Nikola Corporation experienced a significant surge in stock value by 17% following the release of its impressive Q2 financial results, which exceeded market expectations. The company reported a revenue of $31.3 million for the second quarter, surpassing the anticipated $27.1 million, and posted a lower loss per share than expected. This positive performance was primarily driven by an 80% increase in quarterly deliveries, specifically 72 hydrogen trucks hitting the roads. Nikola's strategic shift from battery-powered to hydrogen fuel cell trucks seems to be paying off, as it has attracted major clients like Walmart Canada and has reignited investor confidence in the company. This success comes at a time when the broader EV industry is facing challenges such as slowing demand. The focus on hydrogen trucks by Nikola signifies a potential turning point in the clean energy landscape, as traditional battery EVs encounter consumer hesitancy and market saturation. Major deals and the increased delivery of hydrogen trucks indicate a strong demand and interest in this alternative energy source. However, despite the positive results, Nikola's cash reserves have decreased, underlining the importance of financial caution as the company progresses with its hydrogen strategy and works towards completing its battery-electric trucks rollout by the end of the year.