by SignalFactory · December 27, 2021 | 10:23:43 UTC
Shares of Nikola Corporation (NKLA) surged 18% on Friday after the electric vehicle truck maker said that it made its first customer deliveries. Separately, Nikola received an order for 100 EV trucks from Heniff Transportation. The start of customer deliveries is a bullish development for the EV company and 2022 could be a comeback year for shares of Nikola!
Nikola’s commercial prospects just improved significantly- 2022 could be a good year for Nikola if the electric vehicle company continues to ramp up deliveries of its battery-electric vehicle trucks/BEVs and sticks to its production plan. Nikola tweeted on Wednesday that it made its first Nikola Tre battery-powered electric truck delivery to Total Transportation Services Inc.
Total Transportation Services, a Californian port trucking company, signed a Letter of Intent for the delivery of 100 Nikola Tre electric trucks back in May 2021. Nikola’s deal with Total Transportation Services includes a pilot project that requires the delivery of two BEVs and two fuel-cell electric vehicle trucks/FCEVs. When the pilot project gets completed successfully, the Letter of Intent calls for 30 BEV deliveries in FY 2022 and 70 FCEV deliveries in FY 2023.
Additionally, Nikola said that it signed another Letter of Intent with Heniff Transportation systems last week for delivery of another 100 Nikola Tre BEVs. Initially, Nikola will only deliver 10 BEVs. Once these BEVs are successfully integrated into the company’s transportation fleet, Nikola will deliver another 90 zero-emission trucks to the company. Deliveries for the initial 10 BEVs will take place in the first half of FY 2022.
The start of customer deliveries is a big accomplishment for every EV company, but especially for Nikola which had to deal with allegations of overpromising achievements. It also faced an investor exodus after its founder was confronted with fraud accusations. With the first Nikola Tre delivery taking place, the electric vehicle maker keeps its promise to commence with deliveries in Q4’21.
A settlement with the SEC – Nikola got into hot water with regulators last year after the company and key personnel at the company made misleading statements about the technological capabilities of the company’s first-ever production truck. Trevor Milton, the founder, and CEO of Nikola had to step down from his position and was indicted on fraud charges. These events significantly harmed the reputation and valuation of Nikola.
Nikola is accepting its role in making misleading statements that were made to investors during FY 2020. The EV company just agreed to settle civil fraud charges for $125M which, however, will not have to be paid immediately: Nikola will pay the settlement in five separate installments over two years. While Nikola’s founder still faces criminal charges in court, the settlement agreement closes an unfortunate chapter in Nikola’s history. The total settlement sum represents about 21% of Nikola’s available cash at the end of the September quarter.
Nikola Long (Buy) Enter At: 11.45 T.P_1: 12.83 T.P_2: 14.35 T.P_3: 16.21 T.P_4: 18.32 S.L: 9.84
All information on this website is of a general nature. The information is not adapted to conditions that are specific to your person or entity. The information provided can not be considered as personal, professional or legal advice or investment advice to the user.
This website and all information is intended for educational purposes only and does not give financial advice. Signal Factory is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities. Signal Factory does not offer, operate or provide financial, brokerage, commercial or investment services and is not a financial advisor. Rather, Signal Factory is an educational site and a platform for exchanging Forex information. Whenever information is disclosed, whether express or implied, about profit or revenue, it is not a guarantee. No method or trading system ensures that it will generate a profit, so always remember that trade can lead to a loss. Trading responsibility, whether resulting in profits or losses, is yours and you must agree not to hold Signal Factory or other information providers that are responsible in any way whatsoever. The use of the system means that the user accepts Disclaimer and Terms of Use.
Signal Factory is not represented as a registered investment consultant or brokerage dealer nor offers to buy or sell any of the financial instruments mentioned in the service offered.
While Signal Factory believes that the content provided is accurate, there are no explicit or implied warranties of accuracy. The information provided is believed to be reliable; Signal Factory does not guarantee the accuracy or completeness of the information provided. Third parties refer to Signal Factory to provide technology and information if a third party fails, and then there is a risk that the information may be delayed or not delivered at all.
All information and comments contained on this website, including but not limited to, opinions, analyzes, news, prices, research, and general, do not constitute investment advice or an invitation to buy or sell any type of instrument. Signal Factory assumes no responsibility for any loss or damage that may result, directly or indirectly, from the use or dependence on such information.
All information contained on this web site is a personal opinion or belief of the author. None of these data is a recommendation or financial advice in any sense, also within the meaning of any commercial act or law. Writers, publishers and affiliates of Signal Factory are not responsible for your trading in any way.
The information and opinions contained in the site are provided for information only and for educational reasons, should never be considered as direct or indirect advice to open a trading account and / or invest money in Forex trading with any Forex company . Signal Factory assumes no responsibility for any decisions taken by the user to create a merchant account with any of the brokers listed on this website. Anyone who decides to set up a merchant account or use the services, free of charge or paid, to any of the Forex companies mentioned on this website, bears full responsibility for their actions.
Any institution that offers a service and is listed on this website, including forex brokers, financial companies and other institutions, is present only for informational purposes. All ratings, ratings, banners, reviews, or other information found for any of the above-mentioned institutions are provided in a strictly objective manner and according to the best possible reflection of the materials on the official website of the company.
Forex trading is potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against merchants. Before each Forex investment, you should carefully consider your goals, past experience and risk level. The opinions and data contained on this site should not be considered as suggestions or advice for the sale or purchase of currency or other instruments. Past results do not show or guarantee future results.
Neither Signal Factory nor its affiliates ensure the accuracy of the content provided on this Site. You explicitly agree that viewing, visiting or using this website is at your own risk.
