Nikola, the EV maker based in Phoenix, Arizona, announced that it delivered 88 Class 8 hydrogen fuel cell trucks to dealers in the third quarter of 2024, aligning with its sales projections of 80 to 100 units. While there was a 22% increase in deliveries compared to the previous quarter, the growth rate fell short of the 80% surge reported earlier. The company has successfully sold a total of 235 units since the truck was introduced for sale in the final quarter of 2023, indicating steady demand for its hydrogen-powered electric trucks. Although Nikola's stock performance has been weak, with an 82% decline this year, the market responded positively to the recent delivery figures, leading to a 9.5% jump in share prices. Nikola's shift towards hydrogen trucks has been beneficial, especially after facing challenges with its battery-powered vehicles due to safety concerns. The company aims to deliver 300 to 350 hydrogen fuel-cell trucks by the end of the year and remains on track in revitalizing its electric truck lineup. Despite the setbacks, Nikola managed to exceed revenue expectations in the second quarter of 2024 and reported a smaller-than-expected loss, demonstrating signs of financial improvement amidst industry challenges.