NIKOLA WHOLESALES 72 HYDROGEN FUEL CELL TRUCKS FOR NORTH AMERICAN CUSTOMERS IN Q2 2024, EXCEEDS SALES GUIDANCE
Rhea-AI Summary
Nikola (Nasdaq: NKLA) announced that it wholesaled 72 hydrogen fuel cell trucks in Q2 2024, surpassing its sales guidance of 60 units. The company also reported wholesaling 112 trucks in the first half of 2024. Key customers include new clients like Walmart Canada and returning clients such as 4GEN and IMC. Nikola's CEO, Steve Girsky, highlighted the company's ongoing momentum and first-mover advantage in the zero-emissions Class 8 trucks market, along with its HYLA hydrogen refueling solutions. The trucks are assembled in Coolidge, Arizona. Note that Nikola has not yet completed its quarterly review or prepared financial statements for Q2 2024.
Positive
- Nikola wholesaled 72 hydrogen fuel cell trucks in Q2 2024, exceeding sales guidance of 60 units.
- Nikola wholesaled 112 hydrogen fuel cell trucks in the first half of 2024.
- Secured new customer Walmart Canada and repeat customers 4GEN and IMC.
Negative
- Nikola has not completed its quarterly review or prepared financial statements for Q2 2024.
News Market Reaction 1 Alert
On the day this news was published, NKLA gained 8.65%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
For the first half of 2024, Nikola wholesaled 112 hydrogen fuel cell trucks.
"We have maintained our 2024 momentum with solid wholesale numbers, new customers such as Walmart Canada, and repeat customers like 4GEN and IMC, purchasing vehicles through our dealer network," said Nikola CEO Steve Girsky. "We are firmly on the field and are continuing to secure our first-mover advantage in zero-emissions Class 8 trucks in
All Nikola trucks are assembled in
NOTE: Nikola has not completed its quarterly review process or the preparation of its financial statements for the second quarter ended June 30, 2024.
ABOUT NIKOLA CORPORATION
Nikola Corporation's mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming transportation and over-the-road freight services. With our Class 8 vehicles, including battery-electric (BEV) and hydrogen fuel cell electric trucks (FCEV), and our energy brand, HYLA, we are driving the advancement of the complete hydrogen refueling ecosystem. This encompasses supply, distribution, and dispensing, reflecting our commitment to sustainable practices and a cleaner future.
Nikola is based in
Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (the "Company"), including statements relating to: the belief that the Company has maintained its 2024 momentum; and the Company's expectations regarding its first mover advantage. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: completion of the Company's review of its first quarter results; changes to assumptions underlying vehicle sales; the ability of the Company to access sufficient capital to meet its requirements and fund its business; manufacturing delays and difficulties; risks related to the rollout of the Company's hydrogen fueling infrastructure and the timing thereof; construction risks and delays; the availability of access to hydrogen refueling facilities; the level of and cancellation of customer orders; risks associated with manufacturing batteries and fuel cell power modules; variations in and characteristics of the hydrogen fueling location, including but not limited to fueling hardware and software protocol, fuel amount, and fueling conditions, any of which may affect refueling times; and the factors, risks and uncertainties described in the "Risk Factors" section of the Company's quarterly report on Form 10-Q for the quarter ended March 31, 2024 filed with the SEC, in addition to the Company's subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
View original content to download multimedia:https://www.prnewswire.com/news-releases/nikola-wholesales-72-hydrogen-fuel-cell-trucks-for-north-american-customers-in-q2-2024-exceeds-sales-guidance-302187764.html
SOURCE Nikola Corporation
FAQ
How many hydrogen fuel cell trucks did Nikola wholesale in Q2 2024?
Did Nikola meet its sales guidance for Q2 2024?
Who are some of Nikola's key customers for hydrogen fuel cell trucks in 2024?
Where are Nikola's hydrogen fuel cell trucks assembled?
Has Nikola completed its financial review for Q2 2024?
