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Jun 30, 2021
Nikola Q2 2021 Earnings Report
Nikola reported a net loss for the second quarter of 2021, but made progress in manufacturing and validation of its Nikola Tre BEVs.
Key Takeaways
Nikola Corporation reported financial results for the quarter ended June 30, 2021. The company continued to make progress on its manufacturing facilities and validation of its Nikola Tre BEVs. Nikola acquired a 20% stake in the Wabash Valley Resources clean hydrogen project and entered into a purchase agreement with Tumim Stone Capital LLC for up to $300 million of Nikola common stock.
Continued progress in commissioning and validating the Nikola Tre BEVs.
Completed both Ulm, Germany and Phase 0.5 of Coolidge, Arizona manufacturing facilities.
Entered into a purchase agreement with Tumim Stone Capital LLC for up to $300 million of Nikola common stock.
Acquired a 20% stake in the Wabash Valley Resources clean hydrogen project in West Terra Haute, Indiana.
Forward Guidance
Nikola anticipates achieving several milestones in the second half of 2021.
Positive Outlook
- Deliver pre-series Nikola Tre BEVs for use on public roads hauling customer freight.
- Announce additional fleet testing customers/dealers.
- Break ground on our first commercial hydrogen station and/or centralized hydrogen production facility.
- Announce additional hydrogen infrastructure/ecosystem partners
Historical Earnings Impact
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Avg. Return Before/After Earnings
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