Nikola (0A3R) 10-K/A 1 Mar 24 2023 FY Annual report (amended) Financial data

Cover

Cover - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2023	Feb. 26, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K/A
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-38495
Entity Registrant Name	Nikola Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-4151153
Entity Address, Address Line One	4141 E Broadway Road
Entity Address, City or Town	Phoenix
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85040
City Area Code	(480)
Local Phone Number	581-8888
Title of 12(b) Security	Common stock, $0.0001 par value per share
Trading Symbol	NKLA
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 1
Entity Common Stock, Shares Outstanding (in shares)		1,335,615,165
Amendment Description	This Amendment No. 1 on Form 10-K/A (this “Amendment”) amends the Annual Report on Form 10-K of Nikola Corporation (the “Company”, "we", "us" or "our") for the fiscal year ended December 31, 2023, originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 28, 2024 (the “Original Filing”).This Amendment is being filed to revise Part II “Item 9B. Other Information” by adding information regarding Rule 10b5-1 trading arrangements terminated and adopted by certain of its officers during the three month period ended December 31, 2023, which was inadvertently omitted from the Original Filing.In addition, as required by Rule 12b-15 of the Securities and Exchange Act of 1934 (the “Exchange Act”), a new certification by the Company’s principal executive officer and principal financial officer is filed herewith as Exhibit 31.2 to this Amendment under Item 15, pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act. Because no financial statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certification has been omitted. The Company is also not including new certifications under Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) (Section 906 of the Sarbanes-Oxley Act of 2002), as no financial statements are being filed with this Amendment.Other than as expressly set forth herein, this Amendment does not, and does not purport to, amend, update or restate the information in the Original Filing or reflect any events that have occurred after the Original Filing was made. Information not affected by this Amendment remains unchanged and reflects the disclosures made at the time as of which the Original Filing was made. This Amendment should be read together with the Original Filing and the Company’s other filings with the SEC.
Entity Central Index Key	0001731289
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	true

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Phoenix, Arizona
Auditor Firm ID	42

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	12 Months Ended
	Dec. 31, 2023 shares	Dec. 31, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Joseph R. Pike [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Joseph R. Pike, our Chief Human Resources Officer , on November 9, 2023, terminated his Rule 10b5-1 trading arrangement adopted on August 9, 2023. No sales were made under such plan prior to its termination. On November 9, 2023, Mr. Pike adopted a Rule 10b5-1 trading arrangement which provides for the potential sale of up to 119,063 shares of common stock and up to 126,695 shares of common stock issuable upon exercise of options through March 3, 2025. This trading arrangement is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act.
Britton M. Worthen [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Britton M. Worthen, our Chief Legal Officer and Secretary , on November 9, 2023, terminated his Rule 10b5-1 trading arrangement adopted on August 8, 2023. No sales were made under such plan prior to its termination. On November 15, 2023, Mr. Worthen adopted a Rule 10b5-1 trading arrangement which provides for the potential sale of up to 178,594 shares of common stock and up to 1,000,000 shares of common stock issuable upon exercise of options through December 31, 2024. This trading arrangement is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act.
Anastasiya Pasterick [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Anastasiya Pasterick, our former Chief Financial Officer , on November 20, 2023, terminated her Rule 10b5-1 trading arrangement adopted on August 22, 2023. No sales were made under such plan prior to its termination.
Name	Anastasiya Pasterick
Title	Chief Financial Officer
Adoption Date	August 22, 2023
Rule 10b5-1 Arrangement Terminated	true
Termination Date	November 20, 2023
Joseph R. Pike, November 2023 Plan [Member] | Joseph R. Pike [Member]
Trading Arrangements, by Individual
Name	Joseph R. Pike
Title	Chief Human Resources Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 9, 2023
Arrangement Duration	480 days
Joseph R. Pike, August 2023 Plan [Member] | Joseph R. Pike [Member]
Trading Arrangements, by Individual
Name	Joseph R. Pike
Title	Chief Human Resources Officer
Adoption Date	August 9, 2023
Rule 10b5-1 Arrangement Terminated	true
Termination Date	November 9, 2023
Joseph R. Pike, November 2023 Plan, Common Stock [Member] | Joseph R. Pike [Member]
Trading Arrangements, by Individual
Aggregate Available	119,063	119,063
Joseph R. Pike, November 2023 Plan, Common Stock Options [Member] | Joseph R. Pike [Member]
Trading Arrangements, by Individual
Aggregate Available	126,695	126,695
Britton M. Worthen, August 2023 Plan [Member] | Britton M. Worthen [Member]
Trading Arrangements, by Individual
Name	Britton M. Worthen
Title	Chief Legal Officer and Secretary
Adoption Date	August 8, 2023
Rule 10b5-1 Arrangement Terminated	true
Termination Date	November 9, 2023
Britton M. Worthen, November 2023 Plan [Member] | Britton M. Worthen [Member]
Trading Arrangements, by Individual
Name	Britton M. Worthen
Title	Chief Legal Officer and Secretary
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 15, 2023
Arrangement Duration	412 days
Britton M. Worthen, November 2023 Plan, Common Stock [Member] | Britton M. Worthen [Member]
Trading Arrangements, by Individual
Aggregate Available	178,594	178,594
Britton M. Worthen, November 2023 Plan, Options [Member] | Britton M. Worthen [Member]
Trading Arrangements, by Individual
Aggregate Available	1,000,000	1,000,000