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Nikola Corporation - NKLA STOCK NEWS

Welcome to our dedicated page for Nikola Corporation news (Ticker: NKLA), a resource for investors and traders seeking the latest updates and insights on Nikola Corporation stock.

Nikola Corporation (Nasdaq: NKLA) is a pioneering force in the realm of zero-emissions transportation and energy solutions. Headquartered in Phoenix, Arizona, Nikola focuses on the design and manufacture of electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains. The company operates primarily through two business units: Truck and Energy.

The Truck Business Unit is responsible for producing and selling Fuel Cell Electric Vehicles (FCEVs) and Battery Electric Vehicles (BEVs). These vehicles are designed to offer environmentally friendly, cost-effective solutions, particularly to the trucking sector. Notable recent achievements include the successful delivery of the first production Class 8 hydrogen fuel cell truck in North America in Q4 2023. The company has also made strides toward scaling production and enhancing the capabilities of their battery-electric trucks.

The Energy Business Unit focuses on developing and maintaining a broad hydrogen fueling infrastructure. Through their HYLA brand, Nikola has opened modular refueling stations in California and is working on further expanding this network. In 2024, they plan to secure additional sites and deploy modular fuelers to support fleet operations.

Under the leadership of CEO Steve Girsky, Nikola reported impressive financial results and business updates for the fourth quarter and full year ending December 31, 2023. They began delivering production hydrogen fuel cell electric trucks and have ambitious plans to optimize revenue and costs while securing additional refueling sites.

Nikola's commitment to sustainability is further exemplified through strategic partnerships. For instance, their collaboration with IMC, the largest marine drayage company in the U.S., led to an order of 50 Nikola hydrogen fuel cell electric trucks, further solidifying their position in the market.

In addition to these operational successes, Nikola is also enhancing their executive team. The recent appointment of Thomas

News

Waste Industry Leader and Former Republic Services COO Tim Stuart Joins AMP’s Board of Directors

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AMP Robotics Corp. appoints Tim Stuart, a waste and recycling industry leader, as its first independent director. Stuart's extensive experience at Republic Services Inc. and Waste Management, Inc. brings valuable insights to AMP's board.
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IMC UNVEILS DESIGN OF ITS 50 NIKOLA HYDROGEN FUEL CELL ELECTRIC TRUCKS AT GRAND OPENING OF SUSTAINABLE FACILITY

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Nikola Corporation partners with IMC to provide 50 hydrogen fuel cell electric trucks for sustainable drayage operations, marking a significant milestone in zero-emission transportation.
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THOMAS B. OKRAY NAMED CHIEF FINANCIAL OFFICER OF NIKOLA CORPORATION

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Nikola Corporation appoints Thomas B. Okray as CFO to drive growth in zero-emissions trucking and hydrogen infrastructure solutions, leveraging his extensive financial expertise and global experience.
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Nikola Corporation Reports Fourth Quarter and Full Year 2023 Results

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Nikola Corporation (NKLA) reports financial results and business updates for Q4 2023, delivering the first production hydrogen fuel cell electric truck in North America, raising $230.3M in Q4, and ending the year with $464.7M in unrestricted cash. They added two experienced board members and remain on track to get battery-electric trucks back to end users by Q1.
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Concerned Stockholders of Nikola Corp. Introduce Slate of Independent Director Candidates for Election to the Company’s Board at the 2024 Annual Meeting

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M&M Residual, LLC, a top stockholder of Nikola Corporation (NKLA), nominates five independent director candidates due to concerns over poor corporate governance, operational underperformance, stock dilution, and financial losses. The candidates bring expertise in strategic planning, executive leadership, operations, manufacturing, and the electric vehicle industry.
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CARLA TULLY APPOINTED TO NIKOLA BOARD OF DIRECTORS

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Nikola Corporation appoints energy and infrastructure expert Carla Tully to its Board of Directors as the company expands its energy infrastructure business. Tully's extensive experience in energy organizations brings valuable expertise to Nikola in 2024 and beyond.
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Nikola Rejects Slate of Directors Nominated by Trevor Milton for Election to Nikola Board of Directors

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Nikola Corporation rejects former Executive Chairman Trevor Milton's slate of director nominees, citing lack of experience and expertise. Milton, convicted of fraud and sentenced to prison, remains separated from the company. The current board of directors, led by industry experts, is committed to creating long-term value for stockholders.
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NIKOLA OPENS FIRST HYLA HYDROGEN REFUELING STATION IN SOUTHERN CALIFORNIA

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Nikola Corporation (Nasdaq: NKLA) opens its first HYLA hydrogen refueling station in Southern Calif., with plans to establish up to 60 hydrogen refueling solutions by Q2 2024. The station is expected to support up to 40 Class 8 trucks daily, marking a significant milestone in Nikola's commitment to providing hydrogen refueling solutions for zero-emissions transportation. The company aims to establish one of the world's largest heavy-duty hydrogen refueling networks, prioritizing access for its customers and contributing to the decarbonization of transportation.
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OLE HOEFELMANN APPOINTED AS PRESIDENT OF NIKOLA ENERGY

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Nikola Corporation appoints Ole Hoefelmann as President of Nikola Energy division, an international energy executive with 30-plus years' experience in the hydrogen business. Hoefelmann will oversee the company's energy business, including supply strategy, technology, dispensing, and development. Joe Cappello, the previous President of Nikola Energy, will be departing from the organization to ensure a smooth transition.
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NIKOLA CORPORATION ANNOUNCES DATE FOR FOURTH QUARTER AND FULL YEAR 2023 RESULTS AND WEBCAST AND Q&A PLATFORM FOR SHAREHOLDERS

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Nikola Corporation (NKLA) will report its Q4 and full year 2023 financial results and business updates on February 22, 2024. The management will hold a conference call and webcast to discuss the company's business and outlook. A Q&A platform will allow verified investors to submit and upvote questions, which management will address on the earnings call.
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FAQ

What is the current stock price of Nikola Corporation (NKLA)?

The current stock price of Nikola Corporation (NKLA) is $1.18 as of December 20, 2024.

What is the market cap of Nikola Corporation (NKLA)?

The market cap of Nikola Corporation (NKLA) is approximately 102.2M.

What does Nikola Corporation do?

Nikola Corporation designs and manufactures electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains.

What are Nikola's latest achievements?

Nikola has successfully delivered the first production Class 8 hydrogen fuel cell truck in North America and is expanding its hydrogen fueling infrastructure.

Who is the CEO of Nikola Corporation?

Steve Girsky is the current CEO of Nikola Corporation.

What is the HYLA brand?

HYLA is Nikola's energy brand focused on developing a comprehensive hydrogen refueling ecosystem, including supply, distribution, and dispensing.

Where is Nikola Corporation headquartered?

Nikola Corporation is headquartered in Phoenix, Arizona.

What are the business units of Nikola Corporation?

Nikola operates through two main business units: the Truck Business Unit and the Energy Business Unit.

What recent partnerships has Nikola formed?

Nikola recently partnered with IMC, leading to a significant order of 50 hydrogen fuel cell electric trucks.

What are Nikola's plans for 2024?

In 2024, Nikola aims to optimize revenue, scale hydrogen fuel cell electric truck production, secure additional modular refueling sites, and bring their battery-electric product back to the market.

How is Nikola enhancing its executive team?

Nikola recently appointed Thomas 'Tom' B. Okray, an accomplished financial executive, as Chief Financial Officer to strengthen its leadership.

Where can I find more information about Nikola Corporation?

More information can be found on Nikola's official website, as well as their social media channels on Facebook, Instagram, YouTube, LinkedIn, and Twitter.

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Nikola Corporation

NYSE:NKLA

NKLA Rankings

#4379 Ranked by Market Cap
N/A Ranked by Dividends

NKLA Stock Data

102.20M
81.99M
4.05%
24.7%
21.14%
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