The earnings call highlighted significant achievements in sales and sustainability, with strong customer feedback. However, financial challenges and cash constraints were prominent concerns.

Company Guidance

During the third quarter of 2024, Nikola Corporation delivered several key metrics and guidance highlights. The company reported record sales of 88 hydrogen fuel cell electric trucks, aligning with their guidance range of 80 to 100 trucks for the quarter. Nikola reiterated its year-end guidance for fuel cell electric vehicle deliveries between 300 and 350 trucks. Year-to-date, there was a 78% increase in fuel cell electric vehicle fleet adoption and a 350% rise in hydrogen fuel dispensed at commercial stations. The company achieved a milestone of over 4 million validation miles across its fleet, avoiding more than 6,000 metric tons of CO2 emissions. Nikola continued expanding its dealer network, now totaling 19 locations across the U.S., and emphasized its position as a leading player in North America's heavy-duty fuel cell electric vehicle market with over 90% market share. Additionally, the company plans to deliver 10 HYLA fueling solutions by year-end and has recorded substantial growth in hydrogen dispensing, reaching over 210 metric tons year-to-date.

Record Sales of Hydrogen Fuel Cell Electric Trucks

Nikola reported record sales of hydrogen fuel cell electric trucks with a 78% growth in fuel cell electric vehicle fleet adoption and a nearly 350% increase in hydrogen fuel dispensed at commercial stations.

Expansion of Dealer Network

Nikola expanded its dealer network for the first time since the launch of the fuel cell electric vehicle, allowing more access to both Nikola fuel cells and BEVs in Southern California.

Sustainability Achievements

Nikola's trucks have avoided over 6,000 metric tons of CO2 emissions, equivalent to emissions from over 1,500 gasoline-powered cars in a year.

Positive Customer Feedback and Adoption

Positive feedback and increased adoption from national fleet partners like J.B. Hunt, Kenan Advantage Group, and DHL for Nikola's trucks.

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Nikola (NKLA) Earnings, Revenues Date & History

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NKLA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 04, 2020	2020 (Q2)	- / -4.80	0.898	-634.52% (-5.70)	―	―
Nov 09, 2020	2020 (Q3)	- / -4.80	0.769	-724.19% (-5.57)	―	―
Feb 25, 2021	2020 (Q4)	- / -5.10	0.276	-1947.83% (-5.38)	―	―
May 07, 2021	2021 (Q1)	-8.23 / -4.20	-3.165	-32.70% (-1.04)	―	―
Aug 03, 2021	2021 (Q2)	-9.03 / -6.00	-4.8	-25.00% (-1.20)	―	―
Nov 04, 2021	2021 (Q3)	-7.58 / -6.60	-4.8	-37.50% (-1.80)	―	―
Feb 24, 2022	2021 (Q4)	-9.52 / -6.90	-5.1	-35.29% (-1.80)	―	―
May 05, 2022	2022 (Q1)	-7.45 / -6.30	-4.2	-50.00% (-2.10)	―	―
Aug 04, 2022	2022 (Q2)	-7.96 / -7.50	-6	-25.00% (-1.50)	―	―
Nov 03, 2022	2022 (Q3)	-10.93 / -8.40	-6.6	-27.27% (-1.80)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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NKLA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$4.23	$3.93	-7.09%
Aug 09, 2024	$7.80	$8.44	+8.21%
May 07, 2024	$19.12	$18.09	-5.39%
Feb 22, 2024	$21.08	$21.05	-0.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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