Nikola Corporation (NASDAQ:NKLA) Q2 2023 Earnings Conference Call August 4, 2023 10:30 AM ET
Company Participants
Dhillon Sandhu - IR
Michael Lohscheller - CEO
Stasy Pasterick - CFO
Carey Mendes - President, Energy
Steven Girsky - Chairman
Conference Call Participants
Mike Shlisky - D.A. Davidson
Jeff Kauffman - Vertical Research Partners
Bill Peterson - JP Morgan
Winnie Dong - Deutsche Bank
Tyler DiMatteo - BTIG
Operator
Thank you, Dylan and good morning, everyone. Again, welcome to our Second Quarter Earnings Call. Before we get into earnings, I would like to first address the leadership transition plan announced earlier this morning. Steven Girsky, Chairman of Nikola's Board of Directors, will succeed me as CEO effective immediately. I have decided to step down due to a family health matter and will be returning to Europe. To ensure a seamless transition, I will remain at Nikola in an advisory capacity through the end of September to support Steve and the team. The board and I are confident in appointing Steve as my successor.
Steve was an early believer and investor in Nikola and has been pivotal to the company's success. Over the years, Steve has worked closely with the management team on advancing Nikola corporate initiatives. His intimate knowledge of Nikola business and products will enable him to hit the ground running with the speed required to capitalize on the exciting opportunities in front of us. Steve is a true champion of Nikola's mission, and I look forward to seeing the impact he will have in his new role as CEO.
Going into our quarterly results, I began last quarter's call sharing with you that Nikola is the real deal, and we think that we are the best position company to lead the commercial zero emission transition and accelerate the hydrogen economy. I also laid out what Nikola's path forward was. Focus on North America. Deliver the first heavy-duty hydrogen fuel cell truck in the market, provide hydrogen refuelling solutions to enable fuel cell truck operations, continue to build sales momentum and optimize spending to align with our focus.
Today I share that we are solidly on the path we laid out and delivering on our commitments. You have seen us in the news doing business with companies such as global energy leader Fortescue Future Industries, Bosch, the largest automotive supplier in the world, J.B. Hunt, one of the largest U.S. trucking firms, Volterra for stations, and Bayotech for hydrogen supply and fueling solutions.