NKLA Stock: Fed Comes To The Rescue With The Prospects Of Lower Interest Rates.

Shares of several companies in the broader industrial sector are trading higher amid overall market strength after the Fed left rates unchanged, with most Fed officials seeing rate cuts in 2024-2026.

Lower interest rates mean cheaper access to capital. For a company like Nikola, which operates in capital-intensive industries such as electric vehicles, lower interest rates can reduce the cost of borrowing money for expansions, research and development.

It could potentially make it more affordable for Nikola to fund its projects, invest in technology and grow its operations.

Nikola Corp NKLA reported Q3 FY23 sales of $(1.73) million, vs. $24.2 million a year ago, significantly missing the consensus of $13.3 million.

Nikola didn't produce any trucks in Q3, vs. 75 last year. It shipped 3 trucks, down from 63 in the same period in 2022.

Nikola said, to date, 35 customers have placed orders for over 277 hydrogen fuel cell electric trucks. The company specified that it received purchase orders for 47 battery-electric trucks from one dealer despite the truck being in recall.

"We think the competition is well behind us and believe there is white space for us to capture market share with the introduction of the Advanced Clean Fleets Rule, and incentives like HVIP and ISEF offering up to $288,000 and $408,000, respectively, per hydrogen fuel cell electric truck in California," said Nikola CEO Steve Girsky.

Nikola expects higher cost related to truck recall that will increase required capital to achieve profitability in 2025, as per Reuters.

Nikola Corporation expands dealer network into Canada for its Class 8 truck sales and service coverage with the addition of ITD Industries Inc.
Briefing.com 7:58 AM ET, 09/15/2023.

Nikola (NKLA) plans to deliver the hydrogen fuel cell electric trucks to dealers in late September and early October, Chief Executive Steve Girsky said late Wednesday in a Fireside Chat and Q&A session for stockholders.---01:59 PM EDT, 09/14/2023 (MT Newswires).

Nikola Corporation and J.B. Hunt Transport Services Inc. (JBHT) announce an agreement in which subsidiary J.B. Hunt Transport Inc. will purchase 13 Nikola zero-emission Class 8 trucks as the transportation company focuses on its sustainability efforts and reducing the intensity of its carbon emissions. Briefing.com. 7:57 AM ET, July 31, 2023.

Powering the future: Our #fuelcell power module is now in volume production! 🔋 Nikola Corporation, based in the U.S., will serve as the pilot customer.----https://twitter.com/boschglobal/statu...

Highly shorted Nikola jumps as retail army scoops up shares after BayoTech deal.---Reuters 10:20 AM ET, 07/14/2023

Nikola said on Wednesday that wholesale and retail sales of its electric vehicles jumped in the second quarter from the first, a positive sign for the startup that has been grappling with a cash crunch and stiff competition.
The company said retail sales of its trucks doubled to 66 in the quarter, while wholesale figure rose to 45 from 31.---10:31 AM ET, 07/05/2023 - Reuters.


Why Nikola Continued to Rocket Higher Today: Nikola is on track to gain enough shareholder support for an important proposal that will help it raise future capital. Signs that inflation is easing could also help reduce the cost of future capital. Other companies are working to add hydrogen fueling infrastructure for Nikola customers.---By Howard Smith – Jun 14, 2023 at 11:06AM---https://www.fool.com/investing/2023/0...
Is NKLA a good stock to buy? Is Nikola undervalued? The consensus among 4 Wall Street analysts covering (NASDAQ: NKLA) stock is to Buy NKLA stock. Is Nikola still in business? Yes Nikola is still in business. Lohscheller, one of the company's top executives, stated during the company's Q1 earnings: We have the right products at the right time, and as we move forward, we will be focusing on the North American market, hydrogen fuel cell trucks, the HYLA hydrogen refueling business, and autonomous technologies.Will NKLA survive? There is a good chance it can survive. Does Nikola stock have a future? Should I hold or sell Nikola? Where will Nikola stock be in 5 years? Is Nikola in debt?


nkla stock, nikola stock, nkla, nikola, nikola motors, nikola truck, nio stock, nkla stock news, nikola news, plug stock, lordstown motors, nikola corporation, nikola stock analysis, stocks to buy now, good shares to buy today, nikola motor, nikola trucks, quantum battery metals, 니콜라.