Nikola reported a 22% increase in wholesale deliveries of hydrogen-powered electric trucks in the third quarter, delivering 88 Class 8 hydrogen fuel cell trucks to dealers, meeting the company's sales expectations. However, this growth was slower compared to the previous quarter's surge. Despite a substantial decline in stock value this year, Nikola's shares saw a 9.5% jump in early trading following this announcement. The company has delivered a total of 200 hydrogen fuel-cell trucks to dealers in 2023 and aims for 300 to 350 trucks by year-end. Nikola is benefiting from new customer orders for its hydrogen-powered trucks, which marks a strategic shift away from its battery-powered vehicles that were recalled in 2023 due to safety issues. Despite the challenges faced by the EV industry, Nikola remains positive, with plans to complete the rollout of its revamped battery-electric trucks by the end of the year. The company also exceeded Wall Street revenue estimates in the second quarter, indicating a promising business performance amidst industry challenges.