NKLA Stock Recent News

Nikola reported mixed Q2/2024 results, with higher sales more than offset by increased cash usage. As a result, unrestricted cash was down by more than 25% sequentially to $256.3 million. At the current rate of cash usage, the company will have to raise additional capital by Q4/2024 at the latest point.

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.

President and CEO of Nikola (NKLA) Steve Girsky joins Nicole Petallides to discuss the company's turnaround plan, 2Q vehicle deliveries, and what's next for Nikola. ======== Schwab Network ======== Empowering every investor and trader, every market day.

Nikola Corporation (NASDAQ:NKLA ) Q2 2024 Earnings Conference Call August 9, 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 Greg Lewis - BTIG Jeff Kaufman - Vertical Research Partners Ben Kallo - Baird Operator Good morning and welcome to Nikola Corporation's Second Quarter 2024 Earnings and Business Update Call.

Nikola beat Wall Street expectations for second-quarter revenue and posted a smaller-than-expected adjusted loss on Friday, signaling an uptick in deliveries of its hydrogen big rigs as clients ramped up spending. Shares of the electric truck maker rose 17% in early trading.

Shares of Nikola Corp. extended their bounce on Friday after the maker of electric and hydrogen-fuel-cell trucks reported losses that narrowed sharply and revenue that more than doubled to beat expectations for the first time in nearly two years.

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 zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today reported financial results and business updates for the quarter ended June 30, 2024. "In the last three quarters of serial production, we have demonstrated that Nikola is the offtake.

Electric vehicle ( EV ) companies are likely going to face a significant challenge in the upcoming months. Inflation, while slowing, is still choking investors and consumers alike and remains a key concern for the Federal Reserve's economic policy.

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24/7 Wall St. Insights Electric vehicles (EVs) were supposed to be the next big thing.