2024 Q1 Form 10-K Financial Statement

#000173128924000053 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $7.497M $11.53M $35.84M
YoY Change -32.56% 75.71% -29.49%
Cost Of Revenue $65.07M $49.77M $249.9M
YoY Change 47.8% -4.89% 60.63%
Gross Profit -$57.58M -$38.24M -$214.1M
YoY Change 74.95% -16.45% 104.35%
Gross Profit Margin -767.97% -331.56% -597.3%
Selling, General & Admin $48.29M $39.33M $198.8M
YoY Change -10.09% -50.99% -46.3%
% of Gross Profit
Research & Development $39.50M $39.87M $208.2M
YoY Change -38.69% -42.56% -23.96%
% of Gross Profit
Depreciation & Amortization $10.60M $7.130M $35.89M
YoY Change 50.26% 4.42% 54.03%
% of Gross Profit
Operating Expenses $87.79M $79.20M $435.8M
YoY Change -25.69% -47.08% -32.33%
Operating Profit -$145.4M -$117.4M -$649.8M
YoY Change -3.76% -39.91% -13.2%
Interest Expense -$2.278M -$4.761M -$76.02M
YoY Change -76.9% -31.85% 328.54%
% of Operating Profit
Other Income/Expense, Net $860.0K -$10.19M -$162.5M
YoY Change -1123.81% 101.26% 15787.98%
Pretax Income -$147.6M -$153.5M -$848.2M
YoY Change -8.17% -26.04% 11.08%
Income Tax $0.00 $11.00K $12.00K
% Of Pretax Income
Net Earnings -$147.7M -$153.6M -$966.3M
YoY Change -12.64% -30.83% 23.21%
Net Earnings / Revenue -1970.41% -1331.91% -2696.17%
Basic Earnings Per Share -$0.11 -$1.21
Diluted Earnings Per Share -$0.11 -$0.14 -$1.21
COMMON SHARES
Basic Shares Outstanding 1.336B shares 1.016B shares 800.0M shares
Diluted Shares Outstanding 1.336B shares 800.0M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $345.6M $464.7M $464.7M
YoY Change 185.32% 99.1% 99.1%
Cash & Equivalents $345.6M $464.7M $464.7M
Short-Term Investments
Other Short-Term Assets $28.67M $25.91M $25.91M
YoY Change 99.68% 25.55% 77.01%
Inventory $61.34M $62.59M $62.59M
Prepaid Expenses
Receivables $23.87M $17.97M $17.97M
Other Receivables $9.799M $0.00 $0.00
Total Short-Term Assets $469.3M $572.4M $571.2M
YoY Change 41.88% 31.01% 35.77%
LONG-TERM ASSETS
Property, Plant & Equipment $484.5M $503.4M $503.4M
YoY Change 1.91% 15.2% 7.64%
Goodwill $5.238M $5.238M
YoY Change -21.68% -21.68%
Intangibles $84.01M $85.86M
YoY Change -8.61% -7.77%
Long-Term Investments $56.91M $57.06M $57.06M
YoY Change -17.14% -21.64% -21.64%
Other Assets $11.81M $7.889M $29.25M
YoY Change -64.33% -75.39% -78.24%
Total Long-Term Assets $682.8M $702.4M $703.7M
YoY Change -17.49% -12.16% -13.76%
TOTAL ASSETS
Total Short-Term Assets $469.3M $572.4M $571.2M
Total Long-Term Assets $682.8M $702.4M $703.7M
Total Assets $1.152B $1.275B $1.275B
YoY Change -0.54% 3.09% 3.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.91M $44.13M $44.13M
YoY Change -42.44% -62.57% -62.57%
Accrued Expenses $212.1M $211.8M $211.8M
YoY Change 3.86% -8.23% -8.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.852M $1.852M
YoY Change -7.35% -7.35%
Long-Term Debt Due $6.233M $8.950M $8.950M
YoY Change -71.36% -85.36% -85.36%
Total Short-Term Liabilities $271.3M $260.1M $264.9M
YoY Change -1.9% -32.19% -35.68%
LONG-TERM LIABILITIES
Long-Term Debt $268.3M $269.3M $269.3M
YoY Change -9.49% -7.66% -7.66%
Other Long-Term Liabilities $20.97M $21.51M $21.51M
YoY Change 172.5% 241.3% 219.93%
Total Long-Term Liabilities $20.97M $21.51M $290.8M
YoY Change 172.5% 241.3% -2.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $271.3M $260.1M $264.9M
Total Long-Term Liabilities $20.97M $21.51M $290.8M
Total Liabilities $565.9M $555.7M $555.7M
YoY Change -7.61% -21.75% -21.75%
SHAREHOLDERS EQUITY
Retained Earnings -$3.219B -$3.071B
YoY Change 46.05% 50.92%
Common Stock $134.0K $133.0K
YoY Change 127.12% 160.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $586.3M $719.2M $719.2M
YoY Change
Total Liabilities & Shareholders Equity $1.152B $1.275B $1.275B
YoY Change -0.54% 3.09% 3.09%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$147.7M -$153.6M -$966.3M
YoY Change -12.64% -30.83% 23.21%
Depreciation, Depletion And Amortization $10.60M $7.130M $35.89M
YoY Change 50.26% 4.42% 54.03%
Cash From Operating Activities -$115.6M -$117.8M -$496.2M
YoY Change -35.76% -18.93% -13.96%
INVESTING ACTIVITIES
Capital Expenditures $16.46M $12.11M $120.5M
YoY Change -68.52% -76.85% -29.41%
Acquisitions
YoY Change
Other Investing Activities $21.40M $997.0K $53.77M
YoY Change 1.32% -206.42%
Cash From Investing Activities $4.940M -$11.11M -$66.75M
YoY Change -109.45% -78.35% -69.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.055M 230.7M $743.0M
YoY Change -104.37% 99.37% 24.1%
NET CHANGE
Cash From Operating Activities -$115.6M -117.8M -$496.2M
Cash From Investing Activities $4.940M -11.11M -$66.75M
Cash From Financing Activities -$5.055M 230.7M $743.0M
Net Change In Cash -$115.7M 101.9M $180.1M
YoY Change -0.79% -226.02% -190.35%
FREE CASH FLOW
Cash From Operating Activities -$115.6M -$117.8M -$496.2M
Capital Expenditures $16.46M $12.11M $120.5M
Free Cash Flow -$132.1M -$129.9M -$616.7M
YoY Change -43.14% -34.26% -17.49%

Facts In Submission

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CY2022 nkla Fair Value Adjustment Of Warrants And Derivative Gain Loss On Derivative Net
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NetCashProvidedByUsedInFinancingActivities
742983000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
598876000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
180056000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-327037000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
493965000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
313909000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
522241000 usd
CY2023 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-4964000 usd
CY2022 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
4857000 usd
CY2021 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 usd
CY2023 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-1804000 usd
CY2022 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-2469000 usd
CY2021 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 usd
CY2023 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-572000 usd
CY2022 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-198000 usd
CY2021 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0 usd
CY2023 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-7340000 usd
CY2022 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
2190000 usd
CY2021 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
0 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
8327000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
4097000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
797000 usd
CY2023 nkla Interest Received
InterestReceived
11522000 usd
CY2022 nkla Interest Received
InterestReceived
1449000 usd
CY2021 nkla Interest Received
InterestReceived
512000 usd
CY2023 nkla Reclassification Of Equity Component Of Convertible Debt
ReclassificationOfEquityComponentOfConvertibleDebt
241851000 usd
CY2022 nkla Reclassification Of Equity Component Of Convertible Debt
ReclassificationOfEquityComponentOfConvertibleDebt
0 usd
CY2021 nkla Reclassification Of Equity Component Of Convertible Debt
ReclassificationOfEquityComponentOfConvertibleDebt
0 usd
CY2023 nkla Contingent Stock Consideration For Divestiture Of Affiliate
ContingentStockConsiderationForDivestitureOfAffiliate
25956000 usd
CY2022 nkla Contingent Stock Consideration For Divestiture Of Affiliate
ContingentStockConsiderationForDivestitureOfAffiliate
0 usd
CY2021 nkla Contingent Stock Consideration For Divestiture Of Affiliate
ContingentStockConsiderationForDivestitureOfAffiliate
0 usd
CY2021 nkla Reclassification From Liability To Equity For Certain Share Based Awards
ReclassificationFromLiabilityToEquityForCertainShareBasedAwards
0 usd
CY2023 nkla Reclassification From Equity To Liability For Certain Share Based Awards
ReclassificationFromEquityToLiabilityForCertainShareBasedAwards
10401000 usd
CY2022 nkla Reclassification From Equity To Liability For Certain Share Based Awards
ReclassificationFromEquityToLiabilityForCertainShareBasedAwards
0 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
77137000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
16083000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
34946000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
27510000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
32820000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1547000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
646000 usd
CY2023 nkla Debt Issued For Paid In Kind Interest
DebtIssuedForPaidInKindInterest
12998000 usd
CY2022 nkla Debt Issued For Paid In Kind Interest
DebtIssuedForPaidInKindInterest
10939000 usd
CY2021 nkla Debt Issued For Paid In Kind Interest
DebtIssuedForPaidInKindInterest
0 usd
CY2023 nkla Accrued Paid In Kind Interest
AccruedPaidInKindInterest
1170000 usd
CY2022 nkla Accrued Paid In Kind Interest
AccruedPaidInKindInterest
1998000 usd
CY2021 nkla Accrued Paid In Kind Interest
AccruedPaidInKindInterest
0 usd
CY2023 nkla Accrued Underwriting Commissions
AccruedUnderwritingCommissions
49000 usd
CY2022 nkla Accrued Underwriting Commissions
AccruedUnderwritingCommissions
1681000 usd
CY2021 nkla Accrued Underwriting Commissions
AccruedUnderwritingCommissions
0 usd
CY2023 nkla Embedded Derivative Asset Bifurcated From Convertible Note
EmbeddedDerivativeAssetBifurcatedFromConvertibleNote
0 usd
CY2022 nkla Embedded Derivative Asset Bifurcated From Convertible Note
EmbeddedDerivativeAssetBifurcatedFromConvertibleNote
1500000 usd
CY2021 nkla Embedded Derivative Asset Bifurcated From Convertible Note
EmbeddedDerivativeAssetBifurcatedFromConvertibleNote
0 usd
CY2023 nkla Stock Option Proceeds Receivable
StockOptionProceedsReceivable
0 usd
CY2022 nkla Stock Option Proceeds Receivable
StockOptionProceedsReceivable
238000 usd
CY2021 nkla Stock Option Proceeds Receivable
StockOptionProceedsReceivable
0 usd
CY2023 nkla Stock Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
887000 usd
CY2022 nkla Stock Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
20000 usd
CY2021 nkla Stock Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
StockIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 usd
CY2023 us-gaap Stock Issued1
StockIssued1
0 usd
CY2022 us-gaap Stock Issued1
StockIssued1
0 usd
CY2021 us-gaap Stock Issued1
StockIssued1
5564000 usd
CY2023 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
0 usd
CY2022 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
0 usd
CY2021 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
32376000 usd
CY2023 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 usd
CY2022 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 usd
CY2021 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
47181000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:15.91pt">Use of Estimates</span><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the balance sheet date, as well as reported amounts of revenue and expenses during the reporting period. Th</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">e Company's most significant estimates and judgments involve valuation of the Company's stock-based compensation related to the fair value of market-based restricted stock units, assignment of fair value and allocation of purchase price in connection with the Romeo Acquisition, the valuations of warrant liabilities, derivative liabilities, the Put Right and Price Differential, estimates related to the Company's lease assumptions and revenue recognition, contingent liabilities, including litigation reserves, inventory valuation and warranty reserves, including inputs and assumptions related to recall campaigns.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Management bases its estimates on historical experience and on various other assumptions believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates.</span></div>
CY2023 nkla Number Of Business Units
NumberOfBusinessUnits
2 business_unit
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;padding-left:17.01pt">Concentration of Credit Risk</span><div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, restricted cash and cash equivalents, and accounts receivable. The Company's cash is placed with high-credit-quality financial </span></div>institutions and issuers, and at times exceeds federally insured limits. The Company has not experienced any credit loss relating to its cash equivalents and accounts receivable.
CY2023 nkla Number Of Customers Exceeding Concentration Threshold
NumberOfCustomersExceedingConcentrationThreshold
4 dealer
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
464700000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
225900000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
29300000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
88100000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
464715000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
225850000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
497241000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1224000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
10600000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
28026000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
77459000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
25000000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
493965000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
313909000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
522241000 usd
CY2023Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Asset
EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset
69000 usd
CY2023Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
8871000 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
10000 usd
CY2022Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Asset
EmbeddedDerivativeFairValueOfEmbeddedDerivativeAsset
170000 usd
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
381000 usd
CY2022Q4 us-gaap Convertible Debt
ConvertibleDebt
50000000 usd
CY2022 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8079000 usd
CY2022 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
291000 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P1Y5M1D
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P2Y5M1D
CY2022Q4 nkla Liability Classified Awards Fair Value
LiabilityClassifiedAwardsFairValue
0 usd
CY2023 nkla Liability Classified Awards Reclassification To Liability
LiabilityClassifiedAwardsReclassificationToLiability
10401000 usd
CY2023 nkla Liability Classified Awards Gain Loss Included In Earnings
LiabilityClassifiedAwardsGainLossIncludedInEarnings
-10591000 usd
CY2023 nkla Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Reclassification To Equity
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityReclassificationToEquity
20992000 usd
CY2023Q4 nkla Liability Classified Awards Fair Value
LiabilityClassifiedAwardsFairValue
0 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
7788000 usd
CY2023 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
11888000 usd
CY2023 nkla Standard Product Warranty Accrual Increase For Recalls Issued
StandardProductWarrantyAccrualIncreaseForRecallsIssued
65778000 usd
CY2023 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-2622000 usd
CY2023 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3886000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
78946000 usd
CY2023 nkla Standard Product Warranty Accrual Effect Of Ten Percentage Point Increase In Replacement Costs
StandardProductWarrantyAccrualEffectOfTenPercentagePointIncreaseInReplacementCosts
1400000 usd
CY2023 nkla Standard Product Warranty Accrual Effect Of Ten Percentage Point Increase In Failure Rate
StandardProductWarrantyAccrualEffectOfTenPercentagePointIncreaseInFailureRate
1100000 usd
CY2023 nkla Standard Product Warranty Accrual Increase For Recalls Issued
StandardProductWarrantyAccrualIncreaseForRecallsIssued
65800000 usd
CY2023 nkla Standard Product Warranty Accrual Decrease For Recall Payments
StandardProductWarrantyAccrualDecreaseForRecallPayments
3000000 usd
CY2023 nkla Standard Product Warranty Accrual Effect Of Ten Percentage Point Increase Product Cost
StandardProductWarrantyAccrualEffectOfTenPercentagePointIncreaseProductCost
4300000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
0 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
2000000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
2000000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1900000 usd
CY2023 us-gaap Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
-2200000 usd
CY2022 us-gaap Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
1000000 usd
CY2021 us-gaap Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
1400000 usd
CY2023Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
32889000 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
52442000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
15486000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
9646000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
8206000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
47677000 usd
CY2023Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
6007000 usd
CY2022Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
2105000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
62588000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
111870000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
6152000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
5333000 usd
CY2023Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
5570000 usd
CY2022Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
6064000 usd
CY2023Q4 nkla Inventory Deposits Current
InventoryDepositsCurrent
4843000 usd
CY2022Q4 nkla Inventory Deposits Current
InventoryDepositsCurrent
415000 usd
CY2023Q4 nkla Holdback Receivable
HoldbackReceivable
3655000 usd
CY2022Q4 nkla Holdback Receivable
HoldbackReceivable
0 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
2148000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
3611000 usd
CY2023Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
1643000 usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
3917000 usd
CY2023Q4 nkla Prepaid Software Current
PrepaidSoftwareCurrent
1421000 usd
CY2022Q4 nkla Prepaid Software Current
PrepaidSoftwareCurrent
1015000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
479000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
2101000 usd
CY2023Q4 nkla Sale Agreement Receivable
SaleAgreementReceivable
0 usd
CY2022Q4 nkla Sale Agreement Receivable
SaleAgreementReceivable
5487000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
25911000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
27943000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
500000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2800000 usd
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
0 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
37504000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
2193000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
547365000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
448618000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
43949000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
30833000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
503416000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
417785000 usd
CY2023 us-gaap Depreciation
Depreciation
28900000 usd
CY2022 us-gaap Depreciation
Depreciation
14400000 usd
CY2021 us-gaap Depreciation
Depreciation
8200000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1744000 usd
CY2023Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
91330000 usd
CY2022Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
90000000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
65703000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
1484000 usd
CY2023Q4 nkla Accrued Purchase Of Intangible Asset
AccruedPurchaseOfIntangibleAsset
13796000 usd
CY2022Q4 nkla Accrued Purchase Of Intangible Asset
AccruedPurchaseOfIntangibleAsset
32126000 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
8871000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 usd
CY2023Q4 nkla Goods Received Not Yet Invoiced
GoodsReceivedNotYetInvoiced
8642000 usd
CY2022Q4 nkla Goods Received Not Yet Invoiced
GoodsReceivedNotYetInvoiced
18167000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5137000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2152000 usd
CY2023Q4 nkla Accrued Outsourced Engineering Services Current
AccruedOutsourcedEngineeringServicesCurrent
4207000 usd
CY2022Q4 nkla Accrued Outsourced Engineering Services Current
AccruedOutsourcedEngineeringServicesCurrent
8056000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3254000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8298000 usd
CY2023Q4 nkla Accrued Purchases Of Property And Equipment Current
AccruedPurchasesOfPropertyAndEquipmentCurrent
2458000 usd
CY2022Q4 nkla Accrued Purchases Of Property And Equipment Current
AccruedPurchasesOfPropertyAndEquipmentCurrent
3587000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1867000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1979000 usd
CY2023Q4 nkla Accrued Legal Liabilities Current
AccruedLegalLiabilitiesCurrent
1708000 usd
CY2022Q4 nkla Accrued Legal Liabilities Current
AccruedLegalLiabilitiesCurrent
2041000 usd
CY2023Q4 nkla Accrued Equity Distribution Agreement Fees Current
AccruedEquityDistributionAgreementFeesCurrent
49000 usd
CY2022Q4 nkla Accrued Equity Distribution Agreement Fees Current
AccruedEquityDistributionAgreementFeesCurrent
1681000 usd
CY2023Q4 nkla Supply Agreement Revision Commitment
SupplyAgreementRevisionCommitment
0 usd
CY2022Q4 nkla Supply Agreement Revision Commitment
SupplyAgreementRevisionCommitment
10000000 usd
CY2023Q4 nkla Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
207022000 usd
CY2022Q4 nkla Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
179571000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
2622000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1182000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
130000 usd
CY2023 nkla Operating Lease Variable Lease Cost
OperatingLeaseVariableLeaseCost
219000 usd
CY2022 nkla Operating Lease Variable Lease Cost
OperatingLeaseVariableLeaseCost
212000 usd
CY2021 nkla Operating Lease Variable Lease Cost
OperatingLeaseVariableLeaseCost
26000 usd
CY2023 nkla Operating Lease Cost Including Variable Lease Cost
OperatingLeaseCostIncludingVariableLeaseCost
2841000 usd
CY2022 nkla Operating Lease Cost Including Variable Lease Cost
OperatingLeaseCostIncludingVariableLeaseCost
1394000 usd
CY2021 nkla Operating Lease Cost Including Variable Lease Cost
OperatingLeaseCostIncludingVariableLeaseCost
156000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3617000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1155000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
979000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
342000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2758000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
753000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
44000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
789000 usd
CY2023 nkla Finance Lease Variable Lease Cost
FinanceLeaseVariableLeaseCost
44000 usd
CY2022 nkla Finance Lease Variable Lease Cost
FinanceLeaseVariableLeaseCost
55000 usd
CY2021 nkla Finance Lease Variable Lease Cost
FinanceLeaseVariableLeaseCost
738000 usd
CY2023 nkla Finance Lease Cost Including Variable Lease Cost
FinanceLeaseCostIncludingVariableLeaseCost
1776000 usd
CY2022 nkla Finance Lease Cost Including Variable Lease Cost
FinanceLeaseCostIncludingVariableLeaseCost
441000 usd
CY2021 nkla Finance Lease Cost Including Variable Lease Cost
FinanceLeaseCostIncludingVariableLeaseCost
4285000 usd
CY2023 us-gaap Lease Cost
LeaseCost
8234000 usd
CY2022 us-gaap Lease Cost
LeaseCost
3579000 usd
CY2021 us-gaap Lease Cost
LeaseCost
5596000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
36106000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1774000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6358000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7936000 usd
CY2023Q4 nkla Finance Lease And Operating Lease Right Of Use Asset Current
FinanceLeaseAndOperatingLeaseRightOfUseAssetCurrent
42464000 usd
CY2022Q4 nkla Finance Lease And Operating Lease Right Of Use Asset Current
FinanceLeaseAndOperatingLeaseRightOfUseAssetCurrent
9710000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6312000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
367000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1867000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1979000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
26395000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
818000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4765000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6091000 usd
CY2023Q4 nkla Financing And Operating Lease Liability
FinancingAndOperatingLeaseLiability
39339000 usd
CY2022Q4 nkla Financing And Operating Lease Liability
FinancingAndOperatingLeaseLiability
9255000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
40193000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8020000 usd
CY2023Q4 nkla Lessee Operating And Finance Lease Total Lease Payments
LesseeOperatingAndFinanceLeaseTotalLeasePayments
48213000 usd
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y11M19D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M23D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M28D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y11M23D
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0958
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0494
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0629
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0592
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
753000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
44000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
2502000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1102000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
32820000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1547000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
706000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6176000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
9182000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2186000 usd
CY2023Q4 nkla Lessee Operating And Finance Lease Year One
LesseeOperatingAndFinanceLeaseYearOne
11368000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
7927000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1364000 usd
CY2023Q4 nkla Lessee Operating And Finance Lease Year Two
LesseeOperatingAndFinanceLeaseYearTwo
9291000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
15370000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1287000 usd
CY2023Q4 nkla Lessee Operating And Finance Lease Year Three
LesseeOperatingAndFinanceLeaseYearThree
16657000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
4514000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
520000 usd
CY2023Q4 nkla Lessee Operating And Finance Lease Year Four
LesseeOperatingAndFinanceLeaseYearFour
5034000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
3051000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
466000 usd
CY2023Q4 nkla Lessee Operating And Finance Lease Year Five
LesseeOperatingAndFinanceLeaseYearFive
3517000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
149000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2197000 usd
CY2023Q4 nkla Lessee Operating And Finance Lease After Year Five
LesseeOperatingAndFinanceLeaseAfterYearFive
2346000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
7486000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1388000 usd
CY2023Q4 nkla Lessee Operating And Finance Lease Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseUndiscountedExcessAmount
8874000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
32707000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6632000 usd
CY2023Q4 nkla Financing And Operating Lease Liability
FinancingAndOperatingLeaseLiability
39339000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6312000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1867000 usd
CY2023Q4 nkla Financing And Operating Lease Liability Current
FinancingAndOperatingLeaseLiabilityCurrent
8179000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
26395000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4765000 usd
CY2023Q4 nkla Financing And Operating Lease Liability Noncurrent
FinancingAndOperatingLeaseLiabilityNoncurrent
31160000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
98831000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12971000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
85860000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
97981000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5508000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
92473000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7400000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5500000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12455000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
14140000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
13990000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
13940000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
13940000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
17395000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
85860000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
57062000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
62816000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-16418000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-20665000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3580000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6312000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
367000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
8950000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
61675000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
26395000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
818000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
269279000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
290128000 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1600000000 shares
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
8070000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
8946000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
165600000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
8950000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
8441000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
574450000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
774457000 usd
CY2023Q4 nkla Common Stock And Preferred Stock Shares Authorized
CommonStockAndPreferredStockSharesAuthorized
1750000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1600000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
150000000 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-400000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-3900000 usd
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-3100000 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
10000.00 usd
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
400000 usd
CY2021Q2 nkla Sale Of Stock Purchase Period
SaleOfStockPurchasePeriod
P36M
CY2021Q2 nkla Issuance Of Stock For Commitment Shares
IssuanceOfStockForCommitmentShares
2600000 usd
CY2023Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
1.12
CY2023Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.75
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
42802865 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
22470585 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.31
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y3M29D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
23418000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
6723629 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.06
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
705583 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
2.45
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
15041373 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.37
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y7M20D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
15041373 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.37
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y7M20D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
6723629 shares
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
6424780 shares
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3472267 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
8200000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
14600000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
51800000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
800000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
400000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
75391000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
252445000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
205711000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
39325000 usd
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.01
CY2023 nkla Defined Contribution Plan Employer Matching Contribution Percent Of Match Beyond Initial1
DefinedContributionPlanEmployerMatchingContributionPercentOfMatchBeyondInitial1
0.50
CY2023 nkla Defined Contribution Plan Employer Matching Contribution Additional Percent Of Employees Gross Pay Beyond Initial1
DefinedContributionPlanEmployerMatchingContributionAdditionalPercentOfEmployeesGrossPayBeyondInitial1
0.01
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4100000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3500000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2100000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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