Reported strongest topline in the history of the company, Q2 2024 revenue was $31.3M, up 318% from Q1 Wholesaled 72 hydrogen fuel cell electric vehicles in Q2, exceeding the high-end of guidance, up 80% from Q1 Created alternative revenue streams with our initial sale of regulatory credits BEV "2.0" recall program on track for completion by year-end 2024 PHOENIX, Aug. 9, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zeroemissions transportation and energy supply and infrastructu ...

New station marks major step towards decarbonizing Canada's busiest commercial transport sector Notable guests in attendance at a special launch event included Hon. Doug Ford, Premier of Ontario, Hon. Sam Oosterhoff, Associate Minister of Energy-Intensive Industries of Ontario and other provincial and federal dignitaries, as well as notable business leaders within the energy, retail and transportation industry such as Walmart Canada, Canadian Tire and Loblaws. Together with partners such as the Canadian Hyd ...

Fisker won't be the last EV maker that shutters its doors, but is Nikola lining up to be the next one? Being at the cutting edge of an industry revolution can come with massive rewards, and also massive risk. That's never been more clear than within the electric vehicle (EV) industry, as Tesla has proven a first-mover advantage can power a company's stock higher for years. At the other end of that spectrum is Fisker, which crumbled under the weight of massive cash burn and consistent production problems. Fi ...

Do you like roller-coaster rides? If not, then you probably shouldn't invest in electric vehicle (EV) manufacturer Nikola (NASDAQ:NKLA). There's actually some positive news to report about Nikola, but if you buy Nikola stock, be ready for a thrill ride that might not end well for you. Some Good News About Nikola Furthermore, Nikola "wholesaled 112 hydrogen fuel cell trucks" during 2024's first half. Therefore, Nikola CEO Steve Girsky feels that the company has maintained its "2024 momentum" so far. Maybe Wa ...

Meanwhile, in Australia, Climate Impact Corporation intends to develop a huge 20 gigawatts of green hydrogen initiatives. The firm plans to partner with GE Vernova (NYSE:GEV) for the projects. Here are three top hydrogen fuel stocks that can soar as the demand for green hydrogen surges. Similarly, deployments of the company's electrolyzers are rapidly ramping up. As a result, I believe that this business will generate huge profits over the long-term as its revenue surges and its costs drop. Electrolyzers ar ...

Core Insights - The article discusses the potential compensation structure for Parkev Tatevosian, an affiliate of The Motley Fool, indicating that he may earn additional income through subscriptions linked to his promotion of their services [1] Group 1 - Parkev Tatevosian is affiliated with The Motley Fool and may receive compensation for promoting its services [1] - His opinions are stated to remain independent and unaffected by The Motley Fool [1] - The Motley Fool has no positions in the stocks mentioned, and Tatevosian has no positions in any of the stocks mentioned [1]

Yet while this latest rally could carry on for several weeks, don't assume that shares will keep charging back up to past split-adjusted price levels. While the Nikola Q2 deliveries news came out last week, this news has made an even larger impact on NKLA's price performance this week. Shares surged just 8.65% on the date of the deliveries announcement, but on July 8, this same news was likely the main driver behind its nearly 17% rally that day. Second, NKLA is a heavily shorted stock, with around 21.52% o ...

Core Insights - Nikola Corporation is focused on pioneering solutions for a zero-emissions world through its integrated truck and energy offerings, including Class 8 battery-electric and hydrogen fuel cell electric trucks, and the HYLA brand for hydrogen refueling infrastructure [1][3]. Financial Reporting - Nikola Corporation will report its second quarter financial results for the period ending June 30, 2024, on August 9, 2024, with a management conference call scheduled for 10:30 a.m. ET [3][5]. - The company aims to enhance shareholder engagement by utilizing a Q&A platform for verified investors to submit questions, which will be addressed during the earnings call [4]. Engagement with Investors - The Q&A platform will be open from August 1, 2024, to August 8, 2024, allowing investors to participate actively in the discussion regarding the company's business and financial results [5].

Nikola (NASDAQ:NKLA) stock rose more than 25% today on reports that the electric vehicle (EV) maker had wholesaled 72 Class 8 Nikola hydrogen fuel cell trucks in its fiscal second quarter. This is above even the high end of previous guidance to wholesale 60 units. Shares of NKLA stock ended today up by 17%. Interestingly, Nikola also recently posted an encouraging job listing on its website. The company faced tremendous backlash for the disingenuous advertisement ending with Milton's firing. In fact, in Dec ...

Additionally, NKLA stock — along with other players in the electric vehicle (EV) ecosystem — suffered from high interest rates. The rise in borrowing costs strained consumer budgets, leading to reduced sector demand. Even with today's pop, NKLA lost about 66% of its market value since the start of this year. Interestingly, though, NKLA stock carries a consensus moderate buy rating among Wall Street analysts. Last month, Nikola announced a 1-for-30 reverse stock split to regain listing rule compliance. Embat ...