Nikola Corporation (NKLA) Options

Tesla Semi fire in California took 50,000 gallons of water to extinguish
Published Fri, Sep 13 2024
https://www.cnbc.com/2024/09/13/tesla-semi-fire-needed-50000-gallons-of-water-to-extinguish.html

Key quotes:

Tesla CEO Elon Musk first showed off the Semi truck design at an event in November 2017, promising it would come to market in 2020. The company still has not started producing the trucks in high volume, but it is building out production lines at its Nevada facility.

“Preparation of Semi factory continues and is on track to begin production by end of 2025,” Tesla said in its second-quarter earnings report in July.

The NTSB report confirmed that Tesla’s driver-assistance systems, which are marketed as Autopilot and Full Self-Driving (Supervised) in the U.S., were not “operational” at the time of the Semi collision and fire.

Nice close today, near HOD, on decent volume.

New low achieved almost every day now, quality management at its best, wonder how much they are diluting daily?

At this rate they will be ready for another RS within the next 6 to 9 months.

all jmho

"Otherwise you wouldn't keep dropping bulletpoints in every paid post you create."

maybe thats because im trying to make a point and not just asking silly questions or making silly accusations...

"People with agendas but without shares shouldn't need to feel so compelled to share their opinion"

you mean if had bought shares and were losing money hand over fist, it would be ok for me to post my opinions?...

frankly im quite happy to not be losing money...i prefer to make money...

"unless you are trying to steal from people."

that kind of mentality is why many say that maybe the stock market isnt for everyone...investors lose money and they feel the need to blame someone for their mistakes...and often times create imaginary conspiracies...

i have no problem with shorting a stock...i have no problem saying i was shorting, if i was...i had every intenetion of shorting the snot out of nkla, but i got sidetracked and never got around to it...i wish i HAD shorted nkla...i would have made a lot of money...but oh well...

Is this a joke? I'm really puzzled, as it doesn't make sense to me on many levels, however, this guy has 297K subscribers.

Elon Musk: 'I Just Released My Water Engine, I Will DESTROY The Entire Car Industry AGAIN'"

Cosmos Lab
297K subscribers
Posted Sep 7, 2024

Musk made this surprise announcement through a post on X, which used to be called Twitter. He shared that Tesla is shifting its focus from battery power to hydrogen power. This change comes after Tesla faced challenges with their 4,680 battery cells, leading them to rethink their energy strategy. As the news spread, the world waited with bated breath, wondering how this shift would reshape the future of energy, not just for Tesla, but for the entire automotive industry.

The water engine is not just another option; it's a major innovation that could completely transform the automotive industry and beyond. With this, Tesla hopes to lead the way to a more sustainable future, staying true to Musk's commitment to technological progress and environmental care.

Otherwise you wouldn't keep dropping bulletpoints in every paid post you create.

People with agendas but without shares shouldn't need to feel so compelled to share their opinion...unless you are trying to steal from people.

Electric TRUCKS with CEO of Nikola Corporation Steve Girsky - Cars and Culture Episode #169

Cars and Culture with Jason Stein
30.1K subscribers
Posted Sep 5, 2024

For our 169th episode of Cars and Culture™ with Jason Stein, we are joined by CEO of Nikola Corporation Steve Girsky. Topics of discussion include electric and hydrogen powered trucks, marketing focus, breakthroughs on the future of hydrogen, EVs, and self driving vehicles, and much more!

Timestamps
0:00 - Intro
2:14 - What the Nikola Corporation is and does
4:55 - Hydrogen fuel cells are practically here now
12:28 - Putting their focus on the North America region for now
13:42 - Modular fueling stations
15:21 - What their dealer market looks like
19:24 - Analysis of the car & EV market
24:34 - From Wall Street to the car industry
33:19 - Breakthroughs in batteries and hydrogen
36:37 - Opinion on self-driving vehicles
40:06 - Steve’s best phrases

"Yet. You keep posting. Obviously you have am objective."

yes i do...its to post my opinion...thats what mesage boards are for...

are you ever going to post an opinion on the stock or company?...or are you going to just fixate on me?..lmao

the stock has dropped like a rock in the past year...it has reverse split and dropped 50% since...then the company announced an offering....dilution is killing shareholder value...

but the REALLY BIG question is why am i posting my opinions on an open forum like a message board?...THAT'S the big concern??...LOL

Yet. You keep posting. Obviously you have am objective.

Remembering 911.

Repost from Stocktwits board, courtesy of Urfin.
https://www.bloomberglaw.com/public/desktop/document/NikolaCorporationPetitionervTrevorRMiltonRespondentNoCV2302635PHX?doc_id=X1VH65OBG000N

DNU, I was confused by it as well. A Google search revealed an article that basically says the same things as the video. The article was written by a writer in India. A car that runs on water makes absolute no sense to me, as it requires a lot of energy to produce hydrogen from water (an inefficient process), you also need 9 gallons of water to produce one gallon of hydrogen. My guess is that it was written by an uninformed individual.

So the wife picked me up from the floor with smelling salts

NKLA actually opened the day UP

(the 5.34 was nonsensical but can it hold say 5.15

$5 has meaning - or any pps above it ----

when NKLA goes to market to raise cash - doing it at $5 v 50 cents is night and day

so
listened to about 3 minutes
they call it a WATER engine but it is H
the pictures suggest -- ? - water is sprayed inside the engine and poof the car goes forward

Am I right to assume this WATER car is a hydrogen fuel cell car
Am I right to assume this is the TECH that Toyota and BMW (what a team) are aiming for 2028 to deliver to the market and in other media sure seemed like a fuel cell approach similar to NKLA?

my comment when I posted it - was - it is out there in time and its cars but it is solid comfort to those buying H trucks from NKLA that this technology is real and has a big future

Milton owes Nikola $168M, that would cover one or two quarters of capital required while production is ramped up

https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3KS1ER:0-convicted-nikola-founder-milton-owes-electric-truck-maker-168-million-judge-rules/

Convicted Nikola founder Milton owes electric truck maker $168 million, judge rules
Sep 10, 202419:38 EDT

A U.S. judge said Trevor Milton, the Nikola
NKLA
founder who was sentenced to four years in prison after being convicted of fraud, must pay the electric truck maker $167.7 million for making false and misleading statements about the company to the public.

In a decision on Monday, U.S. District Judge Diane Humetewa in Phoenix upheld a divided arbitration panel's November 2023 award in Nikola's favor.

Humetewa said the panel acted within its authority in interpreting a separation agreement that Milton entered when he resigned as Nikola chief executive in September 2020.

The panel found Milton liable to pay $121.25 million, or 97%, of Nikola's $125 million fine from settling a U.S. Securities and Exchange Commission civil fraud case, and to cover nearly $46.5 million in legal fees and expenses.

Milton, 42, argued the award was excessive and amounted to "rough justice" because the panel ignored the "relative fault" of other Nikola executives, directors and employees.

But the judge said the panel's analysis was plausible, including its assigning 3% fault to the Phoenix-based company for failing to stop Milton from misleading investors.

Lawyers for Milton did not immediately respond to requests for comment on Tuesday.

Marc Kasowitz, a lawyer for Nikola, said the company was "gratified but not surprised" at the decision, in light of Milton's "pattern of false and misleading public statements. We look forward to collecting the award."

Jurors in Manhattan convicted Milton in October 2022 on two counts of wire fraud and one count of securities fraud, after prosecutors said he lied to investors about Nikola's technology.

Prosecutors said Milton's improper statements included that Nikola built a pickup from the "ground up," developed batteries he knew it was buying elsewhere, and had made progress in creating a "Nikola One" semi-truck he knew did not work.

Milton is free on bail while he appeals his conviction and December 2023 sentence.

The case is Nikola Corp v Milton, U.S. District Court, District of Arizona, No. 23-02635.

nkla has been dropping like a rock well BEFORE i ever posted here...nkla executives dont need my help in screwing up the company or stock...they are doing a fine job of it all by themselves...

ive only posted here a few times, factually and correctly...i dont own the stock nor am i short...I WAS waiting for them to r/s before shorting the snot out of it...but they took too long and i forgot about them until just recently...its dropped so much, i just dont feel the need to bother at this point...i have other things going on...

why it would bother anyone that i post opinions that turn out to be correct, is beyond me...lol...its a MESSAGE BOARD...anyone can post...no one's permission or consent is needed...

Yes...the fact that you obviously don't own shares means that you have no other reason post here.

Posted 7 days ago.

DNU, I believe the areas of research are new.
https://content.govdelivery.com/accounts/USEERE/bulletins/3b4d4df

Potential topic areas include:

- Photoelectrochemical (PEC) Water Splitting Device Scale Up will develop and demonstrate PEC water splitting devices using low-cost, scalable synthesis and fabrication techniques.
- High-Performance Materials for Hydrogen Service, Including Cryogenic and/or High-Pressure Conditions will develop advanced materials for use in high-pressure hydrogen storage tanks, cryogenic service conditions, and fiber reinforced polymer hydrogen pipelines.
- Sustainable High-Temperature Proton Exchange Membranes and Ionomers for Heavy-Duty Transportation Applications will develop membranes and ionomers (key components of fuel cells) suitable for high temperature operation (up to 120°C) in heavy-duty fuel cell applications, without the use of perfluorosulfonic acid.
- Domestic Hydrogen Fuel Cell Electric Motorcoach Bus Development and Demonstration will develop and demonstrate domestically produced fuel cell electric motorcoach buses suitable for long-haul service.

Speculation to trade - a solid yes, to hold long term absolutely not (throwing your money away). Management clearly cares little about the retail investor, they will end up doing another RS (before the end of the first quarter next year in my opinion). Management will just issue compensatory shares to themselves afterwards to make up for any losses they incurred. Based on the current performance of the management team, I give the company 30-40% chance of survival.
Most likely they will be bought by a major player for any valuable technology and then shut down. There is no EV here, simply a tradeable stock, mainly to the downside.

JMHO

So
If those of us who still think the stock is a solid speculation - FEAR buying shares due to concern over MORE or worse dilution than say 50 Million more shares for $5 for $250M more new cash (on top of the current debenture) ------- then who is buying and what supports a $5 or so stock price ?

We
Thank you

Anything new or different?

donotunderstand was contemplating buying more shares at 5 bucks...i was suggesting he wait and posted the reasons why...the guy has admitted his previous investment in nkla is a lost cause...and for some unknown reason hes decided that throwing good money after bad is the way to go...

and so, the stock hits ANOTHER all time low today...well below 5 bucks...

but I'M the bad guy?...for calling it right?...

Hydrogen and Fuel Cell Technologies Office, DOE Issues Notice of Intent for Funding to Advance Hydrogen and Fuel Cell Technologies to Drive National Decarbonization
September 10, 2024
https://content.govdelivery.com/accounts/USEERE/bulletins/3b4d4df

He only has one goal and that's to have this company survive.
?
Is the above bad ?

Or are you saying --- with this goal - he will R/S and use equity as needed - so beware owning current equity shares?

(I have not read the arrangements on the stock officers and CEO own !!! I assume the prior to R/S stock got beat up just like ours did - no different. 1/30. I assume they then gave themselves more stock but did they give so much that they came out even ? Summary - as the CEO and CFO and BOT beat up on current equity to stay alive long enough to make a profit ---- is their stock also beat up as one would at first assume

You do know the poster you are replying to is just here for FUD. Everything being said is already known. If you are nit interested a stock, why post here? Because he is interested in shorting.

Please wait to buy more stock until after the R/S which will i think will come in the near future. I'm not a bear, i still hold January 25 calls that will expire worthless. I made money on my shares that I owned but will lose my complete investment on the calls. The CEO doesn't care about stockholders, he will dilute shareholder value until you own very little of the company. He only has one goal and that's to have this company survive. I belive this company will be successful but only by a buyout, but who will have enough stock ( the management will ) to make it worth one's while to wait for this to happen!

so
go ahead and short
and I will stay long and at some point buy more - I think

and we will NOT agree --- but agree to disagree !!

yes
I posted how Toyota and BMW are investing big for 2028 in H - fuel cells as I read the article a few days ago and posted I hope

but hey, maybe thats has changed in the last hour...
i doubt it......
https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001731289
https://ih.advfn.com/stock-market/NASDAQ/nikola-NKLA/stock-news/94493145/form-144-report-of-proposed-sale-of-securities
https://ih.advfn.com/stock-market/NASDAQ/nikola-NKLA/stock-news/94509146/form-4-statement-of-changes-in-beneficial-owners

"Actual number of shares outstanding now is tiny - small"

and ill add that the actual number of shares outstanding was 1.36 billion before the r/s....it only looks small now because of the r/s...which so far has crushed long term shareholders...

so far the record shows that nkla really doesnt give a damn about their shareholders...

but hey, maybe thats has changed in the last hour...

"Actual number of shares outstanding now is tiny - small"

o/s is 51 mil...they put out about 8 filings on August 19 for all sorts of money grabs involving selling shares , warrants etc...looks like they gave themselves the ability to sell up to $500 mil in shares...normally a company will give themselves the ability to sell X number of shares...nkla did not limit themselves to a certain number of shares...nkla has just a dollar amount...im guessing they knew the stock price was falling and would continue to fall as they diluted...and they need a lot of cash and intend to sell however many shares they need to and didnt want to be constrained by a difinitive amount of shares...on August 19, nkla closing price was $7.36...3 weeks ago....something tells me there is a lot of dilution ongoing at this time...unless there are a whole heck of a lot of investors bailing out....and that doesnt bode well for a grand slam...actually, neither scenario bodes well for a grand slam...

"so when revenues ramp and ramp the sales per share will be huge"

if sales and revenue rise, you can bet the dilution will also...

NKLA new 52 week low

"I speculate for the grand slam and this could be it"

well it sure isnt now...and hasnt been for years...nkla has dropped 50% in the last 2 months...and it has dropped like a rock in the last year...adjusted for the recent r/s nkla has dropped from 51 bucks to 5 bucks...

i love to find stocks that have the potential to be a grand slam...but the fact that they have dropped like a rock doesnt make them a potential grand slam...and the fact that the ceo says they will curtail expenses, consider various forms of financing, utilize "synergies" and all the other buzz words, doesnt really mean much...every company on earth says the same stuff...oh and of course they intend to expand rapidly in the middle of all this...

how?...dilution...

Posted 2 hrs ago.

Should I buy at $5

hhmm

future growth in sales of trucks and H and credits
cash situation unhealthy

Is $5 low enough to win over the next 160M of dilution

Actual number of shares outstanding now is tiny - small - so when revenues ramp and ramp the sales per share will be huge

just an aside for this board

90% of what is now a retirement nest egg is invested in index or mutual funds (25% cash with 4-5 -5.4 % interest now) CJLXX available via brokerage

even more in value of Real Estate - home and investment

I speculate for the grand slam and this could be it

“ having lost a bet or two before and won as many -- or more --- right now - with what I know - this is a good speculative bet (be it with "what is left" or new money --- it is the same bet )”

Try investing..

Nkla’s previous ceo was sentenced to prison for fraud…it is believed investors at that time lost $660 mil…

Now they did a 1-30 reverse split 2 months ago and are now at a 50% loss from there…

There’s no point in trying to compare Nkla with anyone else…the stock is in the crapper and the company is desperately trying to survive…

This isn’t a bet…it’s a spin of the wheel at 50 to 1…that’s not to say miracles can’t happen…but I think I will wait for that miracle before I even think about buying shares…

Even if I wait that long, I can still make good money…and with a whole lot less risk…

I feel like anyone buying now is just trying to catch a falling knife…

Indeed - those of us in the stock a while - at present have lost

ok - that is history - and done with

any and all of us who "lost" face the exact same questions today as any new investor

it is a bet

having lost a bet or two before and won as many -- or more --- right now - with what I know - this is a good speculative bet (be it with "what is left" or new money --- it is the same bet )

The early days of TSLA were equally touch and go

There is no doubt Nkla is diluting the stock…

The stock did a reverse split at about 35 cents…without taking the r/s into consideration, the stock is now at 17 cents…

If that has happened without much dilution, then Nkla is in far more trouble than anyone thinks…

The one thing that is clear, is that if they need to build out bigger and faster, then they will need to dilute even more…and faster…

And the bet was for new investors who are contemplating buying in…imo, long term investors here have already lost…

“Musk is against Hydrogen as it is serious competition - he does not care about efficient or not - but profit on EV”

Must thinks EV is the way to go and is the future of transportation…that’s why he built an EV company…and that company is highly successful and builds the best EV’s around…

The idea that he’s against hydrogen because it’s competition doesn’t fly…he has ALWAYS viewed EV as the better option…he has ALWAYS viewed hydrogen as far too expensive and not economically viable…

“Hydrogen does need FED and STATE help for at least 5 more years”

More likely they will need help forever…everyone is counting on prices going down as the hydrogen industry grows…growth won’t help…joe citizen will bear the burden if Fed money dries up…and it will be a HEAVY burden…

Motley
Article by Howard Smith is fair --- while I disagree with his conclusion !!!

Buying now is a BET or Sepculation that NKLA can build out fast enough - to gain revenue of size fast enough - to not overly diluted with too many new shares

And I know this is not a group focused on the $$ data - but the below from article seems wrong --- i.e. too low a cash burn ???

The company ended the second quarter with $256 million in unrestricted cash. But as CFO Tom Okray noted on the company's second-quarter conference call with investors, that was $90 million below where it began the quarter.

Maybe the 90M is not burn but burn reduced by new stock sales (cash in from dilution)?

Musk is against Hydrogen as it is serious competition - he does not care about efficient or not - but profit on EV - IMO

Trump and his tariffs and anti democratic actions is a danger to all industries and has historically wanted only GAS cars - and has been anti EV as well

The inflation from huge tariffs on China and then 10-15% across the board would be crazy high (while tahe creates more and more poorly distributed deficit inducing actions)

Wall Street does not like his current economic approaches - like accelerating the emptying of the Social Security Trust Fund by stopping the refill from taxing those now on it. Again he puts more burden on my kids and grand kids ------ as I am on Social Security and fully adjusted to paying taxes on 85%. (Yes that is a renege on the very original promise 3 generations ago --- but it is built in now)

Hydrogen does need FED and STATE help for at least 5 more years --- of the type MUSK and EV got !!

This could spell trouble for hydrogen stocks if Trump gets elected, as Elon Musk is against hydrogen (due to lower efficiencies), and against subsidies for hydrogen. Thoughts?

Trump says he will tap Musk to lead government efficiency commission if elected
By Helen Coster and Gram Slattery
September 6, 20243
https://www.reuters.com/world/us/trump-adopt-musks-proposal-government-efficiency-commission-wsj-reports-2024-09-05/

not sure how the stock price goes up

but for those thinking of buying an H powered truck - now --- this article about the plans of two major car companies is REASSURANCE ? (best I understand - this is fuel cell to engine/battery - like NKLA)

https://www.investopedia.com/bmw-toyota-to-collaborate-on-hydrogen-fuel-cell-technology-8707057

on the softer brighter side

other then a large decline HIGH volume day Aug 19

the large drop in value in PPS is on mostly low volume days

and bluntly - i as one who still sees a future (math will wait on EPS etc.) - am not buying as i know there is more dilution ---- which perversely is encouraging (i.e. at some PPS time to double up?)