---
schema_version: "secwatch.filing_event.v1"
accession: "0001731289-24-000152"
form_type: "8-K"
ticker: null
cik: "0001731289"
company_name: "Nikola Corp"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:17:41.070463+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nikola reports Q1 2024 net loss $147.7M; wholesaled 40 FCEVs, exceeding guidance

## Summary
- Revenue $7.5M; net loss $147.7M ($0.11/share) vs. $169.1M net loss in Q1 2023.
- Wholesaled 40 FCEVs, exceeding high-end guidance; program-to-date 75 FCEVs.
- Completed first remediated BEV delivery; expects to finish all BEV remediation by year-end 2024.
- Executed first CARB credit sale (Model Year 22); revenue recognized in Q2 2024.
- Adjusted EBITDA -$104.0M vs. -$103.7M prior year; shares outstanding 1.34B (diluted).

## SEC filing metadata
- accession: 0001731289-24-000152
- form_type: 8-K
- cik: 0001731289
- company_name: Nikola Corp
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731289/000173128924000152/0001731289-24-000152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731289/000173128924000152/nkla-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731289-24-000152
- JSON: https://secwatch.observer/filing/0001731289-24-000152.json
- Plain text: https://secwatch.observer/filing/0001731289-24-000152.txt

## Key facts
- Earnings Releases
  Nikola Corp reported the quarter ended March 31, 2024 results: revenue $ 7,497, net income $ (147,722), EPS $ (0.11).
  - Period: the quarter ended March 31, 2024
  - Revenue: $ 7,497
  - Net income: $ (147,722)
  - EPS: $ (0.11)
  - Result: reported results
  source text: Quarter Financial Highlights Three Months Ended March 31, (In thousands, except share and per share data) 2024 2023 Trucks produced 43 63 Trucks shipped 40 31 Total revenues $ 7,497 $ 10,677 Gross profit (loss) $ (57,575) $ (22,697) Gross margin (768) % (213) % Loss from operations $ (145,363) $ (127,200) Net loss from continuing operations $ (147,722) $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731289/000173128924000152/0001731289-24-000152-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.