Nikola Remains Uninvestable Due To Commercialization Challenges [Seeking Alpha]
Nikola Corporation (NKLA)
Company Research
Source: Seeking Alpha
Play 10min Summary Nikola Corporation has shown some progress with record truck sales, but profitability remains a distant dream due to high production costs and cash burn. The company continues to face commercialization challenges, inefficient cost management, and a lack of necessary infrastructure for FCEVs, making it uninvestable. Despite the comparative advantages of FCEVs over BEVs, the expensive production and limited hydrogen refueling infrastructure hinder Nikola's potential success. Investors should avoid Nikola stock as the company struggles financially and operationally, with little hope of turning profitable in the foreseeable future. onurdongel Nikola Corporation ( NASDAQ: NKLA ) does not fail to keep investors interested despite having very little to show from a financial performance perspective. Just over a year ago, I thought Nikola would burn investors, and it has. The stock is down 90% since then. My bearish thesis for Nikola was centered on the comm
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NKLA
News
- Nikola Co. (NASDAQ: NKLA) had its price target lowered by analysts at DA Davidson from $12.00 to $4.00. They now have a "neutral" rating on the stock.MarketBeat
- Nikola Co. (NASDAQ: NKLA) was downgraded by analysts at Bryan, Garnier & Co from a "buy" rating to a "neutral" rating.MarketBeat
- Nikola Co. (NASDAQ: NKLA) had its price target lowered by analysts at TD Cowen from $10.00 to $4.00. They now have a "hold" rating on the stock.MarketBeat
- Nikola Co. (NASDAQ: NKLA) had its price target lowered by analysts at Robert W. Baird from $14.00 to $10.00. They now have an "outperform" rating on the stock.MarketBeat
- Nikola (NKLA) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
NKLA
Earnings
- 5/7/24 - Miss
NKLA
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form 424B3
- 11/14/24 - Form 424B3
- NKLA's page on the SEC website