About NikolaCopy link to section
What is Nikola?Copy link to section
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?Copy link to section
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?Copy link to section
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?Copy link to section
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?Copy link to section
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?Copy link to section
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 priceCopy link to section
What is the Nikola stock price today?Copy link to section
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?Copy link to section
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?Copy link to section
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?Copy link to section
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.
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FAQsCopy link to section
Nikola’s market capitalisation is $808.21 million. This is calculated by multiplying the number of shares that have been issued by the current NKLA share price. Another way of measuring this is enterprise value, which includes Nikola’s debt obligations. Nikola’s enterprise value is $896.08 million.
Nikola went public on June 4th, 2020. It went public through a merger with a SPAC, a Special Purpose Acquisition Company, called VectoIQ Acquisition Corporation (VTIQ). The stock price doubled within the first week of trading.
Norges Bank Investment Management is the largest shareholder in Nikola. The asset manager owns about 33 million shares, about 6.5% of the total. Vanguard is second, with 5.98%, followed by BlackRock, which owns 4.15%.
The Shyft Group is one of Nikola’s biggest competitors, as it develops commercial EVs. However, the competition isn’t simply limited to EV manufacturers, as most of the existing sales of long distance vehicles go to traditional diesel manufacturers.
- The Shyft Group. An electric vehicle manufacturer that produces commercial vehicles.
- Ford. One of the best known automobile manufacturers in the world.
- Daimler Trucks. A leading manufacturer of trucks in the United States.
Nikola posts its earnings reports every quarter, in February, May, August, and November. The full year filing is released in February.
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