Nikola stock forecast 2025 could be reshaped by battery

Nikola stock forecast 2025 could be reshaped by battery production costs falling under $100/kWh. This would improve gross profits, with bullish models indicating a potential breakout towards $4.30 if quarterly deliveries hit record highs. Lucid currently does not have a clear path to profitability in the short to medium term, and its gross loss margin in Q2 was 105%. While it does include the tariff impact of $54 million, the company’s losses and cash burn are simply too high for comfort, even in an industry where not many players apart from Tesla (TSLA) have been able to make money. How low can you go? Making an NKLA stock price prediction has been easy in 2024 since shares seemingly cannot stop going lower. The stock’s 52-week high is over $35 per share, but getting back to that point is highly unlikely if you consider the technical signals on the chart. Data models for Nikola stock forecast 2025 show significant volatility potential, with implied price swings up to 60% annualized. Traders anticipate that Q2 and Q4 earnings calls will be catalysts for directional moves in the $3.00–$4.20 window.