Nikola Corporation (NKLA) Quote

https://www.google.com/search?q=FISKER&rlz=1C1UEAD_enUS1041US1041&sourceid=chrome&ie=UTF-8

https://www.fiskerinc.com/

Danish EV maker, hitting a bump.

FISKER IN 11

Was that expected

(not us ---- not H - but a tech car start up)

thank you but half the nation wants to drill baby drill and now worry about climate heating up (and storms and floods)

Biden Links Green Power to Good Pay With Clean Energy Wage Rules
Published Jun 18, 2024
https://www.newsweek.com/biden-links-green-power-good-pay-clean-energy-wage-rules-1913962

Treasury finalizes wage, apprenticeship rules for clean energy jobs
By Michael Cohn
June 18, 2024
https://www.accountingtoday.com/news/treasury-irs-finalize-prevailing-wage-registered-apprenticeship-rules-for-clean-energy-jobs

The Treasury Department and the Internal Revenue Service released prevailing wage and registered apprenticeship requirements for clean energy projects and jobs to qualify for tax credits under the Inflation Reduction Act.

shift ? to H from Electric Battery

no way

now would TESLA dip its toes in H --- why not

so the event and activity may be correct - but not saying he will shift

Is this true or fake news?

Tesla Unveils Plan For First Hydrogen-Powered Vehicle, Model H By 2026
By Vedant Jouhari, Published: Monday, June 17, 2024
https://www.drivespark.com/four-wheelers/2024/tesla-to-introduce-hydrogen-fuel-cells-by-2026-011-050291.html

Hopefully rules for hydrogen next, soon and improved over preliminary ones.

Treasury Department Defines Rules for the Clean Electricity Production and Investment Tax Credits
BY IER
JUNE 5, 2024
https://www.instituteforenergyresearch.org/regulation/treasury-department-defines-rules-for-the-clean-electricity-production-and-investment-tax-credits/

guess we arent going to know the May production numbers. They seemed too focussed on the annual meeting.

Nikola Stats Show H2-Powered Trucking Is For Real.

Visceral Ace
9.37K subscribers
Posted Jun 15, 2024

Far away - but interesting

VOLVO - TRUCK with H combustion engine - 2030 = maybe if it works

https://www.msn.com/en-us/autos/news/the-future-of-heavy-transport-volvo-s-hydrogen-trucks-aim-for-net-zero-co2/ar-BB1o6Y1D?ocid=msedgntp&pc=LCTS&cvid=8ab22fde0a3e46609865fd4b64b6d28b&ei=37

What about hydrogen?

More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say
PUBLISHED WED, JUN 12 2024
https://www.cnbc.com/2024/06/12/1-billion-in-ev-tax-credits-issued-upfront-to-buyers-say-treasury-irs.html

Perfect question

My Assumption - with no link - was that Volvo is in no position to support the needed volume for Proterra to be break even. Now Volvo does not have to go for break even. But seems to me - for now ? - it would make sense for VOLVO to have Proterra making batteries for NKLA ----(if nothing else then testing them with a notable volume)

But I have not read anything specific and agree it would be good to know

Proterra used to make the batteries used by Nikola in their hydrogen FCEV truck, now also used in the BEV trucks. Per the following article Proterra was acquired by Volvo earlier this year. Does anyone have any additional information on this topic? Are they the sole suppliers of batteries to Nikola?. https://www.volvogroup.com/en/news-and-media/news/2024/feb/volvo-completes-acquisition-of-battery-business-from-proterra-inc--and-proterra-operating-company.html

thanks

Seems seriously competitive - maybe not superior

I do wonder when - in a calendar time - NKLA will have upgraded its "inventory" and start selling for some serious cash inflows -- as that inventory is "paid for"

I hadn't seen it here yet, so sorry if this has already been posted.

11 jun 2024 - At ACT Expo 2024, Nikola Motor Company showcased their BEV 2.0. This is an improved version of their original BEV. In this video, we speak with Steve Girsky, Nikola's new CEO, about the improvements made to this truck and what future Nikola trucks could look like. We also talk with Ryan May, Head of Software & Controls, about the software in the BEV 2.0.

DNU, initially the hydrogen hubs on the Western part of the US are more beneficial as that's where Nikola is concentrating initial sale efforts, but for the long term, all 7 hydrogen hubs are beneficial to Nikola.

Which if any are most supportive of NKLA ?

Reposting from PLUG board, courtesy of B_B!

UD DOE close to finalising cooperative agreements with seven hydrogen hubs
By Charlie Currie on Jun 11, 2024

The US Department of Energy (DOE) is close to signing cooperative agreements with the seven regional clean hydrogen hubs previously selected for a combined $7bn of funding.

Speaking at the Hydrogen Americas Summit in Washington, DC, Kelly Cummins, Acting Director, Office of Clean Energy Demonstrations at the US DOE, told the event that the hubs would not only link hydrogen producers and end-users, but also finance, workforce and supply chains.
.....
https://www.h2-view.com/story/ud-doe-close-to-finalising-cooperative-agreements-with-seven-hydrogen-hubs/2111057.article/

WTM, thank you!

not make sense?

the data (which I do not think I can move from your picture) as you reported just now

a reduction in BEV but no redemptions - makes sense as buyers of NKLA trucks moving from BEV to FCEV - or bluntly staying Battery but going elsewhere

before the RS - as high as possible ?

not sure ----- indeed not sure it super matters - be it 40 50 or 60 cents

I do know - right or wrong - that I prefer management do the deed fast - and then that day or each day for a week after - release good news

the damage from a R/S is a reduction in PPS of the NEW higher price. It will happen just like gravity. But it can be mitigated by good news at THAT time

Good news now changes the pre RS price - say 65 cents but then is not there ready to support to the new PPS (I think the math is math and no PPS now matters other than in count of new shares we own but not the % we own??????)

I think I posted something close to this before

If the goal is >300 - we should be shipping a MIN of 25 a month and soon 35 a month when supply constraints lift off

And indeed - while we MUST build to order (can not afford to spend without payment very soon) with a focus on LARGER sales - NKLA needs to be "up to speed" (maybe with parts but not the labor cost - for the next 25?)

??

did we drop without sales?

CM, the new data shows a continuation of recent trend, an increase in Unredeemed vouchers for the hydrogen FCEV truck (16 added in May), and a reduction in vouchers for the BEV truck. What puzzles me is that when I filter for Redeemed vouchers for 2024, it shows no Redeemed vouchers through the end of May 2024, which doesn't make sense. The constant increase in Unredeemed vouchers for the hydrogen FCEV truck is actually good news, although, I'd like to see more significant increases.

It's almost like the officers of the company don't want to announce anything to try and move the price up, yet they they have the ok for the RS,.... One would think they would want the price as high as possible BEFORE doing the actual RS!

I am puzzled why we haven't seen monthly production figures like other manufacturers provide. We did get numbers for April so was expecting to continue monthly for the future. IMHO you cant claim to be in production if you don't provide those numbers. Should be doing 20-25 FCEV a month by now and of course shipping the upgraded BEV 2.0 from the recalled stock.

WTM, I'm not sure if I'm reading this correctly. If I am reading it correctly I don't think it's good new, correct?

Latest California HVIP Unredeemed vouchers as of end of May 2024 (top), end of April 2024 (Bottom)..
https://californiahvip.org/impact/#deployed-vehicle-mapping-tool



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https://finance.yahoo.com/news/nikola-stats-show-h2-powered-150000691.html

Freght truck or freight wave -- has a solid uplifting article on NKLA

Repost from PLUG board.

Link to Plug Power 2024 Annual Shareholder Meeting Presentation on June 05, 2024 10:00 AM ET. https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/5964b8a4-1176-40c6-888e-4e9f917e11e3.pdf

My bet -- but I bet my bet is a good one

This lawsuit has mostly lies - not enough to win - and some truth here and there

BUT

For better or worse - my bet is that after fighting for a while - say 6 months --- over night one night a deal will be reached and we will read about it say early 2025.

NKLA and Trevor agree to a settlement - This lawsuit is dropped with a promise to never file for a penny again IN RETURN NKLA agrees to not pursue the 150MM Trevor owes them (which IMO was not going to see the light of day for years if ever)
That is what the suit smells like to me

Eagerly awaiting the end of May update to the California HVIP voucher data. Link https://californiahvip.org/impact/#deployed-vehicle-mapping-tool

WTM, that is exactly what I'm referring too.

CM, I'm guessing you are referring to this. I have no idea, but my first gut reaction is to be skeptical.

Any merit to Trevor M's lawsuit?

I'm not sure what it really means, but the stock closed above Tuesday's close and is trending up in AH.

Nikola Motors #follownone NKLA will Dominate the World Market

Jose's E. Bike Emporium
Posted Jun 4, 2024

Jeff Bezos Emphasizes The Core Of Investment Wisdom: 'The Stock Is Not The Company, And The Company Is Not The Stock' — Insights From The Amazon Founder On Navigating Market Perceptions
Jeannine Mancini
Tue, Nov 21, 2023
https://finance.yahoo.com/news/jeff-bezos-emphasizes-core-investment-164945423.html

In a 2018 episode of “The David Rubenstein Show: Peer-to-Peer Conversations,” Amazon.com Inc. Founder Jeff Bezos shared insights about the company’s journey and its relationship with stock prices. The interview delved into Amazon’s expansion beyond books, exploring its venture into music, videos, electronics, toys and a wide array of products.

Bezos shared an anecdote about the company’s early days, explaining how he solicited customer feedback to guide Amazon’s diversification. He described sending emails to 1,000 random customers asking what else they wanted Amazon to sell. He received an assortment of responses, including a memorable request for windshield wiper blades, showcasing the potential for Amazon to expand its product offerings significantly.

Addressing the stock’s performance, Bezos recalled a significant fluctuation: Amazon’s stock reached around $113 during the internet bubble then dropped to $6 in less than a year. Despite this, he noted that internal business metrics, such as customer numbers and profit per unit, were consistently improving.

Bezos emphasized the distinction between a company and its stock. stating, “The stock is not the company, and the company is not the stock.” While Amazon’s stock price fell, the company’s internal metrics indicated robust growth and progress. He pointed out that during the financial bust following the internet bubble, Amazon had the necessary capital and did not require additional funding. This financial stability allowed the company to continue its growth trajectory despite the turbulent stock market.

Understanding that a company’s stock price doesn’t always accurately reflect its actual performance is essential. For investors, especially those interested in investing in startups, this means that the real value lies in the company’s fundamentals — its business model, growth potential, leadership and market position. Picking good companies to invest in should be based on these tangible aspects rather than short-term stock performance.

Bezos also addressed criticisms about Amazon’s profitability, explaining that detractors accused Amazon of “selling dollar bills for 90 cents,” but he clarified that Amazon always had positive gross margins. It was a fixed-cost business, and he could see from internal metrics that once a certain volume was achieved, the company would cover its fixed costs and become profitable.

Throughout the conversation, Bezos highlighted the importance of focusing on the company’s core metrics and growth strategies, rather than being overly concerned with stock price fluctuations. This approach, he suggested, was key to navigating the challenges of the dot-com era and contributed to Amazon’s enduring success.

They have a challenge to juggle getting FCEVs to customers for “trials” so they can order large quantities and waiting for the improved supply chain volumes and costs to be in place. As they were talking of taking a hit on the early trial units I hope they make as many as supply will provide. In 18 months it should all be forgotten.

as for the BEVs they were upgrading the recalled units first to the 2.0 spec with new battery packs. That should be done this quarter and then they can upgrade the unsold inventory and move that. I believe most are now spoken for especially if you look at the California vouchers.

Fortunately, no signs of dilution, no signs of a reverse split, and no signs of the company following usual courses of action are in sight.

Post #9331
11/2/23
David West

The near-future risk for this stock is dilution, which will be caused by selling more of the stock that was authorized at the Qtr 2 Earnings Call. If the dilution causes the PPS to fall below $1 for an extended period, the risk of delisting from Nasdaq will follow. To keep the PPS above $1, the usual pattern is a reverse split.

Post #9332
11/2/23
WeTheMarket

DW, you are assuming too much in my opinion.

Also per the following link "If a company closes below a $1/share bid price for 30 consecutive days, the Nasdaq sends the company a written notice. The notice states that the company is no longer in compliance with its continued listing requirements and has 180 days to regain compliance. Otherwise, the company will face delisting."

Source https://thebowserreport.com/blog/the-nasdaqs-minimum-bid-price-requirement/

Not mentioned above, is that after 180 days, the company can ask for another 180 days extension, that is usually granted. So, practically, the company have over a year before worrying about being delisted if the share price falls below $1 and does not recover above it.

https://eletric-vehicles.com/nikola/nikola-shareholders-approve-reverse-stock-split-and-all-other-proposals/

I think ? the desired annual run rate on FCEV production and sales is ?? 300-400

So we likely want 20 in these still earlier supply expensive or constrained months ?

AND --- at what point in the calendar year does NKLA start selling BEV that is has on lot --- (not yet bought) --- I think 100 or so?

good question

maybe - ? - I can hope - there is some good news management has timed for the RS day?

that looked like an official announcement to me - company X account is official channel.

sold some today and will buy back if and when R/S announced - even though they may not be selling stock.

Hope to see new monthly numbers for May lets beat 20 FCEVs

Waiting for the company come out with their official announcement.

http://stocktwits.com/RonJohn1337/message/575468195

Most people are expecting the stock to drop after the RS, so why is the stock up 5% before the announcement?

It looks like we will have $15.00 stock after the RS.

Does anyone know how they will RS options?