Nikola Corporation (NKLA) Options

Yes, this company is a SCAM

"but a ton - and more companies are exploring H as a power source for Trucks and Cars and Forklifts and Factories"

trucks aint working...cars aint working...forklifts seem to be a thing...i should think factories could be a thing...in the future...but not at the moment...

"and you watch for AI DATA centers"

The Chinese AI app "DeepSeek" just blew all our AI stuff out of the water...they did theirs at a fraction of the cost and using only a fraction of the energy and utilized chips that were considered inferior to NVDA's...and its a better product...havent you noticed all the companys that are dropping in price as a result...so far, it looks like all the power that was thought to be needed to run AI will not be necessary...

"but NKLA does need to find 500M or so to carry it to cash neutral"

NKLA needs to put on a red dress and high heels and stand under a street light...it needs to sell itself before it becomes literally worthless...

solar power and hydrogen are two different things...

SPAM

yup
dimmer chances

but a ton - and more companies are exploring H as a power source for Trucks and Cars and Forklifts and Factories and you watch for AI DATA centers

but NKLA does need to find 500M or so to carry it to cash neutral and with DJT that is not coming from GOV but it was not coming from GOV under BIDEN either

H will prove itself or not ---- we will see --- and at that point it matters not political climate (see Solar Power grow and grow and grow - and watch that continue after Biden)

There are no trucks - all CGI/AI generated. 0 trucks on the road - ATH $90 to almost zero - thats your proof 

“Yet - people buy shares and the company makes trucks and talks to potential partners”

Yes, investors lose money everyday in Nkla…the company is still selling trucks at a huge loss…and talking costs nothing thank goodness or Nkla wouldn’t be able to afford it…

In a political climate where hydrogen was thought to be the next big thing and billions of Fed dollars were going to be thrown at it, and Nkla could not manage to make a go of it…

And now that the political climate is turning against hydrogen, seriously, what are nkla’s chances?….

without spitting on others

I agree that buying now does not make sense - and I think its 4-6 months that I have been saying that

Yet - people buy shares and the company makes trucks and talks to potential partners

I would like to stay an owner but

but at current valuation of my shares

I would be in favor of a white knight

yet prefer some sort of partnership - as rumored about Hyundai - that would give current equity say 10-49 percent ownership

is there a hat with a rabbit in it nearby

"and I would like to see Q4 sales numbers"

what for?...this company is toast...the pps was in the $30's when nkla said they wanted to r/s...it was in the $10 range when they actually did the r/s in late June....the pps now is 88 cents...

in 7 months, this company just rendered a 1-30 r/s useless...nkla cant make a profit selling the trucks they make because they lose $200k per truck...the sales numbers are meaningless...they will never sell enough trucks to make a profit...they have a shot if they ever get to the 2.0 trucks...but even then, its not much a shot...and who knows when they get there anyway...

anyone who had 100k shares before the first split, now has 3.3k shares....and if nkla does another 1-30 split, they will have 111 shares...

anyone that is still holding this stock is doing so because theres no real point in selling what they have...its peanuts now...may as well just hold and hope for the best...

i cant imagine why anyone would be interested in investing at this point....or really, any point...

saw HYLA weekly numbers - doing "Record" fills and volume every week but still no Q4 delivery report which I expect was well within expectations.

Company seems to be in some sort of management spiral.

Hopefully they sell to private equity who can inject necessary cash to get FCEV 2.0 to volume production and profitability.

unfortunately current shareholders will lose out but the company and future of emission free vehicles could be saved.

yup if

it comes down to --- how does NKLA raise the cash needed ------ and or does it fail to raise the cash needed

and I would like to see Q4 sales numbers

"but its not likely that the 11 papers are at the lawyers as reported here and there --- and the PPS on one half million shares is down "only a penny" ??"

from the Jan 6 high to today's low, is drop of over 50%...many have bailed out of this stock...those who are still hanging on will see another steep drop if bad news is actually reported instead of rumored...

with stocks around $1 there is massive speculation

but its not likely that the 11 papers are at the lawyers as reported here and there --- and the PPS on one half million shares is down "only a penny" ??

I would love to see the company report something

new trucks

or yes - they are STILL in talks with HYUNDAI or whatever

rumors being reported that are not fun to read

we should know more today ?

?

Interesting
🤔

The news is all over the web, Bloomberg, Reuters, and CNBC to name a few.

https://www.msn.com/en-us/money/companies/shares-of-cash-strapped-nikola-nosedive-on-report-of-potential-sale/ar-AA1xKjtG?ocid=BingNewsSerp

yesterday afternoon it was all over twitter and stocktwits. an article on elecric-vehicles.com. or some similar web site said BK docs had been filed.

later these still AFAIK rumors were changed to investigating all options… this has ben reported on more reliable web sites but still not announced by the company AFAIK

It looks like there are seveal articles out there, including one from Reuters, and one from Bloomberg that I can't access right now, stating that Nikola is exploring all options including sales of part or all of the company. Also coinsidering bringing on partners or raising new funds. Hopefully BK isn't in the near term yet.

UK, I haven't seen anything about a switch in the CEO per your comment below. Where did you find that info? I haven't seen anything yet. Thanks.

'Just would love to have a real update from the company last nights switch from CEO out to "investigating all options" was I believe from the company but where is the PR?'

If you believe that I am sorry for you Jack.

FCEV is a leader in trucking and once driven drivers do not want to return to the older ICE systems.

But NIKOLA being an assembler of trucks and only contributing software and experience is a struggle.

They have national accounts trialling, they have proven millions of miles in California drayage and now longer runs.

Just would love to have a real update from the company last nights switch from CEO out to "investigating all options" was I believe from the company but where is the PR?

Banger - They are selling the truck that runs downhill to Comedy Central.

I had an English car like that ..... A Rolls ... A Rolls Dunhill

I am thinking a sale to private equity.

they need c $500m probably to 'subsidize " current FCEV to the national accounts and new dealers, plus finish development testing and permitting of FCEV 2.0

only way they can get that is to sell the company to them.

At least it will mean the company/trucks survive and the planet will be able to breathe a little easier

The decline doesn’t seem like BK….seems more like another r/s….or a huge amount of shares about to get dumped…or both

Scam is done

current price means

1. who knows
2. decline in sales as customers fear NKLA not around for long
3. not able to raise money they thought they had
4. it is all over
5. panic with out cause
6. Some other company buying them or merging at value of say 90 cents a share

10. Who knows

Good news - have so little original investment left to lose
Not selling
Not buying

BK announcement?

Sub $1 today...guess it will be time for another RS. Quality management by Girsky and team.

Looks like next trade entry mid .70s

JMHO

Another all-time low achieved....horrible management team.

“He and Mary have the experience of major vehicle manufacturing and understanding of what national accounts need and their processes.”

I think their knowledge and experience is NOW telling them they will not be able to sell fcev trucks in the quantity that is needed…not even close…

I’m not sure trucking companies will buy many bev’s either…

Drill baby drill…

Listen to the calls after Girsky was appointed CEO. not from 3 years ago.
He and Mary have the experience of major vehicle manufacturing and understanding of what national accounts need and their processes.
His interview describing his first 100 days - day one was the fires in BEVS leading to the recall.

If what we hear is true about all the BEVS being returned by end of Q4 that means Protera was able to boost battery production in Q4, but now they can be focussed on shipping FCEV (three times as many FCEV as BEV per batch of batteries. We did see FCEL VIN 351 leaving the factory by Xmas but was it shipped to a customer to count as delivered?

I expect deliveries were ahead of schedule but it is all a matter of who has been using them and when they will turn orders for 10’s into commitments to buy 100’s or 1,000s later in 2025

with those they can get supply chain prices down significantly and start making gross margin on each vehicle.

“listen to the earnings calls where the company strategy for FCEV sales is well explained and set out.”

They were well explained and set out less than 3 yrs ago when the pps was $350…the same was true 1 1/2 yrs ago when the pps was $100…

Now at a pps of $1.22, they think they may a handle on it now?…

Trump seems to want to pull money out of hydrogen…I don’t see how this is a positive for hydrogen vehicles or trucks…it seems most companies that have anything to do with hydrogen can’t go to the bathroom without some kind of Federal funding, subsidies or loans…

Trucking companies were facing mandates to lower their emissions…doesn’t sound like they need to worry about that for at least the next 4 yrs…

So if trucking companies are not in a hurry to buy fcev trucks and Nkla has to sell a buttload more trucks in order to stay in business, then I’d say Nkla is in deep do do…

YUP
And so the approach to hold - not buy now - and hope to have reason to load up later

listen to the earnings calls where the company strategy for FCEV sales is well explained and set out.
every truck manufactured is being delivered in line with this strategy - be it to national accounts for initial or follow on evaluation, new dealers, follow through orders.

what we don't have is a date for FCEV2.0 to be launched (we dont even know whoo the fuel cell manufacturer will be assuming it is still Bosche) but they state it is 50 % cheaper in parts and mostly USA suppliers which makes supply chain easier to manage.

agree

but you assume static volume of trucks and static cost to produce

if that turns out true - all is dead

if volume goes up and costs to produce go down (with new tech and volume) then a future is visible - but with diluted shares as 400-500 million is likely needed. Can not buy now - but hope to have a chance later

bottom line, they lose a huge amount of money with every fcev they sell...they always have...that isnt good...and its not good business...it literally makes no sense...

reworking the math does not a profit make...

While the article IMO strays too much into politcs
While this GREEN "direction" with H may be stopped by DJT
It was very interesting to read the CORE stuff this article reports going on


https://www.msn.com/en-us/news/world/us-army-develops-revolutionary-replacement-for-traditional-diesel-generators-a-unique-opportunity/ar-AA1xtQPM?ocid=msedgntp&pc=LCTS&cvid=f7d3a5e8a9e44ce8872059e22be91169&ei=12

https://catalysts.shell.com/en/blue-hydrogen?hsa_acc=2377408393&hsa_cam=12914334885&hsa_grp=1296324504699377&hsa_ad=&hsa_src=a&hsa_tgt=kwd-81020440123027:loc-190&hsa_kw=blue%20hydrogen%20process&hsa_mt=e&hsa_net=adwords&hsa_ver=3&msclkid=55c90a34c7a61f8fe1a46dbaab317474&utm_source=bing&utm_medium=cpc&utm_campaign=Blue%20Hydrogen&utm_term=blue%20hydrogen%20process&utm_content=Blue%20Hydrogen

Did not read this SHELL article - but it seems to sit right on that question ----- in summary - how fast (soon) do H trucks need to be fully the low or no carbon world we want - and what does the phase in look like ?

if the link does not work it is under Shell Catalysts and Technologies (although I had a picture link)

Nothing new - NKLA needs cash as it loses money on sales

I assume - ??????? - that with a strong definition of MARGINAL cost to build - that NKLA adds cash to the bottom line as it sells MORE trucks. (A strong - thin definition of Added Marginal cost - e.g. assume work force would not reduce so even labor is not counted - is what I have in mind. (How much did cost - cash expenditure REALLY go up for one more or two more trucks v the cash received)

All that said - the math is the math ---- and right now - with caution - NKLA needs to add BIG chain type customers and supply BIG chain type current customers with what they want in terms of more trucks. Sometimes marketing and sales and more trucks on the road --- even if "bought with loss" is right - especially if the true extra cash spent is less than the true cash received.

The bottom line ----- to me - Is it easier for NKLA to attract the capital it needs with more sales? Do more sales and data like the increase in CA help to raise private investment or ability to borrow. Or does the potential increase in paper loss hurt worse, That is where the rubber hits the road

A 10 Million Dollar Greater semi annual GAAP loss from selling say 50-100 more trucks - may be the price needed to get 400M of equity without massive destructive dilution

Help
You likely answered this - and maybe more than one time - sorry

But can we tell from the data provided OVERALL - what the increase in FCEV from 546-610 is caused by.

I know to get on the list there needs to be some form of agreement to purchase

But I assume companies can back out
And if an actual sale is MADE ----- the transfer of money !! - does the "count" reduce

So - is an increase always positive or can it be a lack of "count not dropping due to lack of what i am calling FINAL SALES ?

“but significant increase for hydrogen FCEV from 546 to 610.”

Since they sell every fcev at huge losses, the increase in sales just means that they have increased their losses by a bunch…

Woo hoo…

Following is TheKRA recent post on updated total number of California HVIP vouchers for Nikola trucks at end of December 2024, and comparison to same data for end of November 2024. Note that format has changed, but the same data is provided. Slight increase from 144 to 153 for BEV, but significant increase for hydrogen FCEV from 546 to 610.
Link to California HVIP database https://californiahvip.org/impact/#deployed-vehicle-mapping-tool

Looks like they have updated numbers. The date has been added at the top of the information per the attached. New vaouchers as of 12/31 are 763.

153 BEVs and 610 FCEVs

NKLA..............................https://stockcharts.com/h-sc/ui?s=NKLA&p=W&b=5&g=0&id=p86431144783

Global EV Sales Jump 25% in 2024 Setting New Record
January 17, 2025
https://www.greencarstocks.com/global-ev-sales-jump-25-in-2024-setting-new-record/

Sorry

Plug Power https://finance.yahoo.com/quote/PLUG/ has finalized a $1.66 billion loan guarantee from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO).

The funding will support the construction of up to six projects across the United States for producing and liquefying zero- or low-carbon hydrogen.

Jan. 17, 2025 : https://energynews.biz/plug-power-secures-1-66b-doe-loan-guarantee-for-hydrogen-expansion/?amp=1

Plug Closes Loan Guarantee from the U.S. Department of Energy
January 16, 2025
https://www.ir.plugpower.com/press-releases/news-details/2025/Plug-Closes-Loan-Guarantee-from-the-U.S.-Department-of-Energy/default.aspx

Loan guarantee supports Plug’s domestic hydrogen production plant buildout

Plug’s Graham, Texas, plant first beneficiary of loan guarantee

SLINGERLANDS, N.Y., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, closed a $1.66 billion loan guarantee from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO).

“Finalizing this loan guarantee with the Department of Energy represents a significant step in the expansion of our domestic manufacturing and hydrogen production capabilities, which create many high-quality jobs throughout the U.S.,” said Plug CEO Andy Marsh. “In addition to reducing carbon emissions and enhancing the resilience of the U.S. energy grid, we believe the hydrogen economy aligns closely with national security interests, ensuring that the U.S. remains at the forefront of energy technology development and deployment on a global scale.”

The loan guarantee will help finance the construction of up to six projects to produce and liquify zero- or low-carbon hydrogen at scale throughout the United States. Plug’s Graham, Texas, green hydrogen plant, the first to benefit from this financing, will create hundreds of high-quality jobs. Powered by an adjacent wind farm, Plug’s green hydrogen production plant will utilize the company’s electrolyzer stacks manufactured at its factory in Rochester, N.Y., and its liquefaction and storage systems built at its facility in Houston.

The hydrogen economy is strengthening America’s energy independence, and securing U.S. leadership in clean energy innovation. Most importantly, the industry is a vital step toward bolstering the resilience of our energy grid and reducing reliance on foreign energy sources. By aligning with national security priorities, this initiative ensures the U.S. remains a global leader in cutting-edge energy technology and economic growth.

Plug’s current hydrogen generation network, with plants in Woodbine, Georgia, Charleston, Tennessee, St. Gabriel, and Louisiana has a liquid hydrogen production capacity of approximately 45 tons per day.

About Plug

Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.

With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.

For more information, visit www.plugpower.com.

DNU, yes PLUG. This will help NKLA, a PLUG partner, but it will take time.

Major Boost for Plug Power! Big News That Could Change the Hydrogen Game
17 January 2025
https://zaman.co.at/en/news/major-boost-for-plug-power-big-news-that-could-change-the-hydrogen-game/1212382/

I assume this is PLUG - but appears today is a done deal

In addition, the administration closed a separate $1.66 billion loan to finance the construction of six facilities that will produce hydrogen energy.



was part of an article in a general business - politics section

and
Initium
which Hyundai is rolling out this quarter

https://www.hyundai.com/worldwide/en/newsroom/detail/hyundai-motor-reveals-bold-and-efficient-hydrogen-fcev-concept-previewing-new-design-language-0000000858

I guess I am nervous about H --- but with simple searches one finds MAJOR companies invested in and working on H fuel cells

If nothing else - if IVECO is stubborn - there could well be solid alternative sources for fuel cells

Showing on my Yahoo feed or something like that


Today on FRAME, we explore the manufacturing of Honda's fuel cell system, where technology and craftsmanship come together to create cleaner, more sustainable energy solutions for transportation.

I think I read here or on news feed that some company had stopped trying Hydrogen Cells (and maybe moved to Hydrogen ICE ?)

anyway - unless the above is old ---- HONDA is still in the game big time

and those garbage trucks in China or ?