## Should You Invest in Nikola Stock (NKLA)?
**Introduction**
Nikola Corporation (NKLA) is a global leader in the development and production of zero-emission heavy-duty trucks, fuel-cell powertrains, and hydrogen fueling stations. The company has been making headlines in recent years due to its ambitious plans and high-profile partnerships. However, it has also faced some challenges and controversies. This article will provide you with a comprehensive analysis of Nikola stock and help you decide if it is a worthwhile investment.
### Financial Performance
**Revenue**
Nikola’s revenue has grown rapidly in recent years, driven by the increasing demand for zero-emission vehicles. In 2021, the company reported revenue of $11.4 million, a 44% increase from the previous year. This growth is expected to continue in the coming years, as the company ramps up production of its Tre battery-electric truck.
**Gross Profit**
Nikola’s gross profit has also improved in recent years, but it remains negative. In 2021, the company reported a gross loss of $57.9 million, compared to a gross loss of $107.1 million in 2020. This improvement is due to the company’s increased revenue and lower costs.
**Net Income**
Nikola has yet to report a profit. In 2021, the company reported a net loss of $508.8 million, compared to a net loss of $404.1 million in 2020. This is largely due to the company’s high operating expenses.
### Partnerships and Technology
**Partnerships**
Nikola has formed several strategic partnerships with major companies, including General Motors, Bosch, and IVECO. These partnerships will help Nikola to accelerate the development and commercialization of its products.
**Technology**
Nikola’s technology is at the core of its business. The company is developing a hydrogen-electric powertrain that will provide zero-emission long-haul trucking. Nikola is also developing a hydrogen fueling network that will make it easier for customers to refuel their vehicles.
### Challenges and Controversies
**Delays**
Nikola has faced some delays in the production of its Tre battery-electric truck. The company originally planned to start production in 2021, but this has been pushed back to 2023.
**Controversies**
Nikola has also faced some controversies, including allegations of fraud and misleading investors. In 2020, Nikola’s founder, Trevor Milton, was charged with fraud by the US Securities and Exchange Commission. Milton has pleaded not guilty to the charges.
### Investment Thesis
The investment thesis for Nikola stock is based on the following factors:
* Growing demand for zero-emission heavy-duty trucks
* Nikola’s strong partnerships and technology
* Potential for significant growth in the hydrogen fuel cell market
### Risks
The following are some of the risks associated with investing in Nikola stock:
* Delays in product development and production
* Competition from other companies developing zero-emission trucks
* Regulatory changes that could impact the hydrogen fuel cell market
### Conclusion
Nikola stock is a high-risk, high-reward investment. The company has the potential to be a major player in the zero-emission transportation market, but it also faces significant challenges. Investors should carefully consider the risks and rewards involved before investing in Nikola stock.
## Additional Resources
* [Nikola Corporation Website](https://www.nikolamotor.com/)
* [Nikola Corporation Investor Relations](https://ir.nikolamotor.com/)
* [Nikola Corporation Stock Quote](https://finance.yahoo.com/quote/NKLA/)
* [Nikola Corporation SEC Filings](https://www.sec.gov/edgar/searchedgar/companysearch.html?cik=1654690)