Shares sink in early trading as Nikola (NKLA) reports 2Q results and leadership changes

DA Davidson cuts estimates on Nikola (NKLA) as company tackles cash burn

DA Davidson reiterated a Neutral rating on EV maker, Nikola Corp. (NASDAQ: NKLA) and cut their 12-month price target on the stock to $2.50 (From $3.00) following the automakers 2Q earnings release and conference calls with management.

Analyst Michael Shlisky believes that the company is on track to decrease its cash burn to $400 million per year by the year's end. The provided guidance on implied exit run rates offers some insight into the cost... More

Nikola (NKLA) passes vote to increase shares with help from new law

Electric truck maker Nikola Corp (NASDAQ: NKLA) revealed Thursday evening that has received sufficient backing for a proposal to raise the allowable number of shares it can issue, paving the way for acquiring much-needed capital.

Nikola faced multiple attempts before successfully passing the proposal, with the most recent attempt taking place last month.... More

Nikola (NKLA) names Girsky new CEO as Lohscheller steps down

Shares of Nikola Corp. (NASDAQ: NKLA) were down as much as 11% in pre-market trading Friday morning after the American heavy-duty electric truck company revealed that CEO Michael Lohscheller will be stepping down from the position effectively immediately due to a family heath matter.

Lohscheller will be replaced by Chairman Steve Girsky who has more than 30 years of experience working with corporate board executives,... More

Nikola (NKLA) Tops Q2 EPS by 2c

Nikola (NASDAQ: NKLA) reported Q2 EPS of ($0.20), $0.02 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $15.36 million versus the consensus estimate of $15 million.

For earnings history and earnings-related data on Nikola (NKLA) click here.

Nikola (NKLA) Appoints Stephen Girsky as New CEO

Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the... More

Nikola (NKLA) surpasses 200 orders for class 8 hydrogen trucks

Zero-emissions truck builder, Nikola Corporation (NASDAQ: NKLA), via its HYLA brand, announced Wednesday that the automaker and its dealer network have surpassed 200 sales orders for their Class 8 Nikola hydrogen fuel cell electric vehicles.

The 202 sales orders for the purpose-built heavy-duty trucks represent 18 end... More

Nikola (NKLA) Says Hydrogen Fuel Cell Electric Vehicle Demand Surpasses 200

Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, announced that Nikola and its dealer... More