Nikola Corporation announced a significant 22% increase in wholesale deliveries of its hydrogen-powered electric trucks in the third quarter, showcasing steady demand for its Class 8 vehicles. The company successfully delivered 88 hydrogen fuel cell trucks to dealers during the quarter, aligning with its projected range of 80 to 100 units. While this growth was positive, it fell short of the impressive 80% surge in deliveries reported in the previous quarter. Despite challenges in the EV industry and an 82% decline in its stock price for the year, Nikola remains encouraged by the delivery of 200 hydrogen fuel-cell trucks to dealers thus far in 2023. With an initial target of 300 to 350 trucks for the year, the company has sold a total of 235 units since the launch of the truck in the fourth quarter of 2023. Nikola's focus on hydrogen-powered trucks comes after the recall of all battery-electric vehicles in 2023 due to safety issues related to fires caused by a coolant leak. The company is currently working towards completing the rollout of its revamped battery-electric trucks by the end of the year. Amidst industry challenges, Nikola has shown resilience by exceeding Wall Street's revenue expectations in the second quarter and managing losses effectively. The positive response to its hydrogen-powered trucks indicates a shift in consumer demand towards these sustainable vehicles.