3 Electric Vehicle (EV) Stocks That Could Make You a Millionaire
You probably won't be buying a vehicle made by Nikola, but there's little doubt the market has a growing need for them. While Rivian Automotive may be unprofitable right now, there's a light at the end of the tunnel.
Renewable Energy Stocks Plunge as Reality Bites the Industry
The failure of renewable energy companies like SunPower and Fisker has made investors question the viability of some of these companies. Falling stock prices make the financing problem worse, causing a downward spiral that's difficult to get out of.
Nikola stock: short interest, falling wedge, points to a short squeeze
Nikola (NKLA) stock price continued its sell-off even after the company published encouraging financial results and the Federal Reserve pointed to potential rate cuts in September. It has crashed by over 22% in the last 30 days, bringing the year-to-date losses to 71% and its market cap to $379 million.
Why Nikola Stock Crashed 10% This Morning
Nikola announced plans to sell at least $80 million in convertible debt this morning. Total sales of debt, convertible debt, and equity could reach $500 million.
Nikola's stock falls as EV maker looks to raise money via convertible-debt deal
Nikola Corp. plans to raise money through a convertible-debt offering as it looks to scale its electric-vehicle business.
Nikola Stock: Buy, Sell, or Hold?
Nikola's Q2 earnings exceeded analysts' expectations. Its fuel-cell powered truck deliveries are increasing as it works through its recall of battery electric vehicles.
Nikola's Hydrogen-Powered Semis Are Turning Its Fortunes Around
Nikola has had a rocky few years. It's worked to survive the reputational harm and share price crash that resulted from the lies of its founder (that earned him a four-year prison sentence).
Nikola Stock After Q2 Earnings: Finally Cheap Enough To Buy
Nikola stock has seen a sharp drop-off over the last 12 months due to persistent doubts about its long-term viability, but recent Q2 earnings show signs of a turnaround. The company's focus on hydrogen fuel-cell trucks in California presents a unique opportunity for growth in the zero-emissions trucking industry. Despite competition from Tesla and limited hydrogen infrastructure in the US, Nikola's strategic positioning in California and potential international expansion offer significant upside potential for investors.
Nikola: Improved Results, But Not Enough To Make It A Good Investment
Nikola Corporation reported record revenue for Q2, while beating guidance. That resulted in a slight positive move in the stock price to end last week. NKLA's economics are nowhere near viable at the moment. The higher production it achieves, the greater the net loss in a near-linear fashion. NKLA has two quarters of cash remaining. It will dilute more this year.
Nikola: Improved Results But Nowhere Near Viability - Sell
Nikola reported mixed Q2/2024 results, with higher sales more than offset by increased cash usage. As a result, unrestricted cash was down by more than 25% sequentially to $256.3 million. At the current rate of cash usage, the company will have to raise additional capital by Q4/2024 at the latest point.
NKLA Stock Earnings Recap: 3 Things for Nikola Investors to Know Now
Fuel-cell electric vehicle (FCEV) manufacturer Nikola (NASDAQ: NKLA ) saw its shares pop higher following better-than-expected results for its second-quarter earnings report. In addition, the company is progressing toward its goal of restoring its battery EV business following a recall last year.
Nikola Corporation (NKLA) Q2 2024 Earnings Call Transcript
Nikola Corporation (NASDAQ:NKLA ) Q2 2024 Earnings Conference Call August 9, 2024 10:30 AM ET Company Participants Soei Shin - Head of Investor Relations Steve Girsky - President and CEO Tom Okray - CFO Conference Call Participants Mike Shlisky - D. A. Davidson Greg Lewis - BTIG Jeff Kaufman - Vertical Research Partners Ben Kallo - Baird Operator Good morning and welcome to Nikola Corporation's Second Quarter 2024 Earnings and Business Update Call.
