Nikola's hydrogen fuel cell truck deliveries surge in Q2, beating expectations (updated)

Nikola

02/07/2024 13:41

(Adds company's forecast, shares)
       July 2 (Reuters) - Nikola  NKLA.O  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 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. 


 (Reporting by Deborah Sophia in Bengaluru; Editing by Tasim
Zahid)
 ((DeborahMary.Sophia@thomsonreuters.com;))