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And so the orders start to pour in!
some interesting wording in the PR is probably geared to encouraging others to make their minds up and order.
Latest Nikola Motor Institutional Ownership data
https://fintel.io/so/us/nkla
$MULN Mullen Unveiled $12K I-Go Urban Delivery Electric Vehicle For Europe
Bottom man, Twitter has NO REVENUES- but was just bought for $44 Billion by Elon Musk !!
All of that, the CNBC bullsh!t, analysts, etc mean nothing today... It all is irrelevant in my book...
As all things change in life, NIKOLA today is a changed company as well with new management all around.
As a former (born) Pennsylvanian, nobody knows energy or industry better than I/IUS, and when I heard of this collaboration between NKLA and KeyState, I was blown away !!!
As with a fine wine or good whisky, NKLA (The new Nikola) is getting better with age now...
570,000 Shares in Nikola Co. Acquired by DekaBank Deutsche Girozentrale
Posted by Shane Hupp on Oct 31st, 2022
https://www.tickerreport.com/banking-finance/9639316/570000-shares-in-nikola-co-nasdaqnkla-acquired-by-dekabank-deutsche-girozentrale.html
DekaBank Deutsche Girozentrale acquired a new position in shares of Nikola Co. (NASDAQ:NKLA – Get Rating) during the second quarter, HoldingsChannel.com reports. The firm acquired 570,000 shares of the company’s stock, valued at approximately $2,708,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Nikola in the first quarter valued at $29,000. Advisory Services Network LLC purchased a new stake in Nikola in the second quarter valued at $50,000. Captrust Financial Advisors raised its position in Nikola by 97.2% in the first quarter. Captrust Financial Advisors now owns 4,657 shares of the company’s stock valued at $50,000 after purchasing an additional 2,296 shares during the period. Nisa Investment Advisors LLC raised its position in Nikola by 218.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,300 shares of the company’s stock valued at $67,000 after purchasing an additional 4,320 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its position in Nikola by 23.8% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,575 shares of the company’s stock valued at $69,000 after purchasing an additional 2,800 shares during the period. Hedge funds and other institutional investors own 23.34% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on NKLA. BTIG Research upgraded Nikola from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, September 14th. Cowen reduced their target price on Nikola to $12.50 in a research report on Tuesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Nikola from $7.00 to $8.00 in a research note on Friday, August 5th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.83.
Nikola last released its earnings results on Thursday, August 4th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.04. The company had revenue of $18.10 million for the quarter, compared to analyst estimates of $16.58 million. During the same period in the previous year, the firm earned ($0.36) earnings per share. The company’s revenue for the quarter was up 1710.0% compared to the same quarter last year. On average, equities analysts forecast that Nikola Co. will post -1.91 earnings per share for the current year.
Insider Buying and Selling
In related news, major shareholder Trevor R. Milton bought 3,000,000 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was purchased at an average cost of $5.80 per share, with a total value of $17,400,000.00. Following the purchase, the insider now directly owns 51,047,726 shares of the company’s stock, valued at approximately $296,076,810.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Also, CEO Mark A. Russell sold 75,000 shares of Nikola stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $2.90, for a total value of $217,500.00. Following the sale, the chief executive officer now directly owns 2,812,346 shares of the company’s stock, valued at $8,155,803.40. Insiders sold 1,276,120 shares of company stock valued at $4,667,701 in the last three months. 18.30% of the stock is owned by corporate insiders.
About Nikola
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector.
$NKLA has a book value of only $1.38 and $285.18M of debt.
Nikola Stock Surges Following KeyState Partnership: Here's Where A New Trend Could Form
by Melanie Schaffer, Benzinga Editor
October 31, 2022 2:52 PM | 2 min read
https://www.benzinga.com/trading-ideas/long-ideas/22/10/29485799/nikola-stock-surges-following-keystate-partnership-heres-where-a-new-trend-could-form
ZINGER KEY POINTS
- Although Nikola has negated the sideways trading pattern, an uptrend will need to be confirmed with a higher low.
- The spike higher was likely to come because Nikola had developed bullish divergence on the daily chart.
Nikola Corporation NKLA +15.6% was surging about 15% higher on Monday. The sharp rise caused the stock to break up from a sideways pattern under which Nikola had been trading since Oct. 10.
The higher prices came after Nikola announced it has partnered with KeyState Natural Gas Synthesis to create Pennsylvania's first low-carbon hydrogen production value chain.
The two companies plan to enter into a definitive agreement at a later date to expand the hydrogen supply for Nikola's zero-emissions heavy-duty cell electric vehicles (FCEVs).
Read more about the partnership here.
Nikola has been heavily beaten down, having declined about 96% from the June 9, 2020, all-time high of $93.99 and about 76% from the Nov. 1, 2021, 52-week high of $15.56 to trade at around the $3.64 mark as of Monday.
The stock may be in for a larger reversal to the upside, especially if Nikola can confirm a new uptrend over the coming days.
The Nikola Chart: Although Nikola negated its sideways trading pattern by printing a higher high on Monday, the stock hasn’t confirmed a new uptrend with the formation of a higher low.
Over the next few days, bullish traders can watch to see if Nikola prints a bullish reversal candlestick above the $2.84 mark, which could provide a solid entry for those who aren’t already in a position.
- A spike to the upside was the most likely scenario. While Nikola was trading flat in the horizontal pattern, the stock’s relative strength index was making a series of higher lows, which created exaggerated bullish divergence. That divergence has now started to correct as Nikola has trended higher.
- If Nikola closes the trading day near its high-of-day price, the stock will print a bullish Marubozu candlestick, which could indicate higher prices will come again on Tuesday. The second most likely scenario is that Nikola will print an inside bar on Tuesday to consolidate Monday’s sharp spike.
- Bearish traders will want to see big bearish volume come in and drop Nikola back into the sideways range under $3.24, which could indicate Monday’s surge was a bull trap.
- Nikola has resistance above at $3.93 and $4.52 and support below at $3.59 and $3.24.
https://ih.advfn.com/stock-market/NASDAQ/nikola-NKLA/stock-news/89419393/nikola-and-keystate-announce-innovative-hydrogen-s
This will address the Mid Atlantic but not until 2026.
What will the early adopters use?
by 2026 there should be a general market for low/zero hydrogen and multiple refueling stations using whoever's hydrogen they can buy and refilling anyones vehicle
An Exclusive Tour of Nikola's Electric Semi-Truck! (First Impressions)
Visceral Ace
Posted Oct 30, 2022
In this video, I experience a Nikola Tre in person and give my initial thoughts on the quality, simplicity and engineering design of America's first mass production Class 8 electric-semi truck.
Water Firing Hypercar with NASA Technology | Hyperion
Supercar Blondie
9.98M subscribers
523,330 views Oct 28, 2022
This is the Hyperion XP-1... One of the most advanced cars ever built, it's powered by a hydrogen propulsion system which makes the car literally spits water from the exhaust. Also utilizes some of the most advanced technology ever added to a car, it can be charged in 5 minutes and has a range of over 1500km. The XP-1 can also reach 0-100kh/m in just 2.2 seconds and has a top speed of over 350km/h. Alex gives us a closer look at what is sure to be the coolest and most advanced cars ever.
Thanks to Hyperion, for more info on the XP-1, check them out here:
https://www.hyperion.inc/hyperionmoto...
https://www.instagram.com/hyperionmotors
https://www.facebook.com/hyperionmotor
News from a competitor, nevertheless, given that 98% of all vehicles are Internal Combustion Engine (ICE) vehicles, there is plenty room for all zero emission vehicle companies to succeed, with the only real competition being from ICE vehicles.
We Ride in Toyota’s Hydrogen-Powered Big Rig, The future is coming—and it will be quiet.
BY WESLEY WREN, AUG 29, 2022
Summary
- Toyota is developing and producing a hydrogen fuel cell powertrain for big trucks.
- The Toyota Fuel Cell powertrain is going into production in 2023.
- Toyota says that this powertrain solution can retrofit diesel power and features a similar weight penalty to the rig.
While the jury is still out on whether hydrogen fuel cells will play a big role in powering future consumer vehicles, it does show some promise in filling the long-range trucking space. That’s the thinking at Toyota, in any case, as the automaker has invested heavily in hydrogen-electric vehicles. This tech is still years away from seeing mass adoption on the roadways, but Toyota is readying its powertrain to see production start next year. As a simple proof of concept, the folks at Toyota stuffed their powertrain into a Kenworth T680 and took yours truly along for a ride.
Before we get into the meat of how this thing felt, let’s talk about the hardware. This once-diesel-burning Kenworth rig has had its oil-burning engine and most of its supporting structure removed. Behind the cab, the team at Toyota fit six hydrogen fuel cells. These cells feed the fuel stack that generates electricity for the electric motors. The power travels through a four-speed automated-manual transmission of undisclosed origin before traveling to the drive axle at the rear.
Now, if you’re seeing hydrogen storage and thinking Hindenburg, you’re not alone. Having a bunch of hydrogen stashed behind you can seem scary, despite the extensive safety tests run on the pressure vessels used to store said hydrogen—including being shot by a .50 caliber bullet.
Toyota’s Chris Rovik, executive program manager, wheeled the trailer-less rig and let me ride along. With no trailer in tow, the truck felt, well, like a big rig. Even as a passenger, you can feel how much power the system has because of how effortlessly the bob-tailed semi hustles from a standing start.
What’s more surprising is the absence of a clacking diesel mill and its exhaust, making the cabin eerily quiet. So quiet that it might push truck manufacturers to start chasing some of this noise away. Rovik notes, “All these new things that light-duty manufacturers have had to worry about for a long time are now suddenly more meaningful to them.”
The squeaking and jostling inside that cabin might also have something to do with the prototypical nature of this rig. Fortunately for folks at Toyota, that noise, vibration, and harshness problem won’t be theirs to solve. Toyota isn’t going to take what it’s learned from its Prius, Tundra, or Mirai programs and suddenly churn out Class 8 trucks. Instead, Toyota is reaching out to partners to supply these powertrains to churn out hydrogen-powered trucks.
Aside from the distinct lack of noise, and the reduced gear spread, the truck felt like a big rig. Sure, there wasn’t a trailer attached, which would likely dampen some of the spring in its hydrogen-fed step, but the transition to electrified powertrains should give big trucks the same torque advantage that we’re seeing in passenger cars.
If you’re curious about wear, serviceability, and longevity, Toyota has, obviously, thought of those, too. The team at Toyota suggests this powertrain should live about as long as you’d expect a diesel engine. Servicing the power unit is effectively limited to just filters, which keep clean the incoming air, which then bonds with the hydrogen and creates electricity.
It’s hard to say how these powertrains will actually pan out until they’re unleashed en masse on public roadways. Though, if folks do adopt these Toyota power solutions, they might be seen more prominently at shipyards or areas with shorter runs—at least from the jump. The lack of fueling infrastructure and the relatively short 300-mile range when pulling 80,000 pounds would make it a challenge for long hauls.
You might start to see these hitting your local truck stop sometime next year, when Toyota is set to launch this powertrain into production. Meanwhile, details about production partnerships still are not available to the public. It’s going to be interesting to see which solution long-range trucking takes with alternative power, and Toyota offers a viable option.
Nikola Semi Factory Construction Site October 29th, 2022 | Drone Footage of 10:30 AM
Bear's Workshop
Posted 11 hours ago
Port of Long Beach 2022 Green Highlights – Join Us for Green Port Fair Nov. 5
Posted Oct 28, 2022
Join the Port of Long Beach Saturday, Nov. 5 from noon-5 p.m. for Green Port Fair – find out how we're working to become the world's first zero-emissions port. Watch some of the green highlights of 2022 here as a preview.
This free-family friendly event focusing on our environmental efforts will feature Knyght Ryder (Music from the ’80s and ’90s), Zero-Emissions Equipment on display, Beer & Wine Garden (21 and over only), Variety of Food Available, Information Booths, Face Painting, Temporary Tattoos, Kids’ Train Ride and More!
The event is at our Port Maintenance Facility – free parking is at Pier H, 1126 Queens Highway, Long Beach 90802 (shuttles will take you to the event). More information at polb.com/greenportfair.
Sounds like same sh!t they tout here in USA; especially in California....
It's about choice. Give people options. You want electric or solar or whatever, good for you, take it and adjust to how you must utilize it... Others may not... But in all the wide world, NEVER will there be replacement for the total HP output and "measurement of work" accomplished by any internal combustion engine- gas or diesel...
Just the way it is. The wheel is round, you cannot make it better than that, though some still trying...
Nikola Motor on Twitter
Together with our dealer, Holt Truck Centers, we showcased the #NikolaTreBEV during the Holt Truck Centers Customer Appreciation Event today. Attendees learned about the Nikola Tre BEV's features, comfort, safety, and more. Schedule a test drive at your local Holt dealer today! pic.twitter.com/m4Nll25VIe
— Nikola Corporation (@nikolamotor) October 27, 2022
Everyone is after the Mullen 5 now
EU Reaches Deal for Ban on New Combustion-Engine Cars as of 2035
ByJohn Ainger
October 27, 2022 at 7:37 AM EDT, Updated on October 27, 2022 at 3:14 PM EDT
https://www.bloomberg.com/news/articles/2022-10-27/eu-set-for-deal-to-ban-new-combustion-engine-cars-from-2035
Absolutely correct !!
Just a very sad stock price for coming so far...
WITH 1500 STATIONS IN PIPELINE HYDROGEN TRUCK MARKET IN EU HEATS UP
By Arnes Biogradlija, October 24, 2022
https://energynews.biz/with-1500-stations-in-pipeline-hydrogen-truck-market-in-eu-heats-up/
The European Union (EU) recently passed a bill to considerably increase the number of hydrogen car charging stations, which has stoked the market for commercial hydrogen vehicles. Trucks powered by hydrogen are predicted to become more common.
The EU Parliamentary Transport and Tourism Commission has considerably changed the current hydrogen charging station proposal, according to industry sources on the 23rd. Previously, the installation of hydrogen refueling stations every 150 km on significant European arterial highways by the year 2030 was required. The duration is extended to 2027 in the case of the amendment, and the installation distance is lowered to 100 km. According to the industry, the EU would have more than 1,500 hydrogen refueling stations by 2030, up from the present 150 or so, if the law is passed.
The purpose of Europe’s accelerated hydrogen infrastructure growth is to lessen its reliance on Russian energy and hasten the transition to carbon neutrality. As the entire EU is stepping out of the expansion of hydrogen infrastructure, which has been the main barrier to the dissemination of hydrogen cars, the industry anticipates that it will serve as an opportunity to broaden the ecosystem for hydrogen cars.
According to Han Byeong-hwa, a researcher at Eugene Investment & Securities, “the budget has been greatly boosted and the plan to create around 10 million tons of hydrogen annually in 2030 has been doubled. It’s more likely to integrate into it, he added.
Of course, at this moment, hydrogen vehicles are more than twice as expensive as electric trucks and have issues with the availability of hydrogen charging stations as well as the supply and demand for hydrogen fuel. The driving range is greater, the charging time is only a few minutes, and the car is also quite light. There is a chance that in the future it will be more competitive than electric trucks in mid- to long-distance logistics if the cost of vehicle production is reduced.
Trucks powered by hydrogen are being developed by automakers, and they aim to travel 800 km or more on a single charge. In order to develop hydrogen fuel cells, Daimler Trucks and Volvo Trucks established a joint company named CellCentric last year. Daimler is concentrating on creating the 1,000 km-long GenH2 large-scale liquid hydrogen truck. In June, Volvo Trucks also began testing a hydrogen fuel cell truck. The Swiss, German, and American markets have been settled by Hyundai, which was the first company in the world to achieve success in mass production and marketing.
Toyota is also creating and manufacturing large quantities of the Hino XL hydrogen vehicle. A hydrogen truck called the “Nicola Tre FCEV” prototype was recently unveiled by Nikola, an American start-up that suffered reputational damage due to the hydrogen vehicle fraud incident. Changchung Motors and Sinotruck, two Chinese manufacturers of commercial vehicles, are actively showcasing hydrogen trucks. Chinese enterprises’ expansion cannot be disregarded because enormous demand is anticipated from domestic consumers alone.
According to a representative from a commercial vehicle manufacturer, only hydrogen trucks are capable of handling the 35% of trucks in Europe that travel at least 500 km a day on average.
UK, agree, that quote puzzles me as well. My guess is that the article was written well before the deal with Romeo Power was finalized, and failed to update the article before releasing the PR.
WTM
Some interesting information in there. NOt sure why they cant announce the deal with NEL - keep seeing NEL talk about their huge order from an unannounced US customer and their plans to start manufacture in the US.
Good to see them include selling H2 to third parties and not limiting their hydorgenstations to Nikola only vehicles. (that should be in the terms of any tax credits you claim).
very puzzled by this:
Nikola Highlights Benefits to Integrated Truck and Energy Business Model from The Inflation Reduction Act
October 20 2022
https://ih.advfn.com/stock-market/NASDAQ/nikola-NKLA/stock-news/89341059/nikola-highlights-benefits-to-integrated-truck-and
Summary
- The Inflation Reduction Act (IRA) is expected to provide a significant boost to Nikola's low carbon hydrogen energy business strategy, enabling lower cost hydrogen supply and dispensing infrastructure
- Nikola's energy business aims to develop access of up to 300 metric-tons of low carbon hydrogen supply and up to 60 hydrogen dispensing stations by 2026
- The IRA energy and other climate incentives are anticipated to lower costs across Nikola's expected portfolio creating greater value for Nikola's integrated business model
- The IRA's incentives for energy and zero-emissions truck manufacturing businesses are expected to further enable Nikola's zero-emission trucks to be competitive on a total cost of ownership basis when compared to traditional diesel vehicles
PHOENIX, Oct. 20, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today issued the following statement highlighting key elements of the Inflation Reduction Act (IRA), signed into law by President Biden this past August. The legislation supports every aspect of Nikola's integrated truck and energy business model from the development of zero-emissions vehicle technology through and including low-cost hydrogen production and dispensing infrastructure deployment.
The Inflation Reduction Act (IRA) supports every aspect of Nikola’s integrated truck and energy business model from the development of zero-emissions vehicle technology through and including low-cost hydrogen production and dispensing infrastructure deployment. Photo Credit: Tom Brenner
"The energy and climate investments included in the IRA are anticipated to help accelerate our strategic initiatives and drive new growth opportunities," said Michael Lohscheller, President, Nikola Corporation. "Given the expected scale of our hydrogen business model, and our early mover advantage, we believe Nikola is ideally positioned to benefit from nearly every aspect of the legislation at a scale ahead of current industry participants. The Act is expected to provide significant benefits to Nikola through production and investment tax credits, direct pay provisions, and other incentives that are expected to lower the cost of hydrogen, dispensing infrastructure and trucks for Nikola and our customers. The legislation is projected to enable Nikola and our strategic partners to create more jobs, play a key role in the transition to a low carbon economy, and build on our leadership position in zero-emission transportation."
Significantly Enhances Nikola's Integrated Business Through Lower Costs
Nikola's energy business model supports the needs of truck customers who require low carbon hydrogen supply and dispensing stations to support the adoption of fuel cell electric vehicle (FCEV) fleets. The IRA, when combined with other state-based incentives, such as the California Low Carbon Fuel Standard (LCFS), will reduce the overall cost of hydrogen production and dispensing. The required scale of hydrogen supply and dispensing infrastructure for the heavy-duty sector does not yet exist, and Nikola believes the IRA will help support its development activities as the Company and its partners take a leading role in building this critical infrastructure – enabling more sales of zero-emission vehicles (ZEVs) and creating additional value to Nikola's future energy business.
Scaled Clean Hydrogen Production
- Nikola and its strategic partners are working to build a large-scale hydrogen supply and dispensing infrastructure business to support Nikola's truck customers, as well as third-party demand. Specifically, this business aims to develop access of up to 300 metric-tons per day of hydrogen supply and up to 60 hydrogen dispensing stations by 2026, with significant growth plans over the decade. Several of these infrastructure projects are actively underway, including a hydrogen production hub in Arizona, which will be engineered to produce 30 metric-tons per day in its first phase, and will scale up to 150 metric-tons per day upon completion, which will help to support adoption of Nikola's trucks and hydrogen demand in regional markets including California. Nikola has made progress in advancing the development of this hub and have recently acquired a land parcel in Buckeye County, Arizona on which the hub will be located. With the land now secured, the permitting and rezoning process, as well as the procurement of long-lead equipment, has begun. This hub, when completed, will allow Nikola to supply its dispensing infrastructure in regional markets, including California
- Wabash Valley Resources (WVR) in Indiana is designed to produce over 250 metric-tons of low-carbon hydrogen per day, once built, of which Nikola has a 20% ownership interest. Hydrogen produced at the WVR facility is expected to ensure that Nikola will be able to supply the Midwest region with approximately 50 metric-tons of hydrogen per day.
- These and several other hydrogen production and infrastructure projects planned across the country are expected to benefit from the incentives provided by the IRA, including the following IRA Clean Energy Production, Investment and Carbon Management Tax Credits:
-- The Clean Hydrogen Production Tax Credit (45V) provides up to $3.00 per kilogram of hydrogen produced. The tax credit is a direct pay source of revenue for the first five years of a facility's production.
-- The Carbon Sequestration Credit (45Q) has been extended and expanded and provides up to $85 per metric-ton of carbon, which equals up to $1.00 per kilogram, that is captured and sequestered. This benefit adds a financial incentive to Nikola's planned hydrogen supply projects that will use advanced technologies, such as those being implemented by WVR, to capture carbon.
-- The extension of existing energy Investment Tax Credits (48) promotes the development of renewable electricity projects that provide zero-carbon electricity used in the production of hydrogen via electrolysis.
-- The addition of a technology neutral energy Investment Tax Credit (48D) will benefit various critical parts of the hydrogen manufacturing process, including hydrogen storage, by up to 30% of the eligible investment.
Accelerates Deployment of a Commercial Hydrogen Fueling Network and Commercial Hydrogen Vehicles
Nikola has begun to implement its hydrogen dispensing station development program in California and announced three station locations in August 2022. Additional stations across the U.S. are in progress and are expected to be announced in the near future. These projects are anticipated to benefit Nikola through the application of the IRA's incentives for hydrogen supply and dispensing station infrastructure development.
IRA Alternative Fuel Infrastructure Tax Credits
- The Alternative Fuel Refueling Property Credit (30C) supports Nikola's plans to build with its partners up to 60 dispensing stations by 2026. This provision promotes station development by offsetting the cost of construction for up to $100,000 per dispensing equipment item. When considered against the cost of a station, this could provide a significant reduction in cost.
- The IRA benefits for dispensing infrastructure, when combined with state hydrogen dispensing incentive programs such as California's Low Carbon Fuel Standard (LCFS), will allow low carbon hydrogen to earn an additional $1.00 - $2.00 per kilogram of hydrogen dispensed into a Nikola Tre FCEV, depending on the market-based demand for an LCFS credit. With LCFS, the price of hydrogen becomes significantly more cost competitive compared to costly diesel prices in the state. Oregon and British Columbia have enacted similar programs, and Canada (federally) and Washington will begin programs in 2023 and 2024, respectively, making these areas key targets as first movers to adopt the technology.
Advances Nikola's Manufacturing Capabilities and Broadens Customer Base
Nikola's vehicle and components production is expected to benefit from provisions of the IRA that will reduce the cost of vehicle manufacturing and accelerate customer acquisition.
- The expansion of Nikola's Coolidge manufacturing facility may benefit from an up to 30% Advanced Energy Project Credit (48C) through a $10 billion grant for advanced energy projects that expand manufacturing facilities for the production of heavy-duty battery-electric vehicles (BEVs) and FCEVs.
- Nikola may benefit $10 per kilowatt hour from the Advanced Manufacturing Production Credit (45X) for producing battery modules for BEVs and FCEVs, in the event Nikola produces battery modules in-house.
- Additionally, the new $40,000 Commercial Clean Vehicle Credit (45W) may reduce the upfront purchase cost of a Nikola Tre BEV or FCEV vehicle for fleets looking to transition from carbon-emitting Class 8 diesel engines.
Together, these incentives are expected to provide value across Nikola's integrated truck and energy business model by driving down the production costs of low carbon hydrogen, reducing infrastructure costs for the construction of hydrogen dispensing stations, and reducing the cost of ownership of a Nikola FCEV to be competitive on a total cost of ownership basis with traditional diesel vehicles.
About Nikola Corporation
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.
Biden to announce $2.8 billion in grants for domestic battery supply chains
By Betsy Klein and Maegan Vazquez, CNN
Published October 19, 2022
https://keyt.com/news/2022/10/19/biden-to-announce-2-8-billion-in-grants-for-domestic-battery-supply-chains/
President Joe Biden and Energy Secretary Jennifer Granholm are set to announce two key actions Wednesday aimed at lowering costs amid inflation by targeting domestic battery supply chains — new efforts the administration is rolling out 20 days before the midterm elections.
The battery investments, which come from the bipartisan infrastructure law passed last year, will include components affecting both the electric grid and electric vehicles.
The Department of Energy will award $2.8 billion in grants from the law to 20 manufacturing and processing companies for projects across 12 states, a senior administration official said.
And the White House is also announcing the formation of the American Battery Materials Initiative, which the official called “a new effort to mobilize the entire government and securing a reliable and sustainable supply of critical minerals used for power, electricity and electric vehicles.”
The funding will go to 12 states, an administration official said, describing the move as “a truly coast-to-coast announcement.” It will be spent in Alabama, Georgia, Kentucky, Missouri, Nevada, New York, North Carolina, North Dakota, Ohio, Tennessee and Washington. It is expected to create 8,000 jobs, officials said.
Wednesday’s investment marks “the first of several rounds of investment in the battery supply chain,” a second senior administration official said.
The private sector, which will be represented at Wednesday afternoon’s event, is expected to match the federal government’s investment.
“The recipients of federal grants to invest and build out the domestic supply chain are required to at least match the federal funding with private sector capital. They’ve more than done that in this case. So the $2.8 billion is being leveraged for a total of a $9 billion investment today,” the second official said.
And a third senior official pressed that the funding will move US away from dependence China for these minerals, suggesting the effort builds more broadly on building supply chains resilient from autocracies.
“Over the last decades, China has cornered the supply chain for batteries from critical mineral mining and processing to cathode anode belt manufacturing for critical minerals. For the critical minerals lithium, cobalt, graphite, nickel and manganese that are crucial to advanced batteries, China controls nearly all global processing capacity,” the official said.
The official continued, “As the world transitions from a fossil fuel to a clean energy-powered economy, we cannot trade dependence on oil from autocrats like Putin to dependence on critical minerals from China.”
true - but look at all the other green companies over the same period. I am heavy into PLUG Power for example.
If you believe Nikola has the ability to ride out any downturn - will customers still buy their trucks - (which given you can get over $150,000 credit form CA or NY to do so) , do they have the manufacturing capacity etc. do they have cash to cover until they are cash flow positive?
if so these are bargain prices to get in or add.
Shareholders are thrilled too lol
that was 2-3 years ago.
the company is not a scam it is real with real revenues and happy customers.
Scams selling shares based on not existing product - remember Badger??
do scams manufacture class 8 BEV trucks every day?
over 100 on the road already another 200 by year end and that in the USA only - more from ULM factory in Europe.
Not a scam.
You pumping this pos daily yet it dropping like a rock - nothing else but scam , and ex CEO proved it
BMW Boss Says Hydrogen, Not Electric, Will Be ‘Hippest Thing’ to Drive
Amid the hype of new electric vehicles, BMW is still pursuing other leads.
ByHannah Elliott, October 18, 2022
https://www.bloomberg.com/news/articles/2022-10-18/bmw-group-chairman-oliver-zipse-hydrogen-cars-are-still-happening
The iX5 concept, one of BMW’s attempts at hydrogen power.
BMW is hanging in there with hydrogen. That’s what Oliver Zipse, the chairman of BMW AG, reiterated during an interview Oct. 17 in Goodwood, England.
“After the electric car, which has been going on for about 10 years and scaling up rapidly, the next trend will be hydrogen,” he says. “When it's more scalable, hydrogen will be the hippest thing to drive.”
BMW has dabbled with the idea of using hydrogen as a power source for years, even though it is obscure and niche compared to the current enthusiasm surrounding vehicles powered by electricity. In 2005, BMW built 100 “Hydrogen 7” vehicles that used the fuel to power their V12 engines. It unveiled the fuel cell iX5 Hydrogen concept car at the International Motor Show Germany in 2021.
In August, the company started producing fuel-cell systems for a production version of its hydrogen-powered iX5 sport utility vehicle. Zipse indicated it would be sold in the United States within the next five years, although in a follow-up phone call a spokesperson declined to confirm that point. Bloomberg previously reported that BMW will start delivering fewer than 100 of the iX5 hydrogen vehicles to select partners in Europe, the US, and Asia from the end of this year.
All told, BMW will eventually offer five different drivetrains to help diversify alternative-fuel options within the group, Zipse says.
“To say in the UK about 2030 or the UK and in Europe in 2035, there’s only one drivetrain, that is a dangerous thing,” he says. “For the customers, for the industry, for employment, for the climate, from every angle you look at, that is a dangerous path to go to.”
Zipse’s hydrogen dreams could even extend to the group’s crown jewel, Rolls Royce, which BMW has owned since 1998. The “magic carpet ride” driving style that has become Rolls-Royce’s signature selling point is flexible enough to be powered by alternatives to electricity, says Rolls-Royce Motor Cars CEO Torsten Müller-Ötvös.
“To house, let’s say, fuel cell batteries: Why not? I would not rule that out,” Müller-Ötvös told reporters during a roundtable conversation Oct. 17 in Goodwood on the eve of the debut of the company’s first-ever electric vehicle, Spectre. “There is a belief in the group that this is maybe the long-term future.”
Such a vehicle would contain a hydrogen fuel-cell drivetrain combined with BMW’s electric “eDrive” system. It works by converting hydrogen into electricity to reach an electrical output of up to 125 kW/170 horsepower and total system output of nearly 375hp, with water vapor as the only emission, according to the brand.
Hydrogen’s big advantage over electric power, which requires an extensive and so-far nonexistent charging network, is that it can supply fuel cells stored in carbon-fiber-reinforced plastic tanks. “There will [soon] be markets where you must drive emission-free, but you do not have access to public charging infrastructure,” Zipse says. “You could argue, well you also don’t have access to hydrogen infrastructure, but this is very simple to do: It’s a tank which you put in there like an old [gas] tank, and you recharge it every six months or 12 months.”
Fuel cells at BMW would also help reduce its dependency on raw materials like lithium and cobalt, because the hydrogen-based system uses recyclable components made of aluminum, steel, and platinum.
Zipse’s continued commitment to prioritizing hydrogen has become an increasingly outlier position in the automotive world. In the last five years, electric-only vehicles have become the dominant alternative fuel—if not yet on the road, where fewer than 3% of new cars have plugs, at least at car shows and new-car launches.
Rivals Mercedes-Benz and Audi scrapped their own plans to develop fuel cell vehicles and instead have poured tens of billions of dollars into developing pure-electric vehicle. Porsche went public to finance its own electric aspirations.
BMW will make half of all new-car sales electric by 2030 across the group, which includes MINI and Rolls-Royce.
Next Step to a ZERO EMISSION PORT | E-Trucks in the Port of Hamburg
Posted Oct 18, 2022
HamburgPortAuthority
One of the most exciting innovations in the Port of Hamburg is the e-truck. What this means for the future of the port and what advantages they bring can be seen in this new episode of "PORT IS WHAT WE DO".
Los Angeles facility welcomes new #electrictrucks from Nikola Motor Company to #privatefleet. https://www.facebook.com/UnivarSolutions/videos/3434182670150063/?extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C-GK2T
Electric vehicle maker acquires large site in West Valley
By Audrey Jensen – Reporter, Phoenix Business Journal
Oct 17, 2022
https://www.bizjournals.com/phoenix/news/2022/10/17/nikola-buys-land-buckeye-phoenix-expansion.html
Arizona-based vehicle maker Nikola Corp. quietly purchased nearly 1,000 acres in the Phoenix metro at the end of September for $16.5 million, according to Maricopa County records.
Nikola (Nasdaq: NKLA) acquired the 920-acre site through Phoenix Hydrogen Hub LLC from Hardison Farms on Sept. 30, real estate database Vizzda shows. George Quinif of Peak Group LLC represented Nikola in the sale.
The massive site is located at 28702 W. Patterson Road in south Buckeye just west of State Route 85 near the Arizona Department of Corrections Lewis Prison, which is one of the largest prisons in the state and houses more than 4,400 inmates.
The sale comes after Nikola made multiple announcements that it planned to break ground on a hydrogen production hub in Arizona. The company's CEO said in August that Nikola would start construction on the new facility by the end of this year but did not disclose the location.
According to the Arizona Corporation Commission, Corey Hessen and Omar Khayum, senior vice president and vice president of Canada-based TC Energy, respectively, are the managers of Phoenix Hydrogen Hub LLC. Oil and gas giant TC Energy partnered with Nikola last year to develop large-scale hydrogen production hubs across the U.S. and Canada.
Nikola hasn't confirmed, though, whether it plans to build a hydrogen production hub in Buckeye. Nikola did not immediately respond to a request for comment about its plans. The city of Buckeye said nothing has progressed with the company beyond negotiations.
The automaker is currently producing battery electric vehicles and has produced several alpha prototypes of its fuel cell electric vehicles, which run on hydrogen. Nikola is planning to build out a hydrogen fueling network to support its vehicles. Its first three locations will be established in California.
Nikola Motors: On The Verge Of Bankruptcy?
Posted Oct 16, 2022
Visceral Ace
In this video, I discuss the odds of Nikola Motors going bankrupt, analyze their financials and the prospects of Tesla Semi.
perhaps thats what the land they just bought is for. I can see them having a 2024 date for any non Class8 truck system
UK and Srm4u, I was just going by the information provided by the individual at minute 1:22:20 into the following video, who sounds credible to me. Just my opinion, I am not forcing my opinion on anyone, I provide the information, people are free to make up their own mind.
The following link requires a subscription, however a summary of it was provided in the Bing search results (reproduced below). Following is also related information I found on the Romeo Stocktwits board.
Phoenix truck maker Nikola Corp. buys land in Buckeye
what have you been smoking? maybe the reckless is not dead too.....
https://nikolamotor.com/reckless
It is curious that it’s still up on the website and the interview on the YouTube link is very interesting as well. I know that in the recent past Mark Russell said they are not working on it and that their sole focus is on the class 8 trucks. Time will tell I guess.
It is curious that it’s still up on the website and the interview on the YouTube link is very interesting as well. I know that in the recent past Mark Russell said they are not working on it and that their sole focus is on the class 8 trucks. Time will tell I guess.
They were too lazy to take that down or on purposes fake advertisement
how do we know the web site is current?
makes no sense to be doing this (just like Tesla shouldn't do the Cybertruck).
Besides there is no manufacturing plant for it.
Nikola Badger not dead, website is still up https://nikolamotor.com/badger.
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Nikola and VectoIQ Acquisition Corp. Announce Closing of Business Combination
Published June 03, 2020
https://nikolamotor.com/press_releases/nikola-and-vectoiq-acquisition-corp-announce-closing-of-business-combination-77
Steve Girsky
Girsky was GM Vice Chairman from March 2010 through January 2014. During that time he was responsible for several functional areas, including:
Global corporate strategy,
New business development,
Global product planning and program management,
Global connected customer/OnStar, and
GM Ventures LLC and global research & development.
Girsky also served as Chairman of the Adam Opel AG Supervisory Board and as interim President of GM Europe during this time frame, a critical period in
which the company established its current 'Drive Opel 2022' strategy. Girsky also held responsibility for GM's Global Purchasing and Supply Chain function
from 2011 to 2013, and served as Senior Advisor to General Motors from January 2014 to July 2014.
https://investor.gm.com/news-releases/news-release-details/gm-announces-stephen-girsky-retire-board-directors
https://www.freightwaves.com/news/shell-stuffing-how-nikola-became-vectoiqs-public-preference
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165678224
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165764942
Nikola and TC Energy Sign Joint Development Agreement
for Co-Development of Large-Scale Clean Hydrogen Hubs
October 7, 2021
Nikola and TC Energy sign joint development agreement for co-development of large-scale clean hydrogen hubs. Nikola Corporation (Nasdaq: NKLA), (Nikola),
a global leader in zero-emissions transportation and energy infrastructure solutions, and TC Energy Corporation (TSX,NYSE: TRP), (TC Energy), a leading
North American energy infrastructure company, have agreed to collaborate on co-developing, constructing, operating and owning large-scale hydrogen
production facilities (hubs) in the United States and Canada.
https://hydrogen-central.com/nikola-tc-energy-agreement-hydrogen-hubs/
#NationalHydrogenDay celebrations continue with a sneak peek of all things happeningat our Coolidge
manufacturing facility, including our Nikola Tre #FCEV, for our next episode of the #DrivingChange series!
1:57 PM · Oct 8, 2021
https://twitter.com/i/status/1446565427493044225
Hydrogen Heavy Duty Vehicle Industry Group Partners to Standardize Hydrogen Refueling,
Bringing Hydrogen Closer to Wide Scale Adoption
Published October 08, 2021
https://nikolamotor.com/press_releases/hydrogen-heavy-duty-vehicle-industry-group-partners-
to-standardize-hydrogen-refueling-bringing-hydrogen-closer-to-wide-scale-adoption-137
Gettin' it done. Season 2 of #DrivingChange starts with the continued journey
of the #NikolaTre FCEV alpha builds in Coolidge, Arizona.
November 3, 2021
https://www.facebook.com/nikolamotorcompany/videos/driving-change-season-2-episode-1-
get-it-done/1259891077770836/?__so__=permalink&__rv__=related_videos
https://www.youtube.com/watch?v=RokrKePeRrk
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