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Nikola Beats Wall Street Expectations With Strong Q2 PerformanceNikola Corporation (Nasdaq: NASDAQ:NKLA ), a key player in zero-emissions transportation, has demonstrated remarkable resilience and strategic acumen in its recent quarterly performance. The electric truck manufacturer reported better-than-expected financial results for Q2 2024, marked by a significant revenue surge and robust demand for its hydrogen-powered trucks, signaling a successful pivot from its battery-electric vehicles (BEVs) to hydrogen fuel cell electric vehicles (FCEVs). Financial Highlights Nikola ( NASDAQ:NKLA ) posted Q2 revenue of $31.3 million, surpassing Wall Street's expectations of $27.1 million. Representing a staggering 318% increase from the previous quarter, marking the strongest topline in the company's history. The company also reported a smaller-than-expected adjusted loss per share of $2.67, compared to analysts' average estimate of a $2.85 loss, reflecting Nikola's improving financial health. Strong Demand for Hydrogen Trucks A key driver of this financial performance was the robust demand for Nikola’s hydrogen-powered trucks. The company delivered 72 hydrogen FCEVs in Q2, an 80% increase from the first quarter, exceeding its own guidance. This strong performance highlights the growing interest in hydrogen fuel technology, particularly among large fleet operators looking to decarbonize their operations. Nikola’s shift towards hydrogen technology appears to be paying off, as it acquires new customers and sees an uptick in orders. Notably, Walmart Canada became a significant customer, receiving its first hydrogen semi-truck from Nikola in June. The company's focus on expanding its reach across North America has also resulted in repeat orders from two major national accounts, further solidifying its market presence. Operational Achievements Nikola's FCEVs are proving their worth in the field. The company reported that its hydrogen trucks have logged over 550,000 miles with an impressive average fuel economy of 7.2 miles per kilogram of hydrogen. This performance outpaces the average Class 8 diesel truck, offering a 23% improvement in fuel efficiency on a diesel gallon equivalent basis. This not only underscores the operational efficiency of Nikola's FCEVs but also aligns with the company’s commitment to reducing carbon emissions. Strategic Initiatives and Future Outlook Nikola ( NASDAQ:NKLA ) is on track to complete the rollout of its revamped BEV "2.0" recall program by the end of 2024, showing its commitment to addressing past challenges and improving product reliability. The company is also exploring alternative revenue streams, including the sale of regulatory credits, which further bolsters its financial outlook. Despite a challenging year for the electric vehicle (EV) industry, with many companies facing declining demand and stock price drops, Nikola’s strategic pivot towards hydrogen technology and its focus on fleet customers are beginning to yield results. With cash and cash equivalents standing at $256.3 million, Nikola is well-positioned to continue its growth trajectory and capitalize on the expanding market for zero-emission vehicles. Conclusion Nikola Corporation’s Q2 performance is a testament to its strategic agility and commitment to innovation. By shifting its focus to hydrogen fuel cell technology, the company has not only met but exceeded market expectations, positioning itself as a leader in the zero-emissions transportation space. As the world moves towards greener technologies, Nikola’s ability to deliver high-performance, eco-friendly trucks will likely drive further growth and investor confidence in the quarters to come.
NASDAQ:NKLALong
by DEXWireNews
1
Nikola (NASDAQ:NKLA) Posing Signs of a Bearish TrendInvestors are punishing Nikola (NASDAQ:NKLA) today, plunging the stock below $1 per share. A company announcement has investors losing confidence in the electric heavy-truck maker's chances for survival. The stock plummeted 23.5% in early trading before settling in with a decline of 17.6% as of 10:40 a.m. ET. The drop is due to Nikola's latest announcement that it is seeking to raise more money through new offerings of both common stock and convertible senior notes. The company expects to raise $100 million through the stock sale and another $200 million from the sale of convertible bonds. Technical Analysis The 50-day moving average is acting as a resistance level, as NKLA has failed to break above it several times in the past few months. The 200-day moving average is also sloping downward, suggesting a long-term downtrend. The 50-day Moving Average crosses the 200-day moving average moving beneath the 200 & 100- day moving averages respectively posing signs of a Bearish movement on Nikola Stock. Based on these indicators, NKLA is showing a bearish trend with some bullish momentum.
NASDAQ:NKLAShort
by DEXWireNews
Nikola signals to break-outNikola has performed as a young crypto coin from May till June last year, has had a 85% retracement, but has broken out the yellow descending wedge and has touched an old high of March 2020. We had an sudden rise after first break-out before the announcement of GM, but an abrupt decline right after the cancellation of the electric truck production and 11% stake in the company, which brought Nikola even below the 20 usd. Though, we should go up again and if we break 25 usd, this should be a go. On the other hand we could have a flatliner and a continuation which we know with crypto and this could interlude a longer correction and winter for the EV market. Tesla looks to be nearing a turning point as well.. Let's wait and see. Though a very good entry point for Nikola.
NASDAQ:NKLALong
by Wolverinos
(NKLA) Nikola continues to crumbleNikola NASDAQ:NKLA has terminated a contract to deliver 2,500 electric-battery trucks to Arizona-based Republic Services Inc, (Wikipedia) which "is the second largest provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services in the United States, as measured by revenue." This was an agreement made in August 2020. The upside is, NIkola can better focus on production of both its battery-electric and hydrogen fuel cell semi-trucks. But will it happen? Refs: www.bloomberg.com finance.yahoo.com techcrunch.com
NASDAQ:NKLAShort
by traderman001
Nikola (NKLA): A Long Ways DownNKLA (18.59/share at the time of this writing) NASDAQ:NKLA In my humble non-expert opinion, Nikola has a long way down to go. I'm not hating on Nikola. In fact I think they're truck designs looks cool but...captain obvious may tell you that this is a no-brainer, and from a business standpoint I agree. I see no potential based on what the company has to offer as of today. The original deal with GM was "revised" AKA downgraded. That deal was worth $2 billion. The original deal already had me scratching my head. The revised deal still has me wondering what Nikola has to offer as a business. The original deal: GM provides fuel-cell technology to Nikola GM manufactures Badger (pickup truck) for Nikola GM takes 11% stake in Nikola in return for above services The revised deal: GM provides fuel-cell technology to Nikola GM gets paid in cash? Based on what Nikola has to offer, there is no reason for Nikola to have any value. What is their competitive advantage? What value is being created? Are they simply marketers? They need to come up with something. From what we first learned in the Hindenburg Report, they don't actually have any proprietary technology that is solely owned by Nikola. It's all third-party agreements. Seems like Trevor Milton is trying to become the Steve Jobs of EVs but without any of the proprietary Apple technology. He's charismatic and I guess he brings ideas together...? So what's left? Comments are welcomed. If you're still holding Nikola, why? And if you're not holding anymore, why not? --------------------------------------------------------------------------------------------- You could argue that NIO is in the same boat since they also have a mega manufacturer (JAC Motors) creating vehicles for them. But there are key differences. 1. JAC Motors is state-owned. The Chinese government has every incentive to prop up their own EV companies even if they're friendly with US-based Tesla. They're not going to snub home-grown competition. 2. The Chinese government has committed to making all automobiles sold in China "eco-friendly" by 2035. Again, homegrown EVs have an advantage. 3. Nio has functional vehicles that run on electric batteries (not downhill gravity). 4. Nio has sales. 5. Prior to its 2020 pop, Nio had a dedicated fanbase to which they created Nio Clubhouses for (to cultivate and grow its cult). --------------------------------------------------------------------------------------------- Refs: www.wsj.com www.wsj.com asia.nikkei.com hindenburgresearch.com www.azcentral.com --------------------------------------------------------------------------------------------- Disclaimer: This is my non-expert opinion and not financial advice.
NASDAQ:NKLAShort
by traderman001
3
Nikola ("Of all things, I liked books best.")View On Nikola (21 Sept 2020) Nikola is in the strong downtrend and it is about the touch some serious trend line. So, I expect it can fall further but please be cautious too. Why? It is near "normal" up trend line. A very good support level for this counter is $15-$20 region. Let's see.. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
NASDAQ:NKLA
by SonicDeejay
Nikola (NKLA): A Revolution, or a Scam?If you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this analysis, I'll be providing an in-depth analysis on Nikola Corporation (NKLA), also recently known as the Tesla (TSLA) killer. I'll provide an overall understanding of what Hydrogen vehicles are, what Nikola is trying to achieve, and the questions that have been posed against the company and its founder, Trevor Milton. Hydrogen Vehicles - Hydrogen vehicles are known to have the following advantages: heavy duty fast fueling, long range support, less weight, and renewable zero-emission. - NKLA places a special emphasis on its heavy duty fast fueling, using hydrogen full cell technology - Theoretically, hydrogen gas is ignited, then reacts with the oxygen in the air, and release its energy through an explosion, with the only waste product being water. - A hydrogen fuel cell is a device that takes in hydrogen and oxygen, generating electricity. - However, the reality is not as good as it sounds - Based on Volkswagen's research, hydrogen vehicles demonstrate a lower efficiency rate compared to electric vehicles. - And while NKLA has recently claimed that they are reaching a cost level of $2-3 per kilogram of hydrogen, research by ARK invest demonstrates that hydrogen costs, provided by NKLA's numbers, demonstrate that they would be 3 times more expensive than electricity What Nikola Corporation (NKLA) is trying to achieve - NKLA is looking to be the Tesla-killer, providing not only hydrogen vehicles, but also sustainable energy sources and infrastructure based on hydrogen - They seek to offer affordable hydrogen based energy solutions through economies of scale - Their motor lineup consists of the following models: Nikola One, Nikola Two, Nikola Tre, Nikola Refuse, which are all large trucks, and Nikola Badger, a pick-up truck. Questions Posed about NKLA - All great successes have stories of hate along the way. However, some serious questions that are posed against the executive chairman Trevor Milton, and the company. - Research conducted by the Hindenburg research suggests that NKLA is almost absolutely worthless, and that its founder is a complete con-artist - They demonstrate that Trevor Milton misled partners into signing agreements by falsely claiming to have extensive proprietary technology - How Nikola staged a video showing their semi-truck cruising on a road at a high rate of speed. - A spokesman for Volvo spin-off Powercell AB, a hydrogen fuel cell technology company that formerly partnered with Nikola, called Nikola’s battery and hydrogen fuel cell claims “hot air”. - As proven by Ark Invest as well, despite Milton's claims that Nikola will reduce hydrogen costs by 81%, they have failed to do so - The "in-house" designs from NKLA are licensed from third-parties - Milton, through dozens of outright lies, was able to form partnerships with some of the largest legacy auto companies in the world in their desperation to catch up to Tesla’s EV leadership status - Milton also cashed out $70 million around the IPO and amended his share lock-up from 1-year to 180 days. - This means that if he gets laid off, his equity awards immediately vest and he is entitled to collect $20 million over two years. - Most of these skeptical views towards the company revolve around the central idea of the company not having any substance, and the chairman's ethically questionable decisions. Technical Analysis - As this stock has only been listed on the market for a few months, leaving very little price action history - First of all, we can see that the stock skyrocketed close to $100 at all time highs, mostly driven by investors' hype that this would be the next Tesla (TSLA) - However, prices since have dropped, touching the historical support at $29.08 - Another strong support lies at $14.88, but given the stochastic indicator demonstrates signs of the stock potentially being oversold temporarily, we might see a technical bounce take place Conclusion While ambitious, Nikola Corporation and the mastermind behind the company seem to lack any substance. Hydrogen vehicles are definitely an area worth exploring, but it's also important to realize that the attention Nikola has received was due to its being marketed as 'the next Tesla' rather than its cutting edge in-house hydrogen fuel cell technology. There are a lot of inconsistencies in the claims made by the company, and potentially unethical decisions made by the executive chairman himself. As such, I believe that this company is more likely to be 'the next Theranos' rather than a Tesla Killer.
NASDAQ:NKLA
by Michael_Wang_Official
32
NKLA They sold the rumors... now what?On the 15 minute chart, the BB are indicative of a nice squeeze between support at 30.64 and resistance at 32.78 (which was Sept. 4 previous support and is now current resistance). On Sept 8 with the news of a partnership with GM, the stock surged from 35.63 to breaking through previous resistance of 37.32 to 54.50 in a day! I always say "what goes up must come down" but this crash and burned due to a Hindenburg report of bad news, go figure, haters... so they sold the fear which leaves us in this consolidation zone of the unknown. The RSI at 34.99 on the last candle is starting to trend higher than the previous 25 candles (the 25th candle previous also had a RSI of 34.99, a purple arrow is used to show which candlestick). The 25 candlestick back also happens to be support 37.27 which was "pre-GM news" resistance. The main thing going against this trade for a bullish run is no confirmation, only an inverted hammer. So if the price opens above previous close and the bulls are in charge, it may be time to grab a long position. It bottomed out at 30.82 or did it? Squeeze coming tomorrow? Its at the end of a bull flag also signaling a change. I think no more fear to sell... I've traded this since its early days of VTIQ. I did my DD and I knew what I was buying/selling. Every company starts with a vision. Intangible/intellectual assets are some times more valuable than tangible ones. Know what you own. This is not TSLA, two TOTALLY different companies, concepts. At the end of the day, something is only worth what someone is willing to pay. Right now I'm willing to pay 31.76 only if I have confirmation and my stop would be 30.62 just below support. Short term neutral, long term bullish, very long term.
NASDAQ:NKLA
by VelvetBarbie
1
NKLA - Maybe there's more...Scam?Hello Traders, NKLA has been pinned down lately on the assumption that this company is not real, they don't have a single product, and that they are a total scam. Well...there's a lot of those in the stock market. We are NOT another NKLA shill...we simply trade the charts. Let's take you guys back to early August when we entered our trade (3-6month swing trade expected). We first saw ahead of earnings that NKLA was holding its support at $28.70 level and got a bounce the next day. Knowing that this is a hot stock regardless of the headlines, we noticed some buying volume and entered our trade around $33.30-$33.50 with shares at a 5:1 risk/reward with a target at just under $60/share. This morning there was news that GM took 11% stake on NKLA and it took us back over to being up over 35% for the day. With NKLA closing above this level current level at $47.50 would put us right back on the bullish move. Higher low has been potentially established and this could rally higher. We're not chasing this move at all...simply riding out our long swing trade. If you do wish to enter long here. WAIT for a full candle close above the breakout level. Enter on a pullback to test this level before entering. Good luck traders! *NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
NASDAQ:NKLALong
by KoreanStreetBets
2
Nikola Stock Analysis - NKLANikola Stock Analysis - Nikola Corporation stock forecast today (week 07/09/20) - NKLA Stock Analysis - NASDAQ:NKLA Electric cars Market seems to be in retracement stage, hence the best option is to hold and wait the end of the price set back before buying. Technical analysis: Based on technical analysis, the idea is to hold the end of the price retracement that could happen at level of 35 USD (Option 1) or level of 30 USD (Option 2). Both options are valid only if the prices will not break the price level of 35 or 30 USD and the closure price will be above the support level of 35 or 30 USD for at least 2 days in a row. Option 1 - found based on a tentative trendline (35 USD) Option 2 - found based on a previous support level of 30 USD Fundamental News: The biggest news of the month was the company's Aug. 10 announcement that trash hauler Republic Services had put in an order for 2,500 battery-electric garbage trucks, to be delivered in 2023. However, that's three years out, and with no other significant developments occurring, investors seem to have begun to get antsy and sold off the stock. 
NASDAQ:NKLALong
by Mauriello
1