Nikola Corporation (NKLA)

[WeTheMarket]

UK, I listened to the conference call, and I am sorry to say that overall, it was quite depressing, and thus the sharp drop in share price. I am hoping that it is just an attempt by management to be overly pessimistic and lower expectations, which they will likely and easily beat in the future. But only 14 BEVs delivered to customers so far is relatively low (out of 104 produced thus far, with 90 in dealer inventory).

The problem seems to be customers reluctant to invest in the required recharging infrastructure for BEVs, and/or the headwinds from macroeconomics factors (e.g., inflation and rising interest rates). I hope that with the IRA incentives becoming effective at the end of 2022, that things will gradually improve.