Nikola Delivers 88 Hydrogen Fuel Cell Trucks, Exceeding Expectations
Key Ideas
  • Nikola delivered 88 hydrogen fuel cell electric trucks to dealers in Q3, surpassing the expected range of 80-100 units, indicating consistent demand.
  • This marks a 22% increase from the previous quarter's delivery of 72 trucks and a total of 200 hydrogen fuel cell trucks delivered in 2021.
  • The company saw an 80% surge in deliveries in the second quarter, and its shares rose by approximately 2% in premarket trading following the announcement.
  • The positive trend in hydrogen fuel cell truck deliveries suggests a growing interest and demand in sustainable transportation solutions.
Nikola Corporation announced that it successfully delivered 88 hydrogen fuel cell electric trucks to its dealers in the third quarter of the year, exceeding the company's projected sales range of 80-100 units for the period. This figure represents a notable increase from the 72 trucks delivered in the previous quarter, showcasing steady demand for Nikola's big rigs. In addition, Nikola revealed that it has supplied a total of 200 hydrogen fuel cell trucks to dealers throughout 2021, demonstrating a commitment to advancing sustainable transportation. The company's performance saw a significant upswing with an 80% surge in deliveries reported in the second quarter, further solidifying its position in the market. Following this announcement, Nikola's shares experienced a 2% increase in premarket trading, indicating positive investor sentiment. The consecutive growth in hydrogen fuel cell truck deliveries not only reflects Nikola's operational success but also points towards a promising future for eco-friendly electric vehicles in the transportation industry.
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