theevreport.com/daimler-truck-secures-major-funding-for-hydrogen-trucks

NKLA has done all the development financed by us shareholders and the established vendors now get fat handouts to try and catch up…
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WeTheMarket WeTheMarket 2 days ago
Hydrogen Under a Trump Presidency: Implications for 45V and H2Hubs
Written By Jason Munster - Nov 21
https://www.cleanepic.io/blog/h2-trump
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WeTheMarket WeTheMarket 2 days ago
DNU, I believe the video is related to the following previous post by TheKRA

Wednesday, November 20, 2024 2:52:13 PM ET

Post# 12087

I just saw the latest post on X.. Sorry I can’t post the link right now since I’m working off my phone, but, obvious takeaways are this validates relationship with Walmart, and, it sounds like they left these two trucks with them. Fantastic news.
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Donotunderstand Donotunderstand 2 days ago
I expect GOV will be shoveling out GREEN money - faster than anyone can count
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Donotunderstand Donotunderstand 2 days ago
returned BEV?
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Bruno2 Bruno2 2 days ago
Nov. 19, 2024 : Nikola leader talks future of hydrogen-powered trucks in US

Nikola trucks are manufactured in Coolidge, Arizona. The company’s fuel cell production is growing each quarter, Clayton said.

The plant was built to produce 30,000 trucks each year. Clayton said the company will gradually scale up the operation to reach that manufacturing goal.

https://finance.yahoo.com/news/nikola-leader-talks-future-hydrogen-223919719.html
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Bruno2 Bruno2 2 days ago
INFORMATION - more NKLA-news

https://ih.advfn.com/stock-market/NASDAQ/nikola-NKLA/news
https://www.nikolamotor.com/newsroom
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WeTheMarket WeTheMarket 2 days ago
Repost from FCEL board, courtesy of Hoghead7.

U.S. Department of the Treasury Releases Final Rules to Expand Access to Clean Energy Tax Credits
November 19, 2024
Final rules will improve access to direct pay for co-owned clean energy projects, helping to expand the buildout of the clean energy economy.
https://home.treasury.gov/news/press-releases/jy2718
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WeTheMarket WeTheMarket 3 days ago
DOE Announces Awards for up to $2.2 Billion for Two Regional Clean Hydrogen Hubs
DOE Office of Clean Energy Demonstrations sent this bulletin at 11/20/2024
https://content.govdelivery.com/accounts/USDOEOCED/bulletins/3c2f952
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WeTheMarket WeTheMarket 3 days ago
Arizona to Arkansas | BEV Roadtrip

Nikola Motor Company
43.4K subscribers
Posted Nov 20, 2024

Our battery-electric trucks traveled 1,200 zero-emissions miles from Arizona to Arkansas proving the future of trucking is here. Easy charging, no noise, no emissions.

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ptcgolf ptcgolf 3 days ago
Another all-time low achieved today. Just wait until the real dilution kicks in, followed by another 1 for 30 RS and of course they will keep the AS at 1B just in case.

jmho
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TheKRA TheKRA 3 days ago
I just saw the latest post on X.. Sorry I can’t post the link right now since I’m working off my phone, but, obvious takeaways are this validates relationship with Walmart, and, it sounds like they left these two trucks with them. Fantastic news.
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Donotunderstand Donotunderstand 3 days ago
caveat -

I have no idea how many shares will be issued - dilution - between now and maybe some day hitting a number like 2,500 trucks a year. But while I am assuming by then - with such volume - a sales price of 400K is not a CASH loss - at 1B dollars of income - things should look different

can NKLA get to that volume - ? period?
what might that mean for HYLA (which I assume is key but not profit)
how many shares of stock will be sold to have the cash to reach this - if possible (demand)

?? but 1B cash - revenue - comes with about 200 trucks a month - i think (I think sales a quarter or two ago was 13MM?)
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Donotunderstand Donotunderstand 3 days ago
key to me

built for 30,000 trucks --- in that factory

that - from OLD OLD memory might be three shifts ---- and I will so assume

10,000 trucks with the same shift --- that is 833 trucks a month - and we are at say 83 a quarter - do the factor growth -- but if possible ?
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uksausage uksausage 3 days ago
I fully expect all the main tricking companies to be customers by the end of next year. Leaders like JB Hunt are already trialing and committing future numbers. Managing the production rate whilst they ares till losing per vehicle is a juggling act NKLA leaders are uniquely in place to do. The FCEV 2.0 is supposedly 50% of the cost and hence will be the vehicle to take them to profitability
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TheKRA TheKRA 3 days ago
I hope that what he said here is true. 'He hinted at changes coming next year for the company, including “a lot of big names.” ' We need it, but I'll believe it when I see it.
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WeTheMarket WeTheMarket 3 days ago
Nikola leader talks future of hydrogen-powered trucks in US
Brinley Hineman
Tue, November 19, 2024
https://finance.yahoo.com/news/nikola-leader-talks-future-hydrogen-223919719.html

Nikola Corp. (NYSE: NKLA) leader Ryan Clayton said the rising demand for hydrogen could require as many as 50 fueling stations in the next three years to meet the need.

Speaking with FreightWaves CEO Craig Fuller at FreightWaves’ F3: Future of Freight Festival, Clayton discussed the future of hydrogen in trucking. Nikola, which is working to build solutions for a zero-emission world, offers both hydrogen and electric Class 8 trucks. The company also developed HYLA to distribute hydrogen.

“That’s going to take a tremendous push, not just from Nikola or HYLA,” the Nikola global head of sales said. “It’s going to take an ecosystem coming together, which we’re seeing.”

Nikola sees its trucks being used in government fleets, ports and drayage.

“I live in Georgia,” Clayton said. “When you’re looking at the Port of Savannah and you see all those trucks lined up and sitting, or to go to LA, you have to ask yourself, from the congestion standpoint … what can we do to make this better? And that’s where we see this really, and that’s where it has been really taking off.”

Fuller brought up the maintenance aspect of the growing field, pointing to the shortage of diesel mechanics. Clayton said Nikola offers software integration that makes the technology easy to use for drivers.

The company developed a program called “Train the Trainer” to teach and develop technicians capable of supporting zero-emission trucks. Nikola offers “360 connectivity” that allows drivers and fleet managers to access live truck monitoring to assess the vehicle’s performance.

“It’s a white-glove service,” Clayton said. “We also have a dedicated support team — a Geek Squad, so to speak.”

Manufacturing

Nikola trucks are manufactured in Coolidge, Arizona. The company’s fuel cell production is growing each quarter, Clayton said.

The plant was built to produce 30,000 trucks each year. Clayton said the company will gradually scale up the operation to reach that manufacturing goal.

He said the company was considering “all alternatives” for sourcing products ahead of possible tariffs under the incoming Trump administration.

The company has a team committed to finding North American source products. Sixty percent of the products used in the company’s trucks are built, manufactured and produced in North America, but the company wants to reach 80%, Clayton said.

He hinted at changes coming next year for the company, including “a lot of big names.”

“This isn’t the end,” he said. “This is just the beginning for us.”
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Donotunderstand Donotunderstand 3 days ago
yup

1B shares authorized

AI tells us

55.28 million
After the reverse split, Nikola Motors has 55.28 million shares outstanding1. The number of authorized shares will be reduced from 1.6 billion to 1 billion2. As of October 28, 2024, the company had 60.87 million shares outstanding3. At the end of 2022, Nikola had 800 million authorized shares and approximately 512.9 million shares outstanding
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Donotunderstand Donotunderstand 3 days ago
1 B after the split (reverse)

wow - I think I might remember 200MM

Will go to investors news and look
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ptcgolf ptcgolf 4 days ago
I believe they still have 1B AS, as they did not reduce it much. Girsky has plenty to dilute with, that is why I am expecting another RS after the first of the year.

jmho
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Donotunderstand Donotunderstand 4 days ago
NKLA -- now - FINALLY - is producing a noticeable number of FCEV per quarter

I will keep informed
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Donotunderstand Donotunderstand 4 days ago
oops
I forgot
Any company can only issue authorized shares

Anyone know how many shares are "authorized" ---- I forget after the 30 to 1 RS

I think the float-outstanding 60MM
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WeTheMarket WeTheMarket 4 days ago
FWIS, I believe the market overreacted yesterday, so I doubled my position.
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igotthemojo igotthemojo 4 days ago
well the good news is, nkla is due for a bounce pretty soon...
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chocolate man chocolate man 4 days ago
Please, please don't buy anymore of this stock!!!!!!! I got sucked in on Friday with a small buy because I was looking for a fast trade! I sold early today and took a small loss! Now I'm almost positive you will see the stock price under a $1.00. At that point I think they will announce a 30 for one R/S!! These guys are trying to stay alive and the don't care about the stock holders. They will keep diluting until you end up with virtually nothing! I've lost a lot of money betting on this stock! I just don't want to see anyone else hurt by increasing their position.
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Donotunderstand Donotunderstand 5 days ago
again

current shares - post that huge RS --- at current price - worthless

why do I keep watching and posting

to get a sense of future AFTER the next capital raise for a second round of speculation - or not

meanwhile some FMCC and FNMA JPS are exploding and exploding on a different sepculation that sat way down in my account - now all those purchases profitable
but
current NKLS shares are "gone" -- yet NKLA may be a place to speculate soon
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WeTheMarket WeTheMarket 5 days ago
Nikola exec says battery versus hydrogen not an either/or
Michael Baudendistel
Wed, November 13, 2024
https://finance.yahoo.com/news/nikola-exec-says-battery-versus-203535899.html
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WeTheMarket WeTheMarket 5 days ago
Instrument panel issues prompt recall for Nikola battery-electric trucks
Julian Buckley, Editor, Power Progress International / KHL Content Studio
18 November 2024
https://www.powerprogress.com/news/screen-issues-prompt-recall-for-nikola-battery-electric-trucks/8040282.article

Truck OEM Nikola has issued a recall for its battery-electric Tre trucks related to defective instrument panels which could fail.

The screen failure is considered a safety hazard, as drivers would not be able to see essential information such as speed and available range.

The recall covering 72 examples of the battery-electric trucks from the 2022 and ’23 model year was called by the National Highway Traffic Safety Administration.

Instrument panels will be replaced at no charge to the customer.

Nikola started series production of its battery-electric trucks before it introduced its hydrogen fuel cell models. They are now only avaialble to customer order.

Model recalls for defective screens follows a recall in August 2023 for all (209 units) of the brand’s battery-electric trucks due to a fire risk. The issue was traced back to a coolant leak in the battery packs.

The vehicles are being returned to customers fitted with packs billed as ‘BEV 2.0’.
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ptcgolf ptcgolf 5 days ago
They may wish to use all the shares they can for the capital raise, give the pps another week or two and it could be sub $1. They could use all those shares available for the raise and then do another RS as a Christmas present to the common holders.

jmho
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Donotunderstand Donotunderstand 5 days ago
bluntly to all

NKLA should announce their next capital raise - today --- waiting does nothing but add to the dilution
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Torez Torez 5 days ago
Scam, not real company, all AI generated images - scam scam.scam
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ptcgolf ptcgolf 5 days ago
PPS getting crushed again...possibly going below $2 today, another all time low.
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uksausage uksausage 5 days ago
There are no subsidies specific to Nikola trucks. all FCEV suppliers can benefit from them.

It is true that they are being sold because of the subsidies but that is what they are for to enable the FCEV market to be established, just like other technologies have benefitted for subsidies (like oil and gas still do…)

Nikola have also marketed their trucks well over the last year and have very experienced industry leaders targeting the right customers to ensure follow on orders that can be used to drive down costs and ultimately price to end customers.
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igotthemojo igotthemojo 6 days ago
“It seems that the quality of the FCEV is better than competitors, or may be it is the dealer/maintenance network and fuel sourcing?”

Maybe it’s the fact that you can buy them at half price?…if there was an automaker that was selling their top line SUV’s for half price, I would buy one…I don’t care if it was chev, ford, Range Rover or Toyota….
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uksausage uksausage 6 days ago
Good to see confirmed that they were all to be Nikola FCEV’s I had assumed they would be trialling others as well.
It seems that the quality of the FCEV is better than competitors, or may be it is the dealer/maintenance network and fuel sourcing?
Hopefully Mary is getting the costs of existing components down for the current model and Q1/2 production number are being increased
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WeTheMarket WeTheMarket 6 days ago
Recent Linkedin post.
https://www.linkedin.com/posts/alexiabednarz_clean-ports-program-selections-us-epa-activity-7259667065492373507-SPls?utm_source=share&utm_medium=member_android

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WeTheMarket WeTheMarket 7 days ago
Trump has a new energy czar
By ARIANNA SKIBELL
11/15/2024
https://www.politico.com/newsletters/power-switch/2024/11/15/trump-has-a-new-energy-czar-00189877

North Dakota Gov. Doug Burgum speaks to reporters in Atlanta. | Andrew Harnik/Getty Images

Doug Burgum is now at the center of American energy and climate policy.

In addition to tapping the North Dakota governor as Interior Department chief, President-elect Donald Trump today picked him to fill a new energy czar position. That could give the wealthy former software executive sweeping influence over federal agencies to advance Trump’s energy agenda, writes Heather Richards.

Trump said in a statement that the proposed National Energy Council that Burgum will helm “will consist of all Departments and Agencies involved in the permitting, production, generation, distribution, regulation, transportation, of ALL forms of American Energy.”

Burgum takes on the roles at a time when the technology industry’s voracious energy demand for AI-driven data centers could further strain the electric grid and upend U.S. climate goals.

Burgum was elected North Dakota governor in 2016 and made oil and natural gas production a priority. If confirmed by the Senate, Burgum — who had a short-lived campaign for president this year — would oversee a sprawling department of roughly 70,000 employees that manages the nation’s public lands and its vast energy resources, write Heather, Mike Soraghan and Shelby Webb.

While North Dakota ranks third in the nation for production of crude oil, it does not include much federal land or minerals. Less than 4 percent of the state is federally managed. Burgum’s affinity for fossil fuels and lack of conservation experience has enraged environmentalists.

Kierán Suckling, executive director at the Center for Biological Diversity, said Burgum will “sacrifice our public lands and endangered wildlife on the altar of the fossil fuel industry’s profits.”

Still, Burgum’s energy views differ somewhat from Trump’s stance that climate change is a “hoax.” While he largely avoids the topic of what is primarily driving climate change (answer: human activity), Burgum has pledged to make North Dakota carbon-neutral by decade’s end. His strategy for achieving that goal is using carbon capture and storage technology, which the Biden administration is also betting on to meet its climate targets.

Under Burgum’s leadership, the Environmental Protection Agency granted North Dakota the primary responsibility for overseeing specialized underground wells in which to inject carbon dioxide — the first state to win that right. And North Dakota is the endpoint for an $8 billion carbon pipeline project to transport CO2 from Midwest ethanol plants.

Plus, Burgum has also advocated hydrogen energy. In contrast, Trump has slammed hydrogen-powered cars as prone to exploding.

For a deeper dive into Burgum’s record on energy, working with Tribal communities and conservation, check out this story by Heather, Scott Streater, Jennifer Yachnin and Hannah Northey (at the following link https://www.eenews.net/articles/four-things-to-know-about-trumps-interior-secretary-pick/).
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WeTheMarket WeTheMarket 7 days ago
Friday Fallback Story: H2Rescue Hydrogen Truck Sets World Record, Traveling 2,900 Kilometers on a Single Fill in Real-World Conditions
November 15, 2024
https://fuelcellsworks.com/2024/11/14/fallback-friday/friday-fallback-story-h2rescue-hydrogen-truck-sets-world-record-traveling-2-900-kilometers-on-a-single-fill-in-real-world-conditions

Accelera demonstrates the future of clean hydrogen technology with record breaking journey

In a groundbreaking achievement for the future of hydrogen-powered solutions, Accelera™ by Cummins has set a new GUINNESS WORLD RECORDS™ title for the longest distance traveled by a hydrogen fuel cell electric (FCEV) heavy-duty truck without refueling. Accelera’s zero-emissions H2Rescue truck, a Kenworth T370 prototype designed for emergency response missions, completed an 1,806-mile journey on a single fill on Oct. 25, showcasing the potential of hydrogen technology for zero-emissions transportation and on-site portable power.


Accelera sets Guinness World Record for longest journey by hydrogen-powered truck - Truck News

The carbon-free journey
The truck completed its record-setting journey in central California and was closely monitored and validated by an adjudicator from Guinness World Records who confirmed the truck’s hydrogen tank was sealed before the journey began.

Powered by an Accelera fuel cell engine and a 250kW traction motor, the truck carried 175 kilograms of onboard hydrogen and consumed 168 kilograms of hydrogen while navigating rush hour traffic, between 50 to 55 mph, on public roads, operating in temperatures varying from 60 to 80 degrees Fahrenheit. Over the 1,800-mile trip, the hydrogen-filled truck emitted zero pounds of carbon dioxide, a stark contrast to the 664 pounds a standard internal combustion engine vehicle would have produced over the same distance.

A demonstration vehicle like the H2Rescue prototype truck showcases the capabilities of using zero-emissions hydrogen, rather than diesel, for power. Hydrogen as a power source:

- Supports long-range applications with heavy-duty work cycles, like heavy-duty trucks, dump trucks, buses and rail systems
- Generates little to no noise
- Provides zero-emissions power, with water and steam as the only byproducts, making it a key solution for reducing transportation pollution

Partnering for progress
Annually, a fuel cell-powered truck of this size can displace approximately 1,825 gallons of fuel and reduce greenhouse gas emissions by an estimated 2.5 metric tons. This Class 7 heavy-duty demonstration vehicle, weighing approximately 33,000 pounds, is the result of an innovative collaboration between Accelera, the U.S. Department of Homeland Security (DHS) Science and Technology Directorate (S&T), the U.S. Department of Energy (DOE), and the U.S. Department of Defense (DoD).

“This world record is a triumph for interagency collaboration and proof that hydrogen is a viable alternative fuel for vehicles,” said Nicholas Josefik, Industrial Engineer at the U.S Army Engineer Research and Development Center. “By using hydrogen, we can improve our Nation’s energy security and reliability.”

The H2Rescue demonstration truck offers several benefits for disaster relief sites and can power 20 to 25 Federal Emergency Management Agency (FEMA) trailers, support shelters or homes for up to 72 hours without refueling.

“H2Rescue's successful completion of this record-setting evaluation demonstrates the strength of interagency collaboration and public private partnerships,” said Eric Wasiloff, Project Manager with the U.S. Army’s Ground Vehicle Systems Center. “We look forward to transitioning lessons learned throughout this project to future fuel cell systems and joint efforts.”

Advancing hydrogen technology
Hydrogen fuel cell technology is gaining traction in the heavy-duty and medium-duty trucking industries due to its long driving range, fast refueling times and zero emissions. As the transportation sector moves away from fossil fuels, Accelera’s fuel cell engines provide the power needed for long-haul routes while significantly reducing environmental impact.

This record-setting achievement underscores the potential of hydrogen fuel cell technology in revolutionizing the transportation industry and paving the way for a cleaner, more sustainable future.
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WeTheMarket WeTheMarket 1 week ago
Hydrogen News California's Clean Energy Vision: Building the Hydrogen Highway

Hydrogen News
22.5K subscribers
Posted Nov 15, 2024

California is at the forefront of the hydrogen revolution, with significant investments and strategic alliances aimed at bolstering the hydrogen economy. The establishment of the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) marks a pivotal moment in the state’s journey towards a cleaner, more sustainable future. With a $12.6 billion agreement supported by the Department of Energy (DOE), California is set to become a leader in hydrogen fuel cell technology and infrastructure

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WeTheMarket WeTheMarket 1 week ago
How Avina’s Vernon Facility is Set to Offset 130,000 Metric Tons of CO2 Annually.
November 15, 2024
https://www.hydrogenfuelnews.com/avinas-vernon-facility-tons-co2/8568143/
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ptcgolf ptcgolf 1 week ago
My guess would be the lower they can drive the price down the lower the conversion price becomes...easy trade on the short side.

The changes, detailed in Nikola’s Fourth Supplemental Indenture and First Supplemental Indenture filings, allow holders of the June 2022 and June 2023 convertible notes to convert their debt at a discounted rate of $3.116 per share, contingent on the company raising at least $65 million in gross proceeds from stock sales.
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Donotunderstand Donotunderstand 1 week ago
3.11 is new price ?

why go below that ? if that is the reason
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Bruno2 Bruno2 1 week ago
Nov 14, 2024 : Nikola Shares Fall 26% to New Record Low Amid Convertible Debt Adjustments

https://eletric-vehicles.com/nikola/nikola-shares-fall-26-to-new-record-low-amid-convertible-debt-adjustments/#:~:text=As%20of%20the%20time%20of,flexibility%20in%20managing%20its%20debt.
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