Wayfair and Walmart Canada: Driving Sustainability with Electric and Hydrogen Trucks
Key Ideas
  • Wayfair is testing electric trucks from Nikola in California to evaluate transitioning from diesel, focusing on sustainable deliveries.
  • Walmart Canada integrated the first Nikola hydrogen fuel cell electric semi-truck into its fleet, leading in hydrogen truck adoption in North America.
  • Analyst Ben Kallo reduced Nikola's price target but maintains an optimistic outlook due to exceeding Q2 delivery expectations.
  • Nikola's former CEO Trevor Milton addresses legal battles and challenges in an extensive podcast interview post his departure from the company.
Wayfair, a prominent e-commerce company, is testing electric trucks from Nikola in California to assess the shift from diesel to electric trucks for more sustainable deliveries. Walmart Canada also made a significant move by integrating the first Nikola hydrogen fuel cell electric semi-truck into its fleet, becoming the first in North America to operate such a truck. While an analyst reduced Nikola's price target, the firm's positive outlook is fueled by exceeding second-quarter delivery expectations. Moreover, Nikola's former CEO Trevor Milton recently broke his silence in a podcast interview, discussing his legal battles and challenges during his time at the company.
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