Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Steve Girsky"


4 mentions found


Electric truck maker Nikola said Thursday that it has received nearly 300 orders for its new hydrogen fuel cell semitruck — but it's facing what will be a costly recall of its earlier battery-electric trucks. Nikola recalled all of its Tre battery-electric trucks, 209 in total, in August following a fire caused by a coolant leak in a truck's battery pack. It expects to resume delivering battery-electric trucks to customers in the first quarter next year. Despite the recall, a dealer ordered 47 battery-electric trucks during the third quarter, Nikola said. On an adjusted basis, excluding stock-based compensation, it lost 30 cents per share.
Persons: Nikola, Steve Girsky Organizations: Wall Street, LSEG, CNBC PRO Locations: California
REUTERS/Fabian Bimmer Acquire Licensing RightsCompanies Nikola Corp FollowSept 15 (Reuters) - Nikola (NKLA.O) said on Friday it would expand its dealer network into Canada for heavy-duty truck sales in a partnership with trailer manufacturer ITD Industries, sending the electric-truck maker's shares up 5% in morning trading. Nikola, which makes battery electric and fuel cell electric Class 8 trucks, has been facing issues, including two fires within a week in September involving its vehicles. Earlier in August, the company said it was recalling all the battery-powered electric trucks that it had delivered till date after an investigation revealed coolant leaks inside a battery pack. Nikola's CEO Steve Girsky, however, told investors on Wednesday that the battery electric truck recall would not affect the production or deliveries of its fuel cell electric vehicles since they use a different battery pack from a different supplier. The company plans to begin deliveries of the hydrogen fuel cell vehicle in late September and early October, he added.
Persons: Nikola, Fabian Bimmer, NKLA.O, Steve Girsky, Zaheer Kachwala, Shilpi Majumdar Organizations: IAA Transportation, REUTERS, Nikola, ITD Industries, Thomson Locations: Hanover, Germany, Canada, Bengaluru
A Nikola electric semi-truck caught fire during a battery test outside its Phoenix headquarters. It comes after another Nikola Tre truck caught alight this week in Tempe, Arizona. The electric vehicle maker was testing why a battery pack on another of its trucks caught fire this week when the incident occurred. The semi-truck was undergoing a "battery fire investigation and testing" when it caught alight in its second fire incident this week, the company told Bloomberg in an email. In the first fire, a Tre battery-electric vehicle caught alight in Tempe, Arizona, Reuters reported.
Persons: Nikola Tre, Nikola, Steve Girsky, Michael Lohscheller, Girsky, Nikola didn't Organizations: Service, Bloomberg, Reuters, Street, General Motors Locations: Phoenix, Tempe , Arizona, Wall, Silicon
Shares of electric truck maker Nikola fell more than 26% Friday after a complicated second-quarter report, news of a CEO departure and shareholder approval to issue new stock. Here are the key numbers, compared with Refinitiv consensus estimates:Loss per share: 20 cents vs. 22 cents20 cents vs. 22 cents Revenue: $15.36 million vs. $15.4 millionNikola's net loss for the quarter was $217.8 million, or 31 cents per share. Aside from the discontinued operations, Nikola had no adjustments in the second quarter of 2023. Revenue fell to $15.4 million from $18.1 million in the second quarter of 2022. Meanwhile, it was able to raise $233.2 million in cash during the second quarter via sales of stock and some physical assets.
Persons: Nikola, Michael Lohscheller, Steve Girsky, Lohscheller, Nikola's, Romeo, Romeo Power Organizations: General Motors, Revenue Locations: California
Total: 4