Nikola Motor Company
Source: Nikola Motor Company
Nikola on Thursday reported revenue for the second quarter that beat Wall Street expectations as it delivered 48 of its electric heavy trucks. The company also reported a smaller-than-expected loss for the period.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Revenue: $18.1 million, vs. $16.5 million expected.
- Adjusted loss per share: 25 cents, versus vs. 27 cent per-share loss expected.
Nikola built 50 trucks during the second quarter, 48 of which were delivered to its dealers before quarter-end. All 50 of those trucks were battery-electric versions of its Tre semi. That was slightly below Nikola’s own forecast, which had called for between 50 and 60 deliveries in the period.
“The primary reason for our deliveries coming in at the low end of our guidance range was…