Nikola Q1 2023 Earning Call

1 year ago
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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

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