Anybody consider in a NKLA leap after earnings name?

Zack’s presently ranks Nikola Motor as a purchase. Forecasted at a median goal worth of $5, double their present worth, a mean of $6.71 and a projected excessive of $15.

Nikola has a working product within the BEV semi and has been producing a whole lot of vans, with the FCEV mannequin being launched this 12 months with a whole lot pre-ordered already.

Nikola named a brand new CEO this quarter who has a long time of trade expertise together with CFO of Mitsubishi, CFO of Volkswagen Group, and CEO of Opal.

This quarter it was introduced Nikola obtained California’s CARB advantages eligibility which gives gross sales incentives of $240,000 to $280,000 per truck. In addition to eligible for a $40,000 clear business automobile tax credit score from the federal authorities.

Part 3 of their manufacturing facility in Arizona is nearing full with the power to extend manufacturing to twenty,000 vans per 12 months at that manufacturing facility not together with their three way partnership with IVECO manufacturing facility in Germany.

Nikola additionally launched their hydrogen enterprise HYLA. Devoted to procuring, producing and distributing hydrogen gas for truck.

Is there a powerful case that Nikola is price greater than its present share worth?


submitted by /u/mackinoncougars

Source link

Related articles

Gold Costs, Actual Yields And Paradigm Shifts

Simply over a yr in the past, we took a snapshot of the connection between gold costs and actual rates of interest, as indicated by the yield on inflation-adjusted 10-year fixed maturity...

The Final of Us on PC is a uncommon disappointing PlayStation port at launch

I used to be anticipating to jot down about how The Final of Us Half I arriving on PC is the newest instance of an amazing PC port of a Sony PlayStation title....

Greenback soothed by uneasy market calm By Reuters

© Reuters. FILE PHOTO: U.S. Greenback banknotes are seen on this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Alun John LONDON (Reuters) - The greenback steadied in opposition to most main friends on...

Russia Indefinitely Delays Digital Ruble Pilot

Russia has delayed its deliberate central financial institution digital foreign money (CBDC) rollout with out offering any additional timeline. The testing of the digital ruble was scheduled to start out on 1 April. In...

European shares get tech carry, UBS climbs on naming Ermotti as CEO By Reuters

© Reuters. FILE PHOTO: The German share worth index DAX graph is pictured on the inventory trade in Frankfurt, Germany, March 28, 2023. REUTERS/Workers By Sruthi Shankar (Reuters) -European shares rose on Wednesday, echoing...

Latest articles


Please enter your comment!
Please enter your name here