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After today's news, what is the next catalyst?
DNU, Amazon and Walmart already have hydrogen refueling stations (supplied and maintained by Nikola's partner Plug Power) at dozens of their distribution centers all across the US supporting their material handling operations. These will simply need to be upgraded to support refueling Nikola's Class 8 hydrogen FCEV trucks. Both Amazon and Walmart could potentially submit orders to Nikola for hundreds of hydrogen FCEV trucks.
I see more needed - but depends BIG and BIGGER on inbound cash flow from
H truck sales
? income from HYLA - net
? income from BEV if NKLA has a market for 100 or so ALREADY built BEV
current Revenue rate leads to more than 100MM
Agree
(Would be interesting to understand how a customer does this "on their own" - in terms of measuring or guesstimating potential demand for H truck where there is no built up infrastructure)
at least 3 quarters available (at current rate but should start to get more revenues/lower cost per FCEV.
strategy has been to have 12 months cash on hand so may need another $100m raise
I missed that bullet.
I assume GTG have facilities in their depot(s) for hydrogen storage and dispensing.
There will be pockets of leading transport companies starting this way while near port public stations start to get rolled out.
DNU, what I believe they mean, is that in this recent sale in a new market in NY State, they were able to decouple the sale of hydrogen FCEV trucks from the deployment of new hydrogen refueling stations (as they have had to do so far in other markets, since the hydrogen refueling infrastructure is currently practically inexistent), apparently because the customer somehow found a way to provide their own refueling infrastructure (although not explicitly mentioned), thus they were able to enter a new market with less capital.
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Wednesday, May 8, 2024 | 2–3:30 p.m.
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Can anyone explain why sales went up but revenues are down.
Is this their way to keep stock below $1 to encourage voters to choose RS?
?????
can be decoupled from Hydrogen
WHAT and HOW
How does a company buy a truck that needs H in a world decoupled from Hydrogen ?
Help
cash burn
at this rate of income or double or ? - three quarters available
or do you see it differently ?
then this
which says - the pps is up ???
and compares Q1 24 v Q1 23 (which may have been BEV way back when ????)
and this is Barrons
WTF
https://finance.yahoo.com/m/ca2ea1f2-1b55-33ef-98e2-b9175ac27a4f/nikola-stock-rises-after.html
Is this right?
Missed REV for finished Q1 at 50%
and how are they reporting two quarters and slow down -- if to get two quarters - by month end March ? the author had to look at the end of last year and Q1 and I did not see a slow down
HELP --- are they simply wrong -- it is a REUTERS article !!! (so that has some cred?)
https://finance.yahoo.com/news/ev-truck-maker-nikola-misses-110748811.html
UK, another key highlight for me from the Q1 Earnings Report is the following excerpt from Slide 5 of the Presentation (link https://nikolamotor.com/wp-content/uploads/2024/04/Q1-2024-Earnings-Deck_FINAL-pdf_05.06.24b.pdf) with emphasis on the last bullet:
a LONNNGGGGGG time since I played with options
if you wrote $1 call options - why would anyone call them away ? (Best I remember - the $1 Call has true value only if price exceeds $1 - as the buyer can buy the stock at $1 v say 1.15 ?)
?
UK, thank you for the insightful review of Q1 earnings.
Pretty decent numbers for Q1. Truck numbers indicate that by making VIN 100 of the CEV in April they should exceed their Q2 number (probably made 20 in April alone). If they make 100 in H1 that will leave 200-250 for the second half when hopefully the costs start to drop.
Battery supply seems to be the restriction - needed for BEVs and FCEVs.
cash burn not as high as expected - they are obviously focussed on this which is good news as far as any share dilution in the near term. will be interesting to hear the forecasts for the current quarter and rest of the year.
So many more trucks on the road than the Musk company!
Nikola Corporation Reports First Quarter 2024 Results
Published May 7, 2024
Link to Press Release https://nikolamotor.com/nikola-corporation-reports-first-quarter-2024-results
Link to Webcast https://www.webcast-eqs.com/nikola20240507/en
Link to Presentation https://nikolamotor.com/wp-content/uploads/2024/04/Q1-2024-Earnings-Deck_FINAL-pdf_05.06.24b.pdf
Link to Previous Results (Q4/FY 2023) https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173897729
Highlights
- Continued to execute our plan to ramp up hydrogen fuel cell electric trucks (FCEVs) in 2024
--- Wholesaled 40 FCEVs in Q1, all designated for end fleets, exceeding high-end of guidance range
--- Marked the second quarter of serial production of FCEVs; Program-to-date, Nikola has wholesaled 75 FCEVs
- Green shoots in new markets like N.Y., meeting the demands of fleet users beyond Calif.
- Expanded HYLA’s North American reach. During the quarter, we opened:
--- HYLA hydrogen modular refueling stations in Ontario and near the Port of Long Beach, Calif.
--- HYLA’s first hydrogen refueling station in Alberta, Canada to support fleets along the busy Edmonton to Calgary freight corridor
- Seeing opportunities in constructive green policies
- Completed first delivery of remediated BEV back to customer in Q1
PHOENIX – May 7, 2024 — 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 March 31, 2024.
“We continue to move forward rapidly and execute our plans. And please keep that in mind – we are in the execution phase, not the planning or concepting phase,” said Steve Girsky, President and CEO of Nikola. “Last quarter, I talked about getting on the field with the first deliveries of our hydrogen fuel cell electric trucks. Today, we are executing plays, competing, and cultivating more green shoots as we expand upon current markets and enter new ones.”
Hydrogen Fuel Cell Electric Truck
At the end of Q1, we exceeded the high-end of the guidance range by delivering 40 FCEVs, all designated for end fleets. That makes 75 wholesaled FCEVs in the first two quarters of serial production. We’re seeing green shoots with repeat and new fleets, some in new markets such as N.Y. While our initial focus has been Calif. and Canada, we can expand our reach to meet the demands of end fleet users virtually anywhere in the U.S.
Program-to-date, Nikola FCEVs have accumulated over 830,000 miles with an average fuel economy exceeding our target of 7.2 mi/kg. We’re doing what it takes to delight prospective and existing customers with the best possible experience.
Energy
Our HYLA team is executing its Hydrogen Highway Plan, and we remain on track. Previously we had committed to nine additional HYLA refueling stations in Calif. by year-end 2024. Now we are expecting to provide nine hydrogen fueling solutions by mid-year 2024 and 14 by year-end 2024. These solutions include modular fuelers and partner stations in Calif., Canada and our home station at our Coolidge, Ariz. manufacturing facility. We want to emphasize that building the hydrogen ecosystem requires industry wide collaboration for the benefit of all. We need partners and they come in different forms and stages of infrastructure development. The shared mission is to build an open ecosystem accessible to all.
Constructive Green Policies
We maintained our dominant market share of HVIP vouchers for Class 8 FCEVs, ending the quarter with 362 of 367 or 99% of the unredeemed vouchers that were requested in 2023 through March 2024. On the Class 8 BEV side, we ended Q1 with 85 unredeemed vouchers or 30% market share. While HVIP is only one program, we’re encouraged by the progress in constructive green policies. Two in particular, help us fund our business. CARB’s Heavy-Duty Omnibus Regulation allows us to monetize the NOx and particulate matter or PM credits we generate from selling zero-emissions trucks on a model year basis. We are pleased to confirm that Nikola has executed its first sale agreement for credits generated for Model Year 22 and revenue from this transaction will be recognized in Q2 2024. We expect future revenue from the sale of CARB credits to grow over time and be meaningful.
Battery-Electric Truck
Lastly, we completed the first delivery of a remediated BEV in Q1. We continue to prioritize returning BEVs to customers and dealers and now expect to complete remediation of these units by year-end 2024. Our ability to sell Nikola’s on-hand inventory, however, will be dependent upon future battery supply; we now expect to opportunistically sell on-hand inventory for revenue in 2025.
We’ve also taken this opportunity to “future proof” the BEV 2.0, as it now shares significant software commonality with the battery and operating systems on the FCEV, allowing customers to receive next-generation upgrades seamlessly over-the-air as they are deployed. We’ve kept our fleet users front and center as we’ve engineered over-the-air enhancements, including dynamic data gathering for predictive diagnostics, improved truck performance and field issue identification. We’ve also deployed new Advanced Driver Assistance Systems (ADAS) features to effectively manage powertrain demand in aggressive route conditions such as mountainous driving.
Webcast and Conference Call Information
Nikola will host a webcast to discuss its first quarter results and business progress at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time) on May 7, 2024. To access the webcast, parties in the United States should follow this link: https://www.webcast-eqs.com/nikola20240507/en.
The live audio webcast, along with supplemental information, will be accessible on the Company’s Investor Relations website at https://nikolamotor.com/investors/news?active=events. A recording of the webcast will also be available following the earnings call.
About Nikola Corporation
Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem, covering supply, distribution and dispensing. Nikola headquarters is based in Phoenix, Arizona with a manufacturing facility in Coolidge, Arizona.
For more information visit our website, Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or X/Twitter @nikolamotor.
14 hydrogen stations = more hydrogen trucks!
I've been selling covered calls on half of my position. I was selling May $1.00 calls all day and if the stock is taken away from me I would be so happy!!
I just sat down again
oops - it is down
so - yes it could be a leak
or
some holders decided to not be in the stock when the ER comes out and would rather buy back in after or be out and out for a while
for me that is way too much work for a speculation - that I do not expect to pay off for at least 18 months
I wonder if the ER report is starting to leak out!
yup
they always seem to be light on at least 2 details we want
I assume they are producing as fast as they can (with one shift assumed)
I really do not know what FINAL number for Q1 they will give or repeat the last one. They can easily report April production and that is key IMO
Not sure they will hold back on purpose if indeed they are making serious gains in production. My sense is they still have supply restraints and are likely not making big noticeable gains in production - and that slower than any of us wanted ramp up - is part of the reason they are OK with beating up the PPS for now and then doing a RS ------ if it is going to work and they are going to get to 1,000 trucks a year - it is going to take time and money . We will see - and I do not think they have given up their first place position as their trucks appear very much liked. Then if the BEV is going back with some pace and is on the road and working - that adds.
We will see - but I do think things are OK but not ramping up as any of us would like
I've been selling covered calls this morning.
All I am listening to is the production numbers for both FCEV and BEV.
April was around 15 FCEV (as they did number 100 at the end of the month - probably not shipped to end user though
They need to tell us how they are ramping up and the supply chain pinch points and how they are being addressed (dual supplier for fuel tanks?).
The BEV numbers will be interesting now the battery issue is addressed and BEV 2.0 are in the field.
for the board to not consider a R/S the SP price would have to be way above $3 IMHO. If they can get back to $1 to keep nasdaq though we may heear them delay the R/S if cash management is under control. but to get the SP moving we need deliveries and ramp up forecasts.
I think tomorrows ER report will be a non event! He will give us a watered down report going forward even though the company may be doing better then what he says. He needs to keep the stock price here or lower to get the R/S! After the R/S is done they will come out with positive guidance to support the stock price. I own a lot of stock and I hope I'm wrong, but it's all starting to making sense to me.
We or ?
Saw this was about half an hour and with apologies took a pass
Is it clear from this or ? - how NKLA makes money on H ?
Seems to me - (and I am not arguing good or bad !!!!!) NKLA does a ton of partnering to get this going more completely and faster so the trucks it builds have the ability to refuel. But at each separate announcement - I can not find the source of profit for NKLA
e.g. Company A sets up or will set up a "station" and NKLA buys H from another Company - say Company B - to help Company A --- but unless NKLA is simply acting as a secondary supplier with a mark up - how is this making money for NKLA?
You could be correct, the volume really picked up in the last 20 minutes.
agree
agree
maybe a buyer was waiting for that drop - the usual one - and gave up and bought a bunch and drove up the price an extra penny or so
I was waiting for the late day sell off that never came! Actually the stock gained strength in the last 20 minutes and I have to ask myself why?
Repost from PLUG board, courtesy of B_B!
Futures extend gains after April jobs data
May 3, 2024
(Reuters) - U.S. stock index futures extended gains on Friday as fresh evidence of easing labor market conditions boosted hopes that the Federal Reserve could cut interest rates sometime this year.
A Labor Department report showed nonfarm payrolls increased by 175,000 jobs in April, compared with expectations for an increase of 243,000, according to economists polled by Reuters.
The unemployment rate stood at 3.9% compared with expectations that it would remain steady at 3.8%, while average earnings rose 0.2% on a monthly basis against forecasts of 0.3% growth.
At 08:30 a.m., Dow E-minis were up 520 points, or 1.35%, S&P 500 E-minis were up 55 points, or 1.08%, and Nasdaq 100 E-minis were up 249.5 points, or 1.41%.
https://www.streetinsider.com/Reuters/Futures+extend+gains+after+April+jobs+data/23167990.html
California welcomes hydrogen alternative fuel infrastructure
CGTN America
703K subscribers
Posted Apr 25, 2024
Electric vehicles have exploded in popularity. But many auto experts believe there’s another green technology with even more potential — hydrogen-powered cars. As Mark Niu reports, innovators in the state of California are leading the way in trying to make that a reality.
How Nikola is building a Hydrogen Highway with Ole Hoefelmann | Loaded and Rolling
FreightWaves
28.7K subscribers
Posted May 1, 2024
In today’s episode Ole Hoefelmann, president of the Nikola Energy division at Nikola joins us to talk about their Hydrogen Highway plan to establish refueling stations. We also dive into Nikola’s plans on how they are expanding their HYLA hydrogen refueling stations nationwide through partnerships, collaborations, and funding.
Penny flippers day after day! Lets get the R/S done and get out of this trend we are in!! I'm sure they will line up institutions to buy stock after the R/S to keep the shorts from getting out of hand!
I need to redo the math
what is your split ratio ---- that gets a shrunken 12 - 16 (we agree on say 20% shrinkage in PPS post R/S)
A $12.00-$16.00 price would put the share price somewhere between $0.60 - $0.80 before R/P.
current price about 65 cents
so 20 x 65 cents does not get us 16 even before haircut for being reverse split
I will take 1 share at 16
Versus 20 shares at .65
or is my math wrong?
My guess it will be a 20/1 R/S which will probably end up with a $12.00-$16.00 price.
thank you - I will listen
He makes some very good points in the video!
Is there new information in some video NKLA posted ? I assume it is a sales job for RS?
and re cars
seems to be a bunch of companies and articles saying for cars ----- HYBRID will be huge -- and that will take a lot more from the EV side as % of current sales
Love it
Will worry about Chinese competition for Class 8 trucks in 5 years == right now everything that supports H as a REAL and LASTING fuel for cars and trucks is great news
GREAT
agree
every station is a plus for H truck sales
but - in looking at revenue and profit - I now will push out any thing of size on HYLA for years
Repost from PLUG board, courtesy of B_B!.
Amid Elon Musk's Visit To Beijing For FSD Push, China Is Eyeing 'Economical' Hydrogen-Powered Vehicles As Next Alternative For Green
Pooja Rajkumari April 29, 2024
Tesla CEO Elon Musk recently wrapped up his visit to China, sparking speculation about the introduction of the full-self driving (FSD) system in the country. However, this visit comes at a time when China’s auto sector is focusing on hydrogen-powered vehicles with policymakers introducing various incentives and business applications to position China as a global leader in this clean energy source.
What Happened: Both central and local governments in China are rolling out a range of incentives to encourage the use of hydrogen-powered vehicles, South China Morning Post reported recently.
For example, Sichuan province is contemplating the removal of highway tolls for these vehicles and lifting restrictions on their access within the city. The province also plans to construct hydrogen refuelling stations and offer subsidies based on the standards of the charging stations.
Hydrogen, a carbon-neutral energy source, allows quick refuelling, making it an ideal choice for large commercial vehicles. Guotai Junan Securities analyst Pang Junwen pointed out that Sichuan’s initiative could make hydrogen-powered vehicles a cost-effective alternative to diesel-fuelled trucks.
Sinopec, China’s largest oil and gas producer, has constructed 11 hydrogen fuel supply centres and 128 hydrogen refuelling stations. Recognizing hydrogen energy as a new frontier for emerging technologies and industries, China, already a significant producer of electric vehicles and lithium batteries, is keen to explore this avenue further.
.....
https://www.benzinga.com/markets/asia/24/04/38484139/amid-elon-musks-visit-to-beijing-for-fsd-push-china-is-eyeing-economical-hydrogen-powered-vehicles-a
DNU, true, however, Nikola needs hydrogen refueling stations to be available now, regardless of ownership, in order to sell trucks. The trucks have an insatiable need for hydrogen supply, so once Nikola is able to sell thousands of trucks a year, and has funds, they'll be able to build their own refueling stations.
I want stations
I doubt NKLA gets a direct benefit
DNU, FirstElement Fuel is a Nikola partner, not sure what the terms are.
Nikola and FirstElement Fuel Forge 10-Year Strategic Partnership to Advance Hydrogen Fueling Infrastructure
FirstElement Fuel named authorized Fueling Solutions Partner for Nikola Class 8 hydrogen fuel cell electric trucks
Published December 20, 2023
https://nikolamotor.com/nikola-and-firstelement-fuel-forge-10-year-strategic-partnership-to-advance-hydrogen-fueling-infrastructure
Key quotes:
FEF is in the process of installing a number of hydrogen refueling stations capable of fast-filling for Class 8 trucks. This strategic initiative with Nikola will enable an acceleration of FEF’s commitment to building hydrogen infrastructure to serve transportation hubs in areas where clean solutions are imperative.
Nikola plans to develop a series of new hydrogen fueling locations under the brand name HYLA throughout Southern Calif. in the coming months followed by Northern Calif. to support the recent launch of the Nikola hydrogen fuel cell electric truck. Supplementing these stations will be a network of hydrogen fueling solution partners that will create additional hydrogen fueling opportunities for Nikola customers. The combination of these hydrogen fueling options will help facilitate the adoption of hydrogen fuel cell electric trucks and the decarbonization of transportation.
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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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