financetom
Business
financetom
/
Business
/
Nikola's hydrogen fuel cell truck deliveries surge in Q2, beating expectations
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nikola's hydrogen fuel cell truck deliveries surge in Q2, beating expectations
Jul 2, 2024 5:48 AM

July 2 (Reuters) - Nikola ( NKLA ) said deliveries of

its hydrogen-fuel cell trucks rose 80% in the second quarter

from the previous three months, surpassing the startup's

expectations and signaling strong demand for the big rigs amid

its pivot from battery-powered vehicles.

Shares of the company rose nearly 4% in premarket trading on

Tuesday. The stock has lost over 70% of its value so far this

year.

The company delivered 72 Class 8 Nikola ( NKLA ) hydrogen fuel cell

trucks to wholesalers in the quarter ended June 30, compared

with 40 in the previous quarter, and above its sales forecast of

between 50 and 60 trucks.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved