Investing in Nikola is a bet that it won't run out of cash. Nikola (NKLA -6.74%) has an aggressive vision to create a network of hydrogen production and fueling infrastructure for the fuel cell electric heavy-duty trucks it has been building and selling. The company has focused on a niche use case for short-haul trucking needs near port facilities in North America. While it has made admirable progress with its plans, headwinds for the business have been growing. That has increased fear among investors that ...

Executives keep selling stock. The company is nowhere near profitability. Nikola (NKLA -6.74%) -- yes, this company is still publicly traded -- slipped over 20% yet again this week, according to data from S&P Global Market Intelligence. The hydrogen-electric truck start-up keeps inflating its shares outstanding, insiders keep selling, and the company is nowhere near close to generating a profit. No wonder the stock is down over 99% from all-time highs. The stock keeps falling, and it only has further to go, ...

They've not been great performers of late, but the future looks much more promising than the past has been. There's no denying electric vehicles (EVs) aren't quite as common as the world initially expected them to be by this point in time. Although they exist and have a place within the automobile industry, the International Energy Administration reports that a little less than 1-in-5 vehicles sold in 2023 are powered by an electrically driven motor (including plug-in hybrids). In the meantime, consumer int ...

Interest rates aren't falling quickly, and the appetite for financing is falling on Wall Street. It was a bad week for electric vehicle (EV) and renewable energy stocks across the board as consumer spending continues to struggle and EV competition heats up. It hasn't helped that interest rates are up and the economic future isn't certain, causing investors to take risk off the table in areas of energy that haven't proven to be profitable. According to data provided by S&P Global Market Intelligence, shares ...

Skilled transportation executive positioned to further company focus on zero-emissions trucking and hydrogen infrastructure solutions PHOENIX, Aug. 27, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zeroemissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of accomplished transportation executive Thomas "Tom" Schmitt as Chief Commercial Officer (CCO) of Nikola Corporation. As CCO, Schmitt will align Nikola's c ...

Nikola is raising cash and diluting shareholders. It isn't the first time. It won't be the last. Nikola Corporation (NKLA -9.22%) stock tumbled 10% in early trading Monday before recovering a bit. The fuel cell-powered truckmaker filed a form S-3 with the Securities and Exchange Commission (SEC) this morning, describing its plan to raise $500 million through issuances of new debt, convertible debt, and shares in the company. Investors don't seem thrilled with the idea, however, and as of 10:10 a.m. ET, Niko ...

David McNew/Getty Images News Investment Thesis Since my last piece in the fall, Nikola's (NASDAQ:NKLA) shares have largely continued on their downward slope. The company has been struggling to shake off years of setbacks and the overhanging cloud of crimes that Nikola's founder and convicted felon, Trevor Milton, committed. Nikola's stock was in a consistent decline, dropping for nine consecutive sessions earlier this month and down approximately 19% at the low earlier this month. Despite the rally followi ...

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VanderWolf-Images/iStock Editorial via Getty Images Second Quarter Financial Highlights Note: I have covered Nikola Corporation (NASDAQ:NKLA) previously, so investors should view this as an update to my carlier articles on the company. Last week, zero-emission transportation start-up Nikola Corporation ("Nikola") reported mixed Q2/2024 results: | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------ ...

Fuel-cell electric vehicle (FCEV) manufacturer Nikola (NASDAQ:NKLA) saw its shares pop higher following better-than-expected results for its second-quarter earnings report. In addition, the company is progressing toward its goal of restoring its battery EV business following a recall last year. Nevertheless, NKLA stock faces significant challenges in its bid to regain credibility. Earlier Friday, Nikola disclosed encouraging results for Q2, posting a loss per share of $2.67. This figure compared favorably t ...