Market Summary
USD1.51+0.01
Market Closed0.67%
NKLA Stock Price
NKLA RSI Chart
NKLA Valuation
NKLA Price/Sales (Trailing)
NKLA Profitability
NKLA Fundamentals
NKLA Revenue
NKLA Earnings
Price Action
52 Week Range
1.3511.87
(Low)(High)
Last 7 days
-3.2%
Last 30 days
-32.0%
Last 90 days
-36.8%
Trailing 12 Months
-85.1%
NKLA Financial Health
NKLA Investor Care
Peers (Alternatives to Nikola)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CAT | 114.5B | 59.4B | -7.69% | -0.59% | 17.07 | 1.93 | 16.59% | 3.25% |
ITW | 71.0B | 15.9B | -0.02% | 12.01% | 23.39 | 4.45 | 10.22% | 12.62% |
PH | 41.7B | 17.2B | -6.71% | 13.38% | 33.09 | 2.43 | 12.35% | -30.65% |
PCAR | 37.1B | 28.8B | -1.88% | -19.37% | 12.31 | 1.29 | 22.52% | 61.44% |
FTV | 23.3B | 5.8B | -1.58% | 7.15% | 30.82 | 4 | 10.87% | 24.13% |
| MID-CAP | ||||||||
WWD | 5.6B | 2.5B | -4.22% | -24.94% | 32.73 | 2.28 | 9.34% | -13.37% |
OSK | 5.1B | 8.3B | -12.92% | -26.98% | 29.15 | 0.61 | 4.14% | -62.29% |
FELE | 4.2B | 2.0B | -4.25% | 9.71% | 22.48 | 2.06 | 22.97% | 21.70% |
ALSN | 4.0B | 2.8B | -8.56% | 7.43% | 7.57 | 1.45 | 15.28% | 20.14% |
MTOR | 2.6B | 4.3B | 0.61% | 53.23% | 10.31 | 0.6 | 17.80% | 81.88% |
| SMALL-CAP | ||||||||
SHYF | 780.9M | 1.0B | -12.87% | -41.37% | 21.36 | 0.76 | 3.57% | -46.96% |
NKLA | 774.5M | 50.8M | -31.98% | -85.06% | -0.99 | 15.24 | 1229.98% | -13.59% |
BLBD | 643.8M | 907.1M | 6.01% | -4.87% | -12.15 | 0.71 | 32.86% | -1821.33% |
GTEC | 22.0M | 94.6M | -15.87% | -70.29% | 3.19 | 0.23 | -5.17% | -40.82% |
LIQT | 20.8M | 18.1M | -7.10% | -81.92% | -1.42 | 1.15 | 11.47% | -20.89% |
Financials for Nikola
| Income Statement (Last 12 Months) | ||||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -13.9% | 50,825,000 | 59,016,000 | 40,042,000 | 7,548,000 | 3,821,500 |
| Gross Profit | -77.6% | -104,757,000 | -58,995,000 | -28,826,000 | 431,000 | 0.00 |
| Operating Expenses | -2.0% | 643,921,000 | 656,975,000 | 729,252,000 | 724,676,000 | 693,526,000 |
| S&GA Expenses | 2.4% | 370,154,000 | 361,463,000 | 421,527,000 | 412,331,000 | 400,575,000 |
| R&D Expenses | -7.4% | 273,767,000 | 295,512,000 | 307,725,000 | 312,345,000 | 292,951,000 |
| EBITDA | -6.1% | -735,821,000 | -693,387,000 | -731,624,000 | -707,180,000 | - |
| EBITDA Margin | -23.2% | -14.48 | -11.75 | -16.52 | -93.69 | - |
| Earnings Before Taxes | -6.8% | -763,567,000 | -714,998,000 | -747,168,000 | -717,546,000 | -686,854,000 |
| EBT Margin | -24.0% | -15.02 | -12.12 | -16.87 | -95.06 | - |
| Interest Expenses | 55.1% | 4,446,000 | 2,867,000 | 1,378,000 | 883,000 | 797,000 |
| Net Income | -8.7% | -784,238,000 | -721,588,000 | -752,921,000 | -723,155,000 | -690,438,000 |
| Net Income Margin | -26.2% | -15.43 | -12.23 | -17.00 | -95.81 | - |
| Free Cahsflow | -4.5% | -781,186,000 | -747,724,000 | -650,563,000 | -508,802,000 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 6.7% | 1,237 | 1,159 | 1,167 | 910 | 990 |
| Current Assets | -10.3% | 437 | 487 | 545 | 419 | 525 |
| Cash Equivalents | -26.1% | 233 | 316 | 442 | 360 | 497 |
| Inventory | 52.0% | 123 | 81.00 | 52.00 | 26.00 | 12.00 |
| Net PPE | 17.1% | 365 | 312 | 264 | 244 | - |
| Goodwill | 345.9% | 7.00 | 2.00 | 5.00 | 5.00 | 5.00 |
| Liabilities | 19.3% | 710 | 595 | 568 | 288 | 296 |
| Current Liabilities | 38.2% | 384 | 278 | 254 | 184 | 181 |
| Long Term Debt | 3.0% | 292 | 283 | 273 | 25.00 | 25.00 |
| Shareholder's Equity | -6.7% | 526 | 564 | 599 | 622 | 694 |
| Retained Earnings | -12.2% | -2,034 | -1,812 | -1,576 | -1,403 | -1,250 |
| Additional Paid-In Capital | 7.7% | 2,563 | 2,379 | 2,177 | 2,026 | 1,944 |
| Shares Outstanding | 12.7% | 513 | 455 | 433 | 418 | 413 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -6.2% | -576 | -543 | -454 | -379 | -307 |
| Share Based Compensation | -3.6% | 255 | 265 | 211 | 209 | 206 |
| Cashflow From Investing | 7.4% | -221 | -238 | -208 | -216 | -207 |
| Cashflow From Financing | -0.1% | 599 | 599 | 560 | 217 | 188 |
Risks for NKLA
What is the probability of a big loss on NKLA?
63.4%
Probability that Nikola stock will be more than 20% underwater in next one year
56.2%
Probability that Nikola stock will be more than 30% underwater in next one year.
56.2%
Probability that Nikola stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does NKLA drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Nikola was unfortunately bought at previous high price.
Drawdowns
Returns for NKLA
Cumulative Returns on NKLA
-48.2%
3-Year Cumulative Returns
Which funds bought or sold NKLA recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-23 | ETF MANAGERS GROUP, LLC | new | - | 256,729 | 256,729 | 0.01% |
2023-03-23 | MetLife Investment Management, LLC | added | 6.23 | -205,051 | 383,905 | -% |
2023-03-17 | American Portfolios Advisors | reduced | -2.69 | -3,718 | 9,539 | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 17.43 | -30,350 | 78,650 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -96.06 | -251,000 | 6,000 | -% |
2023-02-28 | Voya Investment Management LLC | added | 12.65 | -124,479 | 279,521 | -% |
2023-02-27 | Parallax Volatility Advisers, L.P. | added | 158 | 85,651 | 230,651 | -% |
2023-02-24 | SRS Capital Advisors, Inc. | reduced | -99.84 | -10,989 | 11.00 | -% |
2023-02-24 | NATIXIS | new | - | 226,800 | 226,800 | -% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -2.23 | -2,153 | 2,847 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Nikola News
Schedule 13G FIlings of Nikola
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | norges bank | 7.01% | 33,581,371 | SC 13G/A | |
| Feb 13, 2023 | t&m residual, llc | 7.7% | 39,876,497 | SC 13D | |
| Feb 09, 2023 | vanguard group inc | 6.58% | 31,513,851 | SC 13G | |
| Jan 05, 2023 | ya ii pn, ltd. | 0% | 0 | SC 13G/A | |
| Mar 10, 2022 | norges bank | 5.05% | 20,879,125 | SC 13G | |
| Dec 01, 2021 | m&m residual, llc | 12.0% | 48,361,144 | SC 13D/A | |
| Nov 24, 2021 | m&m residual, llc | 12.8% | 51,652,457 | SC 13D/A | |
| Aug 20, 2021 | m&m residual, llc | 15.9% | 63,361,144 | SC 13D/A | |
| Jun 30, 2021 | green nikola holdings llc | 4.9% | 19,227,033 | SC 13D/A | |
| May 14, 2021 | m&m residual, llc | 20.1% | 79,059,795 | SC 13D/A |
NKLA Fair Value
Nikola fair value in different scenarios
The table shows the Fair Value estimates for Nikola for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 0.23 -84.77% | 0.26 -82.78% | 0.36 -76.16% | 0.52 -65.56% | 0.85 -43.71% |
| Current Inflation | 0.23 -84.77% | 0.26 -82.78% | 0.34 -77.48% | 0.48 -68.21% | 0.76 -49.67% |
| Very High Inflation | 0.23 -84.77% | 0.25 -83.44% | 0.32 -78.81% | 0.43 -71.52% | 0.66 -56.29% |
Historical Nikola Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Nikola
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 24, 2023 | 424B3 | Prospectus Filed | |
| Mar 24, 2023 | 424B3 | Prospectus Filed | |
| Mar 24, 2023 | 8-K/A | Current Report | |
| Mar 20, 2023 | 424B3 | Prospectus Filed | |
| Mar 20, 2023 | 424B3 | Prospectus Filed | |
| Mar 20, 2023 | 8-K | Current Report | |
| Mar 17, 2023 | 424B3 | Prospectus Filed | |
| Mar 17, 2023 | 424B3 | Prospectus Filed | |
| Mar 16, 2023 | 305B2 | 305B2 | |
| Mar 16, 2023 | 8-K | Current Report |
Latest Insider Trading transactions for NKLA
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-06 | Lohscheller Michael | sold | -58,846 | 2.112 | -27,863 | chief executive officer |
2023-03-06 | Mendes Carey | sold | -2,726 | 2.112 | -1,291 | president, energy |
2022-12-30 | SHINDLER STEVEN M | gifted | - | - | -30,000 | - |
2022-12-30 | RUSSELL MARK A | sold | -165,891 | 2.21188 | -75,000 | - |
2022-12-30 | RUSSELL MARK A | acquired | 79,500 | 1.06 | 75,000 | - |
2022-12-29 | RUSSELL MARK A | acquired | 79,500 | 1.06 | 75,000 | - |
2022-12-29 | RUSSELL MARK A | sold | -175,420 | 2.33894 | -75,000 | - |
2022-12-28 | RUSSELL MARK A | acquired | 79,500 | 1.06 | 75,000 | - |
2022-12-28 | RUSSELL MARK A | sold | -173,104 | 2.30806 | -75,000 | - |
2022-12-27 | RUSSELL MARK A | sold | -183,306 | 2.44408 | -75,000 | - |
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector. The Energy business unit develops and constructs a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation is headquartered in Phoenix, Arizona.
NKLA Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenues: | |||
| Revenue | $ 50,825,000 | $ 0 | $ 95,000 |
| Cost of revenues: | |||
| Cost of revenues | 155,582,000 | 0 | 72,000 |
| Gross profit (loss) | (104,757,000) | 0 | 23,000 |
| Operating expenses: | |||
| Research and development | 273,767,000 | 292,951,000 | 185,619,000 |
| Selling, general and administrative | 370,154,000 | 400,575,000 | 182,724,000 |
| Impairment expense | 0 | 0 | 14,415,000 |
| Total operating expenses | 643,921,000 | 693,526,000 | 382,758,000 |
| Loss from operations | (748,678,000) | (693,526,000) | (382,735,000) |
| Other income (expense): | |||
| Interest income (expense), net | (17,740,000) | (481,000) | 202,000 |
| Loss on forward contract liability | 0 | 0 | (1,324,000) |
| Revaluation of warrant liability | 3,874,000 | 3,051,000 | 13,448,000 |
| Other income (expense), net | (1,023,000) | 4,102,000 | (846,000) |
| Loss before income taxes and equity in net loss of affiliates | (763,567,000) | (686,854,000) | (371,255,000) |
| Income tax expense (benefit) | 6,000 | 4,000 | (1,026,000) |
| Loss before equity in net loss of affiliates | (763,573,000) | (686,858,000) | (370,229,000) |
| Equity in net loss of affiliates | (20,665,000) | (3,580,000) | (637,000) |
| Net loss | (784,238,000) | (690,438,000) | (370,866,000) |
| Premium paid on repurchase of redeemable convertible preferred stock | 0 | 0 | (13,407,000) |
| Net loss attributable to common stockholders | $ (784,238,000) | $ (690,438,000) | $ (384,273,000) |
| Net loss per share attributable to common stockholders: | |||
| Basic (in dollars per share) | $ (1.78) | $ (1.73) | $ (1.15) |
| Diluted (in dollars per share) | $ (1.78) | $ (1.74) | $ (1.18) |
| Weighted-average shares outstanding: | |||
| Basic (in shares) | 441,800,499 | 398,655,081 | 335,325,271 |
| Diluted (in shares) | 441,800,499 | 398,784,392 | 335,831,033 |
| Truck sales | |||
| Revenues: | |||
| Revenue | $ 45,931,000 | $ 0 | $ 0 |
| Cost of revenues: | |||
| Cost of revenues | 150,204,000 | 0 | 0 |
| Service and other | |||
| Revenues: | |||
| Revenue | 4,894,000 | 0 | 95,000 |
| Cost of revenues: | |||
| Cost of revenues | $ 5,378,000 | $ 0 | $ 72,000 |
NKLA Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 233,405 | $ 497,241 |
| Restricted cash and cash equivalents—current | 10,600 | 0 |
| Accounts receivable, net | 31,900 | 0 |
| Inventory | 123,197 | 11,597 |
| Prepaid expenses and other current assets | 37,824 | 15,891 |
| Total current assets | 436,926 | 524,729 |
| Restricted cash and cash equivalents | 78,959 | 25,000 |
| Long-term deposits | 34,279 | 27,620 |
| Property, plant and equipment, net | 437,006 | 244,377 |
| Intangible assets, net | 93,094 | 97,181 |
| Investment in affiliates | 72,816 | 61,778 |
| Goodwill | 6,688 | 5,238 |
| Prepayment - long-term supply agreement | 44,835 | 0 |
| Other assets | 32,055 | 3,896 |
| Total assets | 1,236,658 | 989,819 |
| Current liabilities | ||
| Accounts payable | 117,914 | 86,982 |
| Accrued expenses and other current liabilities | 202,562 | 93,487 |
| Debt and finance lease liabilities, current (including $50.0 million and zero measured at fair value, respectively) | 63,114 | 140 |
| Total current liabilities | 383,590 | 180,609 |
| Long-term debt and finance lease liabilities, net of current portion | 291,627 | 25,047 |
| Operating lease liabilities | 28,223 | 2,263 |
| Warrant liability | 421 | 4,284 |
| Other long-term liabilities | 6,303 | 84,033 |
| Deferred tax liabilities, net | 15 | 11 |
| Total liabilities | 710,179 | 296,247 |
| Commitments and contingencies (Note 14) | ||
| Stockholders' equity | ||
| Preferred stock, $0.0001 par value, 150,000,000 shares authorized, no shares issued and outstanding as of December 31, 2022 and 2021 | 0 | 0 |
| Common stock, $0.0001 par value, 800,000,000 and 600,000,000 shares authorized as of December 31, 2022 and 2021, respectively, 512,935,485 and 413,340,550 shares issued and outstanding as of December 31, 2022 and 2021, respectively | 51 | 41 |
| Additional paid-in capital | 2,562,855 | 1,944,341 |
| Accumulated deficit | (2,034,850) | (1,250,612) |
| Accumulated other comprehensive income (loss) | (1,577) | (198) |
| Total stockholders' equity | 526,479 | 693,572 |
| Total liabilities and stockholders' equity | $ 1,236,658 | $ 989,819 |