Nikola (NKLA)

Learn everything you need to know about Nikola and find links to beginner-friendly guides that show you the best way to invest in it.
Updated: Mar 27, 2023

About Nikola

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What is Nikola?

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Nikola is an electric vehicle manufacturer. It produces heavy-duty EVs, most notably trucks, that run on battery power. Alongside that, Nikola makes hydrogen fuel cells and develops the infrastructure to make it a realistic option to power commercial vehicles.

How does Nikola make money?

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It makes money from selling electric vehicles and from developing the infrastructure and charging systems to provide hydrogen fuel. These two revenue streams are split into two distinct business segments: truck and energy.

For now, truck sales are a crucial part of the business model. Over time, Nikola hopes to develop this so that it creates an overall ecosystem, where it provides the infrastructure for long-distance vehicles to charge up and operate over vast areas.

What is Nikola’s best selling product?

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Truck sales dominate its balance sheet and contribute 90% of revenue, according to Nikola’s latest financial accounts. The infrastructure and hydrogen power segment of the business produces very little revenue at the moment.

Who are the key executives at Nikola?

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Michael Lohscheller is the President and CEO. Here are some other key executives at the company today:

  • Michael Lohscheller, President & CEO
  • Dane Davis, CTO
  • Roger Roger, CEO

Where can I buy shares in Nikola?

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You can buy Nikola stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.

Are there any other ways to invest in Nikola?

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The simplest way to invest in Nikola is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.

Nikola is part of the NASDAQ index, so you can invest in an ETF that tracks that index, or choose an EV ETF that lets you own a basket of related stocks from the same industry.

More about the NKLA price

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What is the Nikola stock price today?

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The NKLA stock price today is currently $1.45, as of 27 March 2023. The price of Nikola is down 86.06% over the last year. You can use the live Nikola stock chart to track the NASDAQ: NKLA price in real time above, or compare the Nikola value today to its past performance using the Nikola financials tab at the top of this page.

What is the 52-week low for Nikola stock?

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The 52-week low for Nikola stock is $1.35. NKLA stock is currently 6.89% above the 52-week low.

What is the 52-week high for Nikola stock?

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The 52-week high for Nikola stock is $11.87. NKLA stock is currently 87.20% below the 52-week high.

What is the stock forecast for Nikola?

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The average Nikola stock forecast has a price target of $3.50 by the end of 2023. Nikola’s latest financial results, the broader economic outlook, and the amount of competition in the industry all influence these forecasts.

It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock.

More stock guides

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How much is Nikola worth?
When did NKLA stock go public?
Who owns the most shares in Nikola?
Who are Nikola’s biggest competitors?
When are Nikola’s earnings?
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Sources & references
Risk disclaimer
Charlie Hancox
Financial Writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.