Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Nikola Corporation    NKLA

NIKOLA CORPORATION

(NKLA)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 10/27 08:34:51 am
21.21 USD   +1.43%
10/22Auto startups backed by blank-check companies
RE
10/22Auto startups chasing Tesla race past red flags to go public
RE
10/21GM sells out first year of electric Hummer production
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Nikola, CNH building electric truck prototypes for 2021 end launch

share with twitter share with LinkedIn share with facebook
09/14/2020 | 06:47pm EDT

Sept 14 (Reuters) - Nikola Corp and vehicle equipment maker CNH Industrial said on Monday they are working to build prototypes of the EV maker's Tre semi-truck, days after a scathing report from short-seller Hindenburg alleged Nikola of 'fraud'.

CNH said it aims to start testing the semi-trucks later this year and hopes to launch the vehicles commercially by the fourth quarter of 2021.

Meanwhile, the U.S. Securities and Exchange Commission (SEC) is probing Nikola to assess the merits of Hindenburg's allegations that the EV maker misled investors about its business prospects, Bloomberg News reported https://bloom.bg/3kk4HT4.

Nikola, which had accused Hindenburg of manipulating the stock to benefit short-sellers, said its counsel had contacted and briefed the SEC on its concerns regarding the short-seller's report.

The SEC did not immediately respond to Reuters request for comment.

Shares of the electric-truck maker were down about 9% at $32.52 in extended trade.

Hindenburg had shorted the stock last week and said it had gathered enough evidence to show Nikola founder Trevor Milton made false statements about possessing proprietary technology to form partnerships with large automakers.

Hindenburg had also alleged that a seemingly functional truck, Nikola One, was "simply filmed rolling down a big hill" in 2017.

Nikola said it never stated the truck was driving "under its own propulsion" and investors at that time were aware of its technical capabilities.

Last week, automaker General Motors Co took an 11% stake in Nikola and said the two companies will join forces to build electric pickup trucks and fuel cell commercial trucks to take on Tesla Inc.

GM's deal with Nikola gives it scale and validates its technology, GM Chief Executive Officer Mary Barra told investors at an RBC conference on Monday, deferring any questions on the latter to the EV maker. (Reporting by Ayanti Bera and Neha Malara in Bengaluru; Editing by Krishna Chandra Eluri and Arun Koyyur)


Stocks mentioned in the article
ChangeLast1st jan.
CNH INDUSTRIAL N.V. -2.67% 8.37 Delayed Quote.-23.91%
GENERAL MOTORS COMPANY -2.74% 35.82 Delayed Quote.-2.13%
NIKOLA CORPORATION -7.23% 20.91 Delayed Quote.102.62%
TESLA, INC. -0.08% 420.28 Delayed Quote.402.33%
share with twitter share with LinkedIn share with facebook
All news about NIKOLA CORPORATION
10/22Auto startups backed by blank-check companies
RE
10/22Auto startups chasing Tesla race past red flags to go public
RE
10/21GM sells out first year of electric Hummer production
RE
10/21Nikola shares jump after GM executive backs deal
RE
10/21GM PRESIDENT REUSS : Discussions continue with nikola on fuel cells, badger pick..
RE
10/21GM PRESIDENT REUSS : Discussions continuing with nikola
RE
10/21NO REVENUE, NO PROBLEM : Wall Street Rushes Into Electric Car and Truck Startups
DJ
10/20NIKOLA CORPORATION CLASS ACTION ALE : Wolf Haldenstein Adler Freeman & Herz LLP..
PR
10/20NKLA INVESTOR ALERT : Bernstein Liebhard Reminds Investors of the Deadline to Fi..
PR
10/19NIKOLA CORPORATION : to Announce Third Quarter 2020 Financial Results on Novembe..
PR
More news
Financials (USD)
Sales 2020 0,11 M - -
Net income 2020 -417 M - -
Net cash 2020 519 M - -
P/E ratio 2020 -18,8x
Yield 2020 -
Capitalization 7 924 M 7 924 M -
EV / Sales 2020 66 918x
EV / Sales 2021 90,7x
Nbr of Employees 256
Free-Float 37,5%
Chart NIKOLA CORPORATION
Duration : Period :
Nikola Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NIKOLA CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 42,00 $
Last Close Price 20,91 $
Spread / Highest target 278%
Spread / Average Target 101%
Spread / Lowest Target -28,3%
EPS Revisions
Managers
NameTitle
Mark A. Russell President, Chief Executive Officer & Director
Stephen J. Girsky Chairman
Kim J. Brady Chief Financial Officer & Director
Dane Davis Chief Technology Officer
Isaac Sloan Chief Information Officer & Software Architect
Sector and Competitors
1st jan.Capitalization (M$)
NIKOLA CORPORATION102.62%7 924
TESLA, INC.402.33%391 621
TOYOTA MOTOR CORPORATION-9.39%186 362
VOLKSWAGEN AG-23.04%83 025
DAIMLER AG-2.85%60 641
BYD COMPANY LIMITED249.81%53 853