Nikola Corporation (NKLA) News

Oakland Port Hosts World’s First Large-Scale Commercial Hydrogen Truck Stop
Story by Jim Motavalli • 3h
https://www.autoweek.com/news/a60619293/firstelement-fuel-opens-hydrogen-truck-refueling-at-oakland-port/

I can't imagine them selling big time, any positive news,.. i think they don'want the stock to run, as it might sway investors to not vote for the RS

Does that mean we are not going to get positive news on May 7th?

I find if you own shares and are a retail investor, you are against the RS cause you are going to loose big time.

If you don't own shares or very few,... You are for the RS cause you going to make money when you buy at the low.

How low will it go before the RS,... It seems like the company is not trying to keep the price up before the RS, ... That alone stinks!

what they are saying is that :
a) they need to have more shares to cover already committed convertible notes and employee option plans.
b) they dont need to sell shares immediately as they have c 12 months cash
c) They may need to access the market later in the year and have to have the ability to do so.

Most businesses once their O/S gets to 80% of the A/S will be looking at R/S options like Nikola did.

Now we kmow why there hasn't been any insider buying!

Yes they initially suffer the same haircut but are quickly issued new shares at the new price,.... We have to buy them at the higher price.

You are correct - my math was “fuzzy” on the magnitude of the officer’s bonus shares.


yes, pre R/S the officers shares are reduced as all A/S are.

However, with a proposed 1B A/S after a R/S the officers receive 130M shares out of the new A/S pool which has been “reduced” to “only” 1B. The share value initially will have increased by 10 - 30 times (not forty as I think I stated previously).

Dilution Monitor
Outstanding Shares

716.79M + 62.67M = 779.46M
779.46M + 79.87M = 856.33M
856.33M + 128.87M = 985.20M
985.20M + 34.8M = 1.02B (6 Nov 2023)
1.02B + 140M = 1.16B (14 Dec 2023)
1.16B + 18M = 1.34 B (1 Mar 2024)
1.34B + 20M = 1.36B (25 April 2024)

they say 1B
but that is POST R/S split count

the ceiling is being raised - just a question of how much

A 40/1 R/S effectively ultimately would increase Nikola officer’s share value x4.

?

So - you are suggesting NKLA is going to award officers ---- 100MM new post RS shares?

I did not see that in the materials but I only skimmed

but yes - it will be allowed - possilbe with the new much high authorized share count

not sure if it is always 4X -- or is that dependent on the actual ratio of the R/S

and do they - management - not get a loss exactly like us !!!! on all shares they hold already --- i.e. R/S is bad as it will decline - say 20% - just "because" post R/S. Do they - management - not suffer the same haircut?

?
they reduce the outstanding count
and indeed - have said the authorized count will drop to 1B

but with say a 1:10 reverse split - that means 1B is the same as 10B of the old - current shares - as a cap

they will have to issue shares is what they are saying

IMO

Nikola | Earth Day 2024

Nikola Motor Company
43.7K subscribers
Posted Apr 22, 2024

From the first light of dawn to the forefront of innovation, we're driving change for a sustainable today and tomorrow. Happy Earth Day! Learn more:
https://www.nikolamotor.com/

Air Products announces plans to build network of commercial-scale multi-modal H2 refueling stations
24 Apr 2024
https://h2-tech.com/news/2024/04-2024/air-products-announces-plans-to-build-network-of-commercial-scale-multi-modal-h-sub-2-sub-refueling-stations/

Air Products announced it intends to build a network of permanent, commercial-scale multi-modal H2 refueling stations stretching from Edmonton to Calgary, Alberta, Canada.

“With abundant resources, tremendous talent, and forward-thinking governments, Canada is driving the clean energy transition forward,” said Seifi Ghasemi, Air Products’ Chairman, President and Chief Executive Officer. “Last year, Air Products announced our continued investment in Western Canada with the first permanent, commercial-scale H2 refueling station in Alberta. Today, we build on that commitment with plans to build additional commercial-scale multi-modal H2 refueling stations, developing a H2 highway connecting Alberta’s two largest cities and enabling the continued development of the region’s H2 ecosystem.”

The permanent, multi-modal H2 refueling stations will be equipped to serve heavy-duty vehicles, such as commercial and municipal trucks and buses, as well light-duty H2 fuel cell cars. The stations will be along the Queen Elizabeth II Highway that runs through Calgary and Edmonton, providing a fueling experience and speed that is similar to gasoline or diesel. This H2 infrastructure will help Western Canada reach a goal of 5,000 H2 or dual fuel vehicles on the road in five years.

“Each of our state-of-the-art, high-capacity, high-reliability stations will be able to fuel up to 200 heavy-duty trucks or 2,000 cars per day,” noted Rachel Smith, vice president and general manager, Air Products Canada. “In Canada, H2 is essential to decarbonizing transportation where heavy-duty vehicles travel long distances in extreme temperatures. We are excited to be activating Canada’s first H2 corridor here in Alberta.”

The first of Air Products’ permanent H2 refueling stations, located in Edmonton, near the site of the Company’s landmark net-zero H2 energy complex that is under construction, is scheduled to be onstream in 2025. Currently, Air Products has placed a temporary, H2 mobile fueler on the site that is supplying customers. The permanent Edmonton H2 refueling station is supported in part by $1 million (CAD) in funding from Natural Resources Canada’s Zero Emission Vehicle Infrastructure Program.

Hon. Jonathan Wilkinson, Minister of Energy and Natural Resources Canada, said, “The development and deployment of H2 presents an enormous economic and environmental opportunity for Canadians. The federal government is prepared to seize this opportunity, and today’s announcement by Air Products shows that Canadian companies and innovators are also continuing to lead the way on H2. I congratulate Air Products on today’s exciting announcement. Together, we will continue to establish Canada as a leading producer and supplier of H2 on our path to net-zero by 2050.”

Hon. Danielle Smith, Premier of Alberta, said, “H2 is a fuel of the future and our government is fully on-board with efforts to pursue early adoption of H2 technology. I’m thrilled that Air Products is working toward development of a H2 highway between Edmonton and Calgary. This will help grow Alberta’s H2 ecosystem and spur on additional interest, investment, and progress in the H2 space.”

Hon. Dale Nally, Minister of Service Alberta and Red Tape Reduction, said, “This is exciting news and a great leap forward in growing the use of H2 as a transportation fuel in Alberta. By adding H2 fueling infrastructure along Alberta’s busiest transportation corridor, Air Products is helping to clear the way for H2-powered vehicles as a viable clean alternative to EVs. Alberta’s government knows H2 has the potential to be a major source of clean energy here at home and around the world, and today’s announcement is helping to turn that vision into reality.”

Jim Wood, Mayor of Red Deer County, said, “Red Deer County takes pride in supporting trucking and logistics; we are excited that future trucks driving along the QE2 will have easy access to a clean alternative energy fuel source.”

Malcolm Bruce, CEO of Edmonton Global, said, "Air Products' bold initiative to build a network of multi-modal H2 refueling stations between the Edmonton region and Calgary marks a significant leap forward in Canada's clean energy journey and the 5,000 H2 Vehicle Challenge. Announcements like these will help us in reaching our goal of having 5,000 H2 or dual-fuel vehicles on the road in Western Canada in five years. By connecting our two largest cities with this H2 highway, we're not just fostering innovation; we're catalyzing a sustainable future. This investment underscores our shared commitment to advancing green technologies and propelling Alberta to the forefront of the H2 revolution. Canada's path to net-zero truly runs through the Edmonton region."

In addition, Air Products has a H2 mobile fueler at the Edmonton International Airport to provide H2 for the airport’s fleet of Toyota Mirai H2 fuel cell vehicles as well as a mobile fueler located on Aurum Road ready to serve the broader Edmonton market.

As the world’s largest supplier of H2, Air Products has hands-on operating experience with over 250 H2 fueling station projects in 20 countries and the company’s technologies are used in over 1.5 million fueling operations annually.

Voted against the 'RS 1-for-10 and/or 1-for-30 proposal'. Because I think 1-for-10 and/or 1-for-30 is too much IMHO.

============

NKLA Stock: Nikola Chairman Doubles Down on Need for Reverse Stock Split
Nikola seeks a reverse split in order to focus on its business operations

Apr 11, 2024, 12:32 pm

- Shareholders will vote on a reverse stock split proposal at Nikola’s (NKLA) upcoming annual meeting.

- Nikola seeks to reverse split its shares in a ratio between 1-for-10 and 1-for-30.

- NKLA stock is currently trading below the pivotal $1 level.

Nikola (NASDAQ:NKLA) stock is plunging lower by more than 10% after the company filed a proxy statement to document the proposals at its upcoming annual meeting of stockholders. These proposals include a reverse stock split in a range between 1-for-10 and 1-for-30 and reducing authorized common stock to 1 billion from 1.6 billion. The date of the meeting has not yet been confirmed.

Nikola also seeks to increase the common stock available for issuance under the Nikola Corporation 2020 Stock Incentive Plan by 130 million shares. This proposal cannot be enacted unless the reverse split proposal is approved.

https://investorplace.com/2024/04/nkla-stock-nikola-chairman-doubles-down-on-need-for-reverse-stock-split/

$NKLA

What?

If there is a R/S then they will also authorize a decrease in A/S to 1B from 1.6B.

BUT:

They are doing that decrease in A/S AFTER the R/S.

So, a decrease in everyone’s shares by 10/1 to 30/1 as well as total A/S.

Then there will be an increase in the A/S back to the “reduced” A/S of 1B.

Share holders percentage of Nikola is reduced greatly.

Then add in the 100+M shares out of the “reduced” new 1B shares for the Nikola officers.

At this point Nikola sells what’s left of the “reduced” new shares which further dilutes share holders portion of Nikola.
Because they will need cash for a bit longer.

So no, all things being equal, a R/S does not dilute, per se. Subsequently selling “new” shares does and it further magnifies the existing shareholders losses.

Of course management covered themselves when they added authorizing the 100M+ shares for themselves, after any new A/S.

Of course this might not occur.

RS does NOT affect authorized shares. That will stay at 1.6bn
Normally this allows the company to raise a lot more cash.
NKLA has stated that is not the purpose of the split and to show their intention are REDUCING the AS after the split.

Very few companies do that.

RS will reduce authorized shares and also at the same time will bump up the shares price!
This manipulation will allow them to stay in nasdaq listing.
The worse thing is that they could sell more shares down to $1 again !!!!!!!
This is my experience what other companies did!!!

Hmmm, fuzzy math. Please note the timing of the steps Nikola proposes.

Also, I stated Nikola proposes a 1 billion A/S: but that would be after a proposed reverse split.

So:

The Nikola float is currently 1.24B. (Out of 1.6B current)

A 10/1 RS brings the float to 124M.

Now Nikola proposes increasing the A/S to 1B (while saying they are “reducing” it). This occurs after the R/S - again after.

Then, after the R/S and the purportedly “reduced” 1B A/S, subtract 100M+ shares for Nikola officer compensation.

The dilution begins as the “new” A/S (in addition to the 124M plus 100+M) are sold to fund Nikola’s business as they will need to for until the hydrogen market grows and it reaches necessary production volumes.

A 40/1 R/S effectively ultimately would increase Nikola officer’s share value x4.

But we loose value as the stock falls before the RS. I doubt we will be $1 when it happens.... Most likely going down till it happens,... There's the rub!

If they could call for a RS , do it the next, then announce a slew of great news,... Yes,... But impossible to do.

And what happened to the 5 things Girsky said were more important than a future RS,... What were they and did they accomplish them?

The RS was announced a few weeks after Girsky said this.

they are in fact REDUCING the number of authorized shares(A/S) not issuing any (O/S)

They probably already are over the 1.6BN if you count all the shares promised in convertibles and in stock options to the board/officers

Hence the need to restructure the shares - a reverse split give them opportunity to reduce the authorized shares

they plan these things our months in advance - like they know they next 12 months cash or easily accessible funding on a rolling basis. I am assuming they cash for this year but may have to sell more shares in an ATM to get cash required for 2025. we will hear more at the earnings call.

R/S will not dilute and that is what they have said so far. it will guarantee Nasdaq listing and give access to cash if needed

Exactly it was their plan all along...which means they lied their asses off when saying a Rev Split wasn't in the cards and the share price would take care of itself.

The ownership structure of Nikola (NKLA) stock is a mix of institutional, retail and individual investors.

Approximately 21.81% of the company's stock is owned by Institutional Investors, 5.51% is owned by Insiders and 72.68% is owned by Public Companies and Individual Investors.

https://www.tipranks.com/stocks/nkla/ownership

You are correct (I did not sleep at a Holiday Inn last night).

But after the R/S, Nikola also proposes offering an enormous number of new shares which, I believe, is where the dilution happens. Note they phrase the new shares as a “decrease” from 1.6 billion to “just” 1 billion.

Since our share count will have been considerably reduced, the proposed addition of up to a billion new shares dilutes our portion of the company (and T Milton’s) a lot.

Of course, correct me at any time.

Nikola
37.38% of the stock is owned by institutional investors and hedge funds.

how does a RS - alone - reduce the % of equity Trevor owns?

new shares - as NKLA went from 600MM to 1.3MM or whatever dilute role of TREVOR

but a reverse split of existing shares does not change % ownership e.g. 20:1 - if you had 20 shares and now 1 share - you have same % of the total number of shares - ownership

or do I miss something ?

Perhaps this possible reverse split was to block Trevor Milton from legally attacking Nikola. His shares have now been devalued and he has the risk of having them further massively devalued if a R/S were to occur were he and his group to start legal proceedings.

Notice the timing of his legal attack, the proposal of R/S and his immediate withdrawal of his legal attack.

I will wait till after the RS,.... Again i just wonder if management doesn't have a majority vote how will they convince Institutions to agree with a RS,.... Especially a 1:30 RS!

I believe management knew exactly what they were doing when they announced the reverse split! This stock would be in the $1.50 range if they didn't make that announcement. They needed the stock price to tank so they could get a positive vote. The shorts and naked shorts are in total control of the stock price. If you still believe in this company then keep adding here, the stock will start to move up after the reverse split.

We'll never go up even on good news with the threat of RS before us. They should have known that,... How will they convince all the Institutional investors to vote yes,... Seems to be the vote will not pass!

From Nikol's X page

We attended the grand opening of FirstElement Fuel's hydrogen refueling station, strategically located near the Port of Oakland! The Oakland station’s fast-fill lane is a prime example of the synergies between Nikola’s advanced truck technology as well as FEF’s station capabilities. Learn more about this partnership:

https://nikolamotor.com/nikola-and-firstelement-fuel-forge-10-year-strategic-partnership-to-advance-hydrogen-fueling-infrastructure

We attended the grand opening of FirstElement Fuel's hydrogen refueling station, strategically located near the Port of Oakland! The Oakland station’s fast-fill lane is a prime example of the synergies between Nikola’s advanced truck technology as well as FEF’s station… pic.twitter.com/Kszfic0JMx— Nikola Corporation (@nikolamotor) April 24, 2024

That is where we saw Loblaw ? as it tests out H trucks from NKLA?

Agree
Hard to buy - if the odds are say 3:1 of a reverse split and then say a 20% "market adjustment down"

My guess - but with some reading along the way - is that NKLA management NOW does not own that much of the stock. Think of the 600MM shares or so that came from (?) debt converted to equity etc. I doubt management has even 100MM shares

so - what is the Finnish or ? bank?

Not surprised Bosch is "here"

I thought they make a "part" used by NKLA and Iveco in the current H trucks?

As a follow up to my previous posts, for context, current Nikola FCEV trucks have a hydrogen fuel tank capacity of 70 kg, and range of 500 miles. Thus, if the hydrogen refueling station has a refueling rate capacity of 100 kg H2 in 10 minutes, a next generation Nikola FCEV truck with a larger tank capacity of 100kg, could travel 715 miles and refuel in 10 minutes (conservatively assuming no advancements in fuel cell efficiency).

Recent Linkedin post.
https://www.linkedin.com/posts/jorgwimbert_come-by-our-nikola-booth-next-to-the-mobility-activity-7188684145101885441-7UR_/

Do all the Institutional investors have to be on board to pass the R/S proposal or it can pass simply with the votes of NKLA management shares?

And if it needs the Inst. Investors votes,... Anyone here have any idea where they stand.

I just can't see the price moving up with the RS having come to the foreground.

FirstElement Fuel, World-Leader in Hydrogen Refueling Solutions, Selected as a Top 40 US GreenTech Company by Time Magazine
Apr 22, 2024
https://www.prnewswire.com/news-releases/firstelement-fuel-world-leader-in-hydrogen-refueling-solutions-selected-as-a-top-40-us-greentech-company-by-time-magazine-302122746.html

Relevant excerpt:

FEF's many accomplishments and contributions to the hydrogen refueling space include the design and deployment of the world's first high-capacity HRS capable of refueling 4 vehicles simultaneously; best-in-class performance and availability of HRS; and next month the company will open the world's largest heavy-duty truck HRS with the capability of refueling heavy-duty, medium-duty, and light-duty vehicle classes. The HRS is part of a public and private partnership titled NorCAL ZERO, which was jointly funded by the California Energy Commission (CEC) and the California Air Resources Board (CARB) and is being managed by the Center for Transportation and the Environment (CTE). FEF designed the station with a unique architecture, making it the first station in the world capable of conducting 700 bar, simultaneous, fast fills (i.e., delivering 80 kilograms of hydrogen in under 10 minutes) on up to 200 trucks per day.

Compressor drives for hydrogen filling stations: scalable, robust and compact
Manuela Kessler
22.04.2024
https://www.boschrexroth.com/de/de/unternehmen/presse/produktportfolio-wasserstoff-25088.html

Servo-hydraulic drives for hydrogen compressors and cryogenic pumps increase efficiency and shorten tank cycles

Together with partner companies from the hydrogen economy, Bosch Rexroth has developed a scalable portfolio of servo-hydraulic compressor drives in the power range between 10 and 280 kW. (Image source: Bosch Rexroth AG)
Within the next six years, several thousand hydrogen filling stations are to go into operation worldwide, thus making an important contribution to the decarbonization of the mobility sector. To this end, Bosch Rexroth has developed a scalable portfolio of servo-hydraulic compressor drives in the power range between 10 and 280 kW together with partner companies from the hydrogen economy. A new cryogenic pump, for example, compresses liquid hydrogen directly to 875 bar, enabling the direct refueling of heavy-duty commercial vehicles within a few minutes.

Long service life and start-stop operation, high efficiency with low hydrogen losses and low operating costs: OEMs and operators are looking for solutions that can be implemented quickly and economically for the cost-effective operation of hydrogen filling stations. Based on its decades of experience in electrohydraulics, Bosch Rexroth has developed tailor-made solutions for a cost-effective hydrogen infrastructure together with partner companies.

To achieve this, the company relies on servo-hydraulic drive technology with a continuously adjustable hydrostatic transmission. The robust hydraulics achieve a long service life. Long-stroke, ATEX-certified compressor drive cylinders increase conveying rates through end-position-optimized control. The portfolio covers the power range between 10 and 280 kW and various applications.

New cryogenic pump: 100 kg of hydrogen can be filled up in 10 minutes

Bosch Rexroth is developing the new electrohydraulically driven cryogenic pump in partnership with FirstElement Fuel, the market leader for the commercial operation of hydrogen filling stations in the United States. With a connected load of 280 kW, it compresses liquid hydrogen to 875 bar for the direct refuelling of heavy trucks. The aim is to refuel the vehicles with 100 kg of hydrogen within 10 minutes. Direct refuelling eliminates the need for intermediate storage at petrol stations. The first filling stations will be equipped from 2025.

Bosch Rexroth also offers variants developed in collaboration with partner companies for medium and lower outputs. The 75 kW CytroCore compressor drive can be used for the compression of both liquid and gaseous hydrogen. In the lower power range of 10 kW, a ready-to-connect self-sufficient axle, CytroForce, drives the compressor cylinders. No specific hydraulics know-how is required for either solution.

Standard modules in hardware and software can be finely scaled

For optimum energy efficiency, Bosch Rexroth relies on the so-called positive displacement control. In contrast to throttle control, which is used in most industrial hydraulic systems, position and force control is implemented by means of servo-hydraulic pump control. This control concept reduces energy consumption by approx. 75%. In addition, the compressor drives require less than one square meter of floor space and are much quieter than conventional drive systems. After the one-time parameterization, they are immediately ready for use. They communicate with the control system of the hydrogen filling station via open interfaces. All modules continuously record operating data and thus create the conditions for systematic condition monitoring and predictive maintenance for maximum availability with the digital service CytroConnect.

Bosch Rexroth can configure the standard drives in its portfolio in hardware and software to suit specific applications, thus meeting the requirements of users precisely. The compressor drives simplify the system architecture and operability of hydrogen filling stations and are suitable for both established companies in the hydrogen economy and newcomers.

yes
and I have never - ever - understood the way to make $$ on fuel in this sentence?

Voltera will site, build, own, and operate the strategically located, fit-for-purpose hydrogen refueling stations, and Nikola will supply the hydrogen fuel and provide technical expertise.

Info (from May, 2023) about HYLA and Voltera:

Nikola and Voltera Enter Into a Definitive Strategic Partnership on Hydrogen Station Infrastructure Funding For Up To 50 Stations

Creating the largest North American open-network of commercial hydrogen refueling stations

Published May 2, 2023

PHOENIX and ANAHEIM – May 2, 2023 — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, and Voltera, a leading provider of critical infrastructure necessary to support the full decarbonization of transportation, announced a definitive agreement to develop the hydrogen fueling infrastructure required to support Nikola’s deployment of its innovative zero-emissions vehicles. Through this strategic partnership agreement, Nikola and Voltera plan to develop up to 50 HYLA stations throughout North America over the next five years. This partnership underpins Nikola’s prior announced plans to develop 60 stations by 2026.

Through this partnership, Nikola and Voltera will create the largest North American open-network of commercial hydrogen refueling stations, providing fuel to vehicles from various manufacturers to accelerate the adoption of zero-emission vehicles. Voltera will site, build, own, and operate the strategically located, fit-for-purpose hydrogen refueling stations, and Nikola will supply the hydrogen fuel and provide technical expertise. This partnership will accelerate the deployment of the several billion dollars Voltera plans to invest into EV charging and hydrogen fueling facilities. Together, Nikola and Voltera will develop a reliable and optimal refueling experience.

“Our partnership with Voltera will bring substantial capital and expertise to support Nikola’s plans to build refueling infrastructure to support its customers,” said Carey Mendes, President, Nikola Energy. “Voltera’s expertise in building out zero-emission energy infrastructure will be a key enabler for Nikola’s first-to-market hydrogen fuel cell electric trucks and fueling infrastructure. Nikola and Voltera have a shared commitment to the rapid deployment of infrastructure which is key to enabling the transition to a zero-emission economy.”

“Voltera’s mission is to accelerate the adoption of zero-emission vehicles, by taking on the complex and costly nature of developing the necessary infrastructure,” said Matt Horton, CEO of Voltera. “By partnering with Nikola, we are expanding our focus beyond battery-electric vehicle charging in order to dramatically increase hydrogen fueling infrastructure, reduce barriers for operators buying vehicles at scale to enable mass adoption of hydrogen trucks.”

ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, via the HYLA brand, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

ABOUT VOLTERA
Voltera sites, builds, owns, and operates strategically located, fit-for-purpose EV charging and hydrogen fueling facilities to enable zero-emission vehicle deployment and operation at scale. With equity backing from EQT and plans to invest several billion dollars, alongside a team with deep experience deploying charging assets, proven critical infrastructure expertise and key strategic partners, Voltera is uniquely positioned to help solve the infrastructure challenge and scale zero-emission transportation. For more information, visit www.volterapower.com.

FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, expectations about the benefits of the partnership between Nikola and Voltera; expectations regarding the respective business model and strategy; the ability of the partnership to develop a reliable and optimal refueling experience; the expectations regarding projected truck builds and related specifications and the timing of delivery of hydrogen electric trucks; the expectations for Nikola’s trucks and market acceptance of electric trucks; These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; risks related to the conflict between Russia and Ukraine; the outcome of legal proceedings to which Nikola is, or may become a party; the conversion of pre-orders into binding orders; risks related to the rollout of Nikola’s business and the timing of expected business milestones; the effects of competition on future business; the availability of capital; slower than anticipated growth of new clean energy product offerings; inability to achieve expected pricing increases or continued supply chain challenges including volatility in raw materials and supply; and market opportunity, and the other risks and factors detailed from time to time in each of Nikola’s reports filed with the Securities and Exchange Commission, including factors discussed in the Risk Factors in Nikola’s most recent Annual Report on Form 10-K filed with the SEC for the year ended year ended December 31, 2022 and other documents Nikola files with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.

NIKOLA MEDIA CONTACT
press@nikolamotor.com

VOLTERA MEDIA CONTACT
Lawren Markle
Gladstein, Neandross & Associates (GNA) for Voltera
424-224-5364
lawren.markle@gladstein.org

https://nikolamotor.com/nikola-and-voltera-enter-into-a-definitive-strategic-partnership-on-hydrogen-station-infrastructure-funding-for-up-to-50-stations

$NKLA

Not a word about HYLA in that article? Only this if I'm not mistaken:

Girsky believes Nikola can accomplish those goals even as it expands its hydrogen charging network with its partner Voltera. It aims to open 14 of those stations by the end of 2024 to support its own FCEVs.

https://www.msn.com/en-us/money/savingandinvesting/nikola-stock-buy-sell-or-hold/ar-AA1nnx44

$NKLA

We have received information from one of our community members that 2 new #HYLA stations will be opening in the Toronto area in the next few weeks. This is huge for business expansion because there are 6 million people in the GTA! pic.twitter.com/gcAIMG6C54— Super Stock Bull (@SuperStockBull) April 21, 2024

https://www.trucknews.com/sustainability/nikola-sees-great-potential-for-hydrogen-fuel-cell-electric-trucks-in-canada/1003184580/

Motley Fool
not the dude with charts and such but another "analyst" - Leo Sun

the article concludes with -- oops - sell -- BUT BUT

this article shows he original expectation in trucks per year
the current situation - focus on 23

but does open the door wide to speculation -- that finally - and based on visible stuff --- this could be a year where NKLA shows its metal

very interesting article

http://stocktwits.com/Nandoso/message/570257112

3 or 4 years out?

NKLA Stock - Nikola WHY IS T DOWN? - Martyn Lucas Investor

Martyn Lucas Investor
22.2K subscribers
Posted Apr 15, 2024

This Startup With A Better Way To Fuel Hydrogen Trucks Snags Its First

Business News
10.2K subscribers
Posted Apr 18, 2024

Verne, a San Francisco startup that’s developing a cheaper, lighter tank and fueling system to help hydrogen semis match the driving range and hauling ability of dirty diesel big rigs, notched its first substantial funding from private investors to commercialize the technology. If it works as tested, heavy-duty hydrogen vehicles could become an attractive option for emission-free trucking. CEO Ted McKlveen, an alumnus of the Forbes 30 under 30 list, said the new round, the first the company has disclosed, boosts cumulative investment in it to $15.5 million.

He declined to say exactly how much backers including Trucks Venture Capital, Collaborative Fund, Amazon, United Airlines and Newlab put into the round, though Verne had previously raised less than $1 million, mainly in Energy Department grants, according to a PitchBook estimate. The company, named for famed French writer Jules Verne, believes its patented hydrogen tank and lower pressure fueling system – verified in testing with Lawrence Livermore National Laboratory – will allow trucks using it to go as far as diesel models, with no added weight, and fuel up just as fast.

The next step is testing it with “major” truckmakers McKlveen declined to identify.“The goal is to get diesel parity performance – that full 800-plus mile range on your vehicle like you can with diesel and you can carry a full payload like you can with diesel,” he told Forbes. “What unlocks that is a higher density form of storage. So instead of having six high-pressure tanks, you can just have two of our tanks mounted on the frame of the truck between the wheels, right where the diesel tanks go today.”

Its news comes as truckmakers including Volvo, Daimler, Hyundai, Freightliner and Nikola begin rolling out battery- and hydrogen-powered heavy-duty models to help reduce exhaust emissions and greenhouse gasses. Last month, the Environmental Protection Agency unveiled new rules requiring cleaner heavy commercial trucks and buses starting in 2027 as part of broad U. S. efforts to curb carbon emissions. But electric trucks are costlier than diesel models and have some limitations relative to conventional ones. Battery-powered trucks, for example, have extremely heavy, large battery packs that make them thousands of pounds heavier and prevent them from hauling loads of up to 60,000 pounds over distances greater than 300 miles. Recharging them also takes much longer than refueling a diesel truck and requires fleet operators to invest in expensive charging stations and find enough power to operate them.

Hydrogen vehicles aren’t as heavy – typically only about 1,000 pounds more than a diesel truck – and can be fueled in about the same amount of time, though the cost of hydrogen is at least double that of diesel fuel. They can also go farther than battery trucks – Nikola touts a range of up to 500 miles with the hydrogen semi it’s selling in California – but not as far as long-haul diesel models.

Don't think they will, but what... and I know it's a very small chance... but what if they decide to cancel the RS?
They back it up with good news, orders, contracts etc... They solve the problems with Trevor R. Milton... then the SP will rise 💤... can someone wake me up... I'm dreaming LOL

All kidding aside... I just hope NKLA 'doesn't screw the SHers' too much, no matter what they decide. IMHO

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After that filing, we will have further communications and answer questions regarding the proposed reverse stock split. In the meantime, your feedback and questions are encouraged. Please submit to proxy@nikolamotor.com.

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GLTA $NKLA