Nikola Q1 2023 Earning Call
Things to watch for over the next few months.
Sales Projections
1) Ability to sell (not make) 375-500 Trucks for 2023
2) Ability to sell (not make) 1000-1500 Trucks for 2024
3) Ability to sell (not make) 1500-3000 Trucks for 2025
Cost Reduction
1) Quarterly target cost of 120m end of 2023 and 100m for 2024. Currently close to 150m.
2) Cypress (Battery) production line will complete move to Coolidge in July. Should reduce cost of battery significantly.
3) BEV BOM Cost reduction - 396k to 340k with Battery production improvement. Each truck sells for 350k-400k?
4) FCEV BOM Cost reduction - 440k to 375K with Battery production improvements plus others. 275k by 2025 with roughly 3000 truck volume. Each truck sells for 400k-450k?
5) SEC fine - Delay payment? Only need to pay 1.5 million for now.
Join us on our Discord channel. We are friendly :)
https://discord.com/invite/FrvTe6Y7Zj
-
1:11:19
Redacted News
5 hours agoHere we go! Something BIG is coming Russia DESTROYS Ukraine attack, NATO amasses forces in Poland
98.4K387 -
1:07:10
vivafrei
5 hours agoIT'S WAR! Google Abuse of Monopoly Exposed! Rumble and Google Going After "Illegal Boycotts"
62.8K90 -
2:24:56
Darkhorse Podcast
6 hours agoOne Bit Psy-Op: The 237th Evolutionary Lens with Bret Weinstein and Heather Heying
67.7K57 -
1:40:25
barstoolsports
10 hours agoBarstool Summer Games Presented by High Noon: Day 2
49.7K4 -
1:51:18
Film Threat
9 hours agoWORST BATMAN ANIMATED EVER! | Hollywood on the Rocks
38K2 -
18:35
CartierFamily
1 day agoLeftists FURIOUS as Gen Z Backs Trump!
56.1K43 -
1:37:44
The Quartering
6 hours agoWoke Squad Humiliated, Stocks Still Tanking, Kamala VP's Love Of Horses & Stolen Valor Rumble & X!
89.6K61 -
1:15:45
Vivek Ramaswamy
5 hours agoVivek Levels With Mark Cuban on ESG, DEI, and Kamala
73.5K164 -
2:37:54
Midnight's Edge
12 hours agoDisney Earnings Call Post-Show, Kathleen Kennedy's planned Lucasfilm exit | MEiTM #597
66.5K7 -
1:58:29
Barstool Yak
11 hours agoThe Yak with Big Cat & Co. Presented by Rhoback | The Yak 8-7-24
54K1