nikola latest news

[laughs] And GM doesn't care a whole lot about that stuff right now anyway; I don't think Mary Barra is losing sleep over Nikola.

And that money has been raised and needs to be deployed in some capacity, I think that's part of what explains why GM is sticking by this deal, because this is still capital that can go into buying products from GM.

Steve Apple. And, oh! It has really been quite something. And whether this works or not remains to be seen.

how you are predicting its coming.. not hearing anything new coming. “It’s a bit confusing trying to follow Trevor on his various social media outlets about the timing and cadence of communication of the different variables that you’re talking about,” Jeff Osborne, a Cowen & Co. analyst, told executives on an Aug. 4 conference call. lol ok... make sure u keep the order in place! So, right before that short-seller report, so on September 8th, we probably got this first indication that maybe Nikola's technology wasn't as robust as they let on when they announced a deal with GM, where GM would receive a stake in Nikola, around 11%, a $2 billion nominal value, in exchange for providing services to Nikola. I don't know that Nikola has the best path, but again, I do know that they have, what looks on paper to be a viable plan to produce a product for which there is and will be demand, it all comes down to how well they can price it and how well -- as we've been saying about Nikola since March -- how well they can execute.

And they're going to install these electric drivetrains, and first was going to come a battery-electric truck with a range of something, like, 300- or 400 miles. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. And besides, short-sellers are awful people. short-seller Andrew Left's $40 price target for the stock, Jefferies created a 6-step process for finding companies that will keep paying strong dividends - and landed on these 20 global stocks as 'rock-solid' picks, sent the stock surging more than 100% in a single day earlier this month, Markets are pricing in a Biden victory and a Democratic Senate to fuel massive stimulus in 2021, JPMorgan says », The Trump administration let aviation companies lay off more than 16,500 workers while taking coronavirus relief funds — some used the money to pay executives — according to a congressional report », Nikola Deadline Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $500,000 In Nikola Corporation To Contact The Firm, NKLA Stock: Berger Montague Expands Investigation into Alleged Securities Fraud Claims Against Nikola Corporation (NKLA); Lead Plaintiff Deadline is November 16, 2020, 5 SPAC Stocks That Announced New Mergers This Week, Why Nikola Stock Is Charging Higher Today, INVESTOR ACTION ALERT: The Schall Law Firm Files Class Action Suit Against Nikola Corporation, Nikola stock extends selloff, but J.P. Morgan said GM partnership still likely, Nikola shares fall 16% as investors worry about GM deal. Read more: MORGAN STANLEY: The best-performing stocks for the end of recessions are loaded for surprising gains in the second half of the year. And I think there's a lot of pressure; you mentioned Stephen Girsky is taking over as Chairman, he is now in the leadership role here to right the ship and to prove there's something there behind the company. We are all good to go.”. GM did not invest a dime in Nikola; they did not put up any cash for this deal.

why are you buying at $5? John Rosevear is the senior auto specialist for I mean, they have the partnerships to build the truck. And then, on Monday, September 21st, Trevor Milton resigned. I mean, that was kind of the report and that's about [laughs] what I said on Twitter, actually; if people follow me on Twitter, I used a different word than "awful people," but that's about what it was. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. But it raised a few questions. It was down last I looked today, so. Nikola has a stated ambition of manufacturing hydrogen-powered fuel cell semi trucks by 2023. “The permit was just issued by the city. Factory construction can now go forward.

It is hard to believe that you still have a job at JP Morgan. In this episode of Industry Focus: Energy, Nick Sciple is joined by Motley Fool senior auto analyst John Rosevear to break down what's been going on with Nikola (NASDAQ:NKLA). Shares of Nikola traded down as much as … “Bosch is an investor, board member and supplier to Nikola. And the thought has been not so much that these would be mass produced for cars, but that they would have niche markets. I mean, they were obviously hashing this out all weekend. Nikola Corp Blogs, Comments and Archive News on yes you can buy at 5$ only in your dreams. On July 8, Nikola tweeted a reply to a question on a previous post about the Nikola Tre’s battery packs, stating that there are 9 battery packs -- amounting to 720 kWh -- for one truck. What does the future hold? The electric carmaker's shares sank as much as 16% after its CEO raised doubts about a proposed General Motors partnership. For John Rosevear, I'm Nick Sciple, thanks for listening and Fool on! Stock quotes by And if nothing else, a year or two ahead of anybody who might start up right now. Nick Sciple: Welcome to Industry Focus. Nikola Lock-Up Expiration Could Be A Ticking Timebomb, Investor Ubben warns more stocks vulnerable to social, environmental selling, Nikola stock price target cut to $26 from $29 at Deutsche Bank, Stock lenders wince as hedge funds lose their shorts, Direxion Daily Junior Gold Miners Bull 2X Shares, To use this feature, make sure you are signed-in to your account, Make sure you are signed-in with the same user profile. The management team has been quietly talking to institutional investors saying, we're going to go on with the plan, we've got cash in the bank, we've got these partnerships, everything is ready to go. Hey, we'll get more scale on this program, we have a customer, etc., etc.

And the industry knows that it can't run diesel forever and they're anxious to move to the next thing, so that they can remain viable businesses that continue to make good profits moving goods. Milton bristled at a claim by a Twitter user that Nikola was jilting Bosch in favor of GM. For GM, it's a pure opportunity, pretty much. Shares of electric-truck start-up Nikola (NASDAQ:NKLA) were down sharply on Monday, following the overnight departure of founder Trevor Milton amid … However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

On Friday, Chief Financial Officer Kim Brady said that Nikola will provide only 15% of the parts in battery electric semi trucks due to be built in Ulm, Germany, while partner Iveco provides the rest. The bank expects Nikola will need to raise an additional $3 billion in debt or equity to fund its business until it turns cash-flow positive. And then a hydrogen fuel cell truck a year or two later with a range of more, like, 700 miles. It was the planning and zoning commission that approved a “major site plan.” The approval will allow Nikola and its architects and engineers to apply for the next batch of permits. i'll buy when nkka were trading in pink sheet. What are you talking about? The response -- my two cents take on the response when they dropped it was, OK, first of all, lawyers wrote this, as you said. Rosevear: First of all, I have to say this really clearly, because it continues to be misunderstood. Nikola Corp Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Here's how to ready your portfolio in advance. The current agreement terms are as we set forth in our earnings call.”. Get today's Nikola stock news.

Sciple: Yeah.

The timeline was repeated by Milton the following day in a tweet. Mark Russell, Nikola's current CEO, said in a statement that the company's business plan and priorities remain unchanged following Milton's departure. A few of the critical partnerships they need, do they have all the pieces, no, I don't think so. Its slump over the last three sessions was 36%. But if you're doing this all by paying partners, your own margin isn't going to be all that much at the end of the day, if you have to deliver to a price. It's been kind of a crazy story here with Nikola Motor. There’s still no date for it to happen and the delay is reportedly due to COVID-19 restrictions. All Rights Reserved. Is Mainstream Fuel-Cell Tech Vaporware? See you at the top! Sciple: Yeah. In a presentation to investors in April, Nikola described the agreement with Bosch as a “co-development” and strategic supply chain partnership and said the company would jointly own any intellectual property developed with Bosch. And also, the recharging is fast because you're filling a tank of hydrogen, it's not like, you know, even fast charging. Stock Advisor launched in February of 2002. And, John, we'll be excited to have you on again in the future to break it all down.

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