Welcome to our dedicated page for Nikola news (Ticker: NKLA), a resource for investors and traders seeking the latest updates and insights on Nikola stock.
Nikola Corporation (NKLA) drives innovation in zero-emission transportation through its battery-electric and hydrogen fuel cell Class 8 trucks. This news hub provides investors and industry professionals with timely updates on corporate developments, technological breakthroughs, and infrastructure expansion.
Access official press releases alongside curated analysis covering product launches, strategic partnerships, and regulatory milestones. Our centralized repository eliminates information fragmentation, offering structured updates on NKLA's HYLA hydrogen network progress, manufacturing advancements, and sustainability initiatives.
Key focus areas include energy infrastructure developments, fleet deployment updates, and technological validation milestones. Bookmark this page for efficient tracking of Nikola's journey in transforming commercial transportation while maintaining compliance with evolving emissions standards.
Nikola Corporation (NKLA) announced the launch of the European Nikola Tre battery-electric vehicle (BEV) and the unveiling of the Nikola Tre fuel cell electric vehicle (FCEV) beta version at IAA Transportation 2022 in Hanover, Germany. The Nikola Tre BEV features a range of up to 530 km while the FCEV, expected to launch in 2023 in North America and 2024 in Europe, aims for long-haul zero-emission transport with a range of 800 km. Orders for the Nikola Tre BEV are now open, showcasing advanced features and low total cost of ownership.
Romeo Power (RMO) reminds stockholders to tender shares for the exchange offer by Nikola (NKLA) by midnight, Eastern Time, September 26, 2022. The exchange agreement offers 0.1186 shares of Nikola for each Romeo share, valuing Romeo at $144 million with a 34% premium based on July 29, 2022 share prices. Romeo’s Board unanimously recommends tendering shares, arguing the merger is in the best interest of stockholders, aiding their participation in Nikola's growth. Completion of the Offer requires a majority of outstanding shares to be tendered.
Nikola Corporation (Nasdaq: NKLA) announced the unveiling of the European Nikola Tre fuel-cell electric vehicle (FCEV) beta version on September 19 at the IAA Transportation in Hanover, Germany. This event will feature a keynote address by President Michael Lohscheller on September 20, focusing on the importance of zero-emission vehicles in Europe. The Nikola Tre FCEV, boasting a range of up to 500 miles, is expected to enter production in North America by late 2023, with European production starting in early 2024.
Nikola Corporation (Nasdaq: NKLA) has launched an exchange offer to acquire all outstanding shares of Romeo Power, Inc. (NYSE: RMO), announced on August 30, 2022. Under the terms, Romeo stockholders will receive 0.1186 of a Nikola share for each share of Romeo, equating to a 34% premium over Romeo's closing price on July 29, 2022. The offer will expire on September 26, 2022, unless extended. The merger aims to enhance Nikola's zero-emission vehicle capabilities through Romeo's battery technology, with completion anticipated in Q4 2022, subject to regulatory approval and shareholder acceptance.
Nikola Corporation (Nasdaq: NKLA) has announced significant leadership changes, appointing Pablo Koziner as President, Commercial, and Carey Mendes as President, Energy, effective immediately. Koziner will oversee sales and business development, leveraging his previous experience in expanding hydrogen infrastructure. Mendes, with over 20 years in the renewables sector, will manage the energy division. These changes aim to enhance Nikola's focus on delivering zero-emissions solutions in the transportation sector, as noted by Michael Lohscheller, the incoming CEO starting January 1, 2023.
Nikola Corporation (Nasdaq: NKLA) has announced CEO Mark Russell's retirement effective January 1, 2023, with Michael Lohscheller, current President of Nikola Motor, appointed as his successor. Lohscheller, who joined in February 2022, has made significant strides in advancing the Tre battery-electric vehicle into production. Under Russell's leadership, Nikola has initiated series production of battery-electric vehicles and expanded its hydrogen infrastructure. Lohscheller aims to build on this momentum as Nikola pursues growth in zero-emission transportation.
Nikola Corporation (NKLA) reported its Q2 2022 results, achieving revenues of $18.1 million from the delivery of 48 Tre BEVs and four Mobile Charging Trailers. The company produced 50 Tre BEVs and increased its total liquidity to $841.8 million. Despite progress, it posted an adjusted net loss per share of $0.25 and a gross loss of $29.3 million. Plans include the ramp-up of production in Arizona and expanding hydrogen dispensing stations in California.
Nikola Corporation (Nasdaq: NKLA) has announced the establishment of three hydrogen refueling stations in California, located in Colton, Ontario, and near the Port of Long Beach. This initiative aims to enhance hydrogen distribution and support the company's zero-emissions transportation solutions. The stations will facilitate the decarbonization of the heavy-duty transport sector and cater to customer demand. This infrastructure development is part of Nikola's strategy to provide comprehensive energy solutions for the logistics industry, aligning with California's environmental goals.
Nikola Corporation (Nasdaq: NKLA) announced that stockholders approved an increase in authorized shares from 600 million to 800 million during the 2022 Annual Meeting held on August 2. This decision aims to provide Nikola with more flexibility for growth as it advances production and delivery of battery-electric and hydrogen fuel cell trucks. Over 66% of shares voted, equating to 211 million shares, were in favor of the proposal. The results will be officially reported in a Form 8-K with the SEC.