NIKOLA CORPORATION


Associated tags: Nikola, Corporation, Transport, Commerce, Nikola Corporation, Safety, Security (finance)

Locations: CHINA, PENNSYLVANIA, CHICAGO, NY, PARIS, LONDON, PA, ONTARIO, POLAND, TEL AVIV, CA, BENSALEM, LEVI, BRAZIL, KOREA, INDIA, COMPTON, NO, NEVADA, SOUTHAM, IDAHO, UTAH, CALIFORNIA, ARIZONA, UNITED STATES, NORTH AMERICA, ROBIN HOOD, RUSSELL, SHINDLER, ALBERTA, CANADA

NIKOLA EXPANDS HYDROGEN NETWORK WITH INAUGURATION OF SECOND HYLA REFUELING STATION IN SOUTHERN CALIFORNIA

Retrieved on: 
Wednesday, May 8, 2024

PHOENIX, May 8, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, proudly announces the opening of its latest HYLA high-pressure modular refueling station and facility in Southern Calif.

Key Points: 
  • "We are thrilled to inaugurate our second HYLA hydrogen refueling station in Southern California, marking a significant stride toward sustainable transportation," said President of Energy Ole Hoefelmann.
  • Through the alignment with notable industry partners, Nikola is actively securing its hydrogen supply chain and expanding its HYLA refueling infrastructure to support increased demand.
  • The HYLA refueling network plans to offer a diverse portfolio of refueling solutions to Nikola's hydrogen fuel cell electric vehicles and other Class 8 customers, including modular and permanent HYLA stations, "behind-the-fence," and partnerships with public truck stops.
  • Notably, this expansion includes a recent 10-year agreement with FirstElement Fuel for a hydrogen refueling station in Oakland, Calif.

Nikola Corporation Reports First Quarter 2024 Results

Retrieved on: 
Tuesday, May 7, 2024

During the quarter, we opened:

Key Points: 
  • During the quarter, we opened:
    HYLA's first hydrogen refueling station in Alberta, Canada to support fleets along the busy Edmonton to Calgary freight corridor
    PHOENIX, May 7, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today reported financial results and business updates for the quarter ended March 31, 2024.
  • And please keep that in mind – we are in the execution phase, not the planning or concepting phase," said Steve Girsky, President and CEO of Nikola.
  • "Last quarter, I talked about getting on the field with the first deliveries of our hydrogen fuel cell electric trucks.
  • Now we are expecting to provide nine hydrogen fueling solutions by mid-year 2024 and 14 by year-end 2024.

NIKOLA CHAIRMAN ADDRESSES STOCKHOLDER QUESTIONS ON REVERSE SPLIT PROPOSAL IN DEFINITIVE PROXY STATEMENT

Retrieved on: 
Tuesday, April 30, 2024

PHOENIX, April 30, 2024 /PRNewswire/ -- In a recent social media post, Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, invited NKLA stockholders to submit questions related to the Proxy Statement filed earlier in the month. Steven Shindler, Chairman of the Board at Nikola, recorded a video addressing key questions about Proposal 2, which includes a reverse stock split.

Key Points: 
  • Steven Shindler, Chairman of the Board at Nikola, recorded a video addressing key questions about Proposal 2, which includes a reverse stock split.
  • The video addresses one of the five proposals to be voted on at the June 5, 2024, Annual Stockholder Meeting.
  • Among the questions addressed by Shindler were:
    What is a reverse split and how does it impact NKLA stockholders and the company?
  • Nikola invites NKLA stockholders to continue submitting questions , as ongoing communications are planned to provide answers to those most frequently asked.

M&M Residual and Trevor R. Milton Announce Concerns Related to Potential Fraud and Misconduct at Nikola Overseen by Steve Girsky, Britton Worthen and the Board of Directors

Retrieved on: 
Thursday, April 11, 2024

M&M Residual delivered the Nomination because it believed it was critical to bring much-needed change to the Company through a reconstitution of the Board.

Key Points: 
  • M&M Residual delivered the Nomination because it believed it was critical to bring much-needed change to the Company through a reconstitution of the Board.
  • We felt that the Nomination was the best chance to give the Company the ability to thrive and prosper.
  • We have ultimately concluded that it has become too risky to step in and expose our remaining nominees to the Company.
  • We reserve all rights concerning recently uncovered information and intend to hold the Company’s Board, officers, and directors accountable.

NIKOLA CORPORATION ANNOUNCES DATE FOR FIRST QUARTER 2024 RESULTS AND WEBCAST AND Q&A PLATFORM FOR SHAREHOLDERS

Retrieved on: 
Thursday, April 4, 2024

PHOENIX, April 4, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand , today announced it will report its first quarter ended March 31, 2024 financial results and business updates on Tuesday, May 7, 2024.

Key Points: 
  • PHOENIX, April 4, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand , today announced it will report its first quarter ended March 31, 2024 financial results and business updates on Tuesday, May 7, 2024.
  • On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m.
  • To augment Nikola's engagement with its shareholders and strengthen communication with investors, Nikola will utilize a Q&A platform developed by Say Technologies to allow verified retail and institutional investors to submit and upvote questions.
  • Management will address a selection of the questions relating to Nikola's business and financial results on the earnings call.

NIKOLA PRODUCES 43, WHOLESALES 40 HYDROGEN FUEL CELL ELECTRIC TRUCKS FOR U.S. CUSTOMERS IN Q1 2024

Retrieved on: 
Thursday, April 4, 2024

In addition, the Nikola team has commenced the return process for the BEV "2.0" trucks to customers.

Key Points: 
  • In addition, the Nikola team has commenced the return process for the BEV "2.0" trucks to customers.
  • "We are on track for a successful 2024 by continuing the momentum set in 2023," said Nikola CEO Steve Girsky.
  • This includes not only the production and sale of our hydrogen fuel cell electric trucks but also the start of returns for our battery-electric trucks to customers."
  • The three remaining hydrogen fuel cell electric trucks in finished goods inventory at the end of the quarter have already been allocated and will be delivered in early April.

NIKOLA CELEBRATES GRAND OPENING OF FIRST HYLA REFUELING STATION IN SOUTHERN CALIFORNIA

Retrieved on: 
Thursday, March 21, 2024

PHOENIX, March 21, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, celebrated the grand opening of its inaugural HYLA high-pressure modular refueling station and facility in Southern Calif. The celebration welcomed fleet customers, dealers from Nikola's sales and service network, government officials, industry press and members of the Nikola leadership and engineering teams, each playing an integral role in the realization of this achievement.

Key Points: 
  • PHOENIX, March 21, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand , celebrated the grand opening of its inaugural HYLA high-pressure modular refueling station and facility in Southern Calif.
  • "We are proud to commemorate this historic day as we celebrate the inauguration of the first HYLA hydrogen refueling station in Southern California.
  • Working alongside industry leaders, Nikola is securing a robust hydrogen supply chain and expanding its HYLA refueling infrastructure to support growing demand.
  • This network includes the recent 10-year agreement with FirstElement Fuel for a hydrogen refueling station in Oakland, Calif.

Concerned Stockholders of Nikola Corp. Introduce Slate of Independent Director Candidates for Election to the Company’s Board at the 2024 Annual Meeting

Retrieved on: 
Tuesday, February 20, 2024

Today, the Concerned Stockholder Group issued the below statement regarding its nomination of five highly qualified and independent director candidates for election to the Company’s nine-member Board of Directors (the “Board”) at the 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).

Key Points: 
  • Today, the Concerned Stockholder Group issued the below statement regarding its nomination of five highly qualified and independent director candidates for election to the Company’s nine-member Board of Directors (the “Board”) at the 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).
  • Our slate of director candidates is highly qualified, wholly independent and focused on one goal: implementing a lasting turnaround that unlocks the significant potential of Nikola.
  • In fact, our Group has been approached by numerous stockholders who want to see CEO Steve Girsky and his Board replaced with high-integrity individuals.
  • TSR includes dividends reinvested using a closing price of February 8, 2024, the day before Nikola made the Group’s nomination public.

IMC UNVEILS DESIGN OF ITS 50 NIKOLA HYDROGEN FUEL CELL ELECTRIC TRUCKS AT GRAND OPENING OF SUSTAINABLE FACILITY

Retrieved on: 
Thursday, March 7, 2024

PHOENIX, March 7, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, proudly marked a significant milestone as IMC, the largest marine drayage company in the U.S., unveiled the inaugural livery that will adorn its fleet of 50 Nikola hydrogen fuel cell electric trucks. This milestone follows a strategic deal that has been in progress since early 2023 and was formally commemorated during the grand opening of IMC's state-of-the-art sustainable Compton facility.

Key Points: 
  • This milestone follows a strategic deal that has been in progress since early 2023 and was formally commemorated during the grand opening of IMC's state-of-the-art sustainable Compton facility.
  • "Nikola is proud to be at the forefront of sustainable transportation alongside IMC," said Nikola President and CEO Steve Girsky.
  • In a forward-thinking move, IMC initiated the purchase of 50 Nikola hydrogen fuel cell electric trucks through Tom's Truck Centers, a valued member of the Nikola sales and service dealer network .
  • "Our order for 50 Nikola hydrogen fuel cell electric trucks signifies our commitment to innovation and sustainability in drayage operations," said IMC CEO Joel Henry.

THOMAS B. OKRAY NAMED CHIEF FINANCIAL OFFICER OF NIKOLA CORPORATION

Retrieved on: 
Monday, March 4, 2024

PHOENIX, March 4, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of an accomplished and highly regarded financial executive, Thomas "Tom" B. Okray, who has joined the company's executive team as Chief Financial Officer (CFO).

Key Points: 
  • PHOENIX, March 4, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand , today announced the appointment of an accomplished and highly regarded financial executive, Thomas "Tom" B. Okray, who has joined the company's executive team as Chief Financial Officer (CFO).
  • Attracting someone of his caliber is a testament to the exciting journey Nikola is on," said President and CEO, Stephen Girsky.
  • "Tom's depth of financial expertise, cultivated over four decades, will play a crucial role as we expand our supply base and profitably scale our business.
  • Scaling the zero-emissions technology at Nikola is something I want to be a part of," said Okray.