Nikola Doubles Q2 Retail Sales From Q1, Reiterates Plans Of Focusing On North American Markets
Portfolio Pulse from Nabaparna Bhattacharya
Nikola Corporation (NASDAQ:NKLA) reported Q2 retail sales of 45 battery-electric trucks, up from 31 in Q1, and reiterated its focus on the North American market. The company also doubled its retail truck deliveries to 66 units in Q2. Nikola is working on reducing costs and producing high-quality Class 8 zero-emission trucks. The company's year-to-date production totals 96 units. NKLA shares are trading higher by 0.66% to $1.3791.
July 05, 2023 | 2:05 pm
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Nikola Corporation reported increased Q2 sales and doubled retail truck deliveries, indicating positive growth. The company's focus on the North American market and zero-emission trucks could attract investors.
The reported increase in Q2 sales and doubled retail truck deliveries indicate a positive growth trajectory for Nikola Corporation. The company's focus on the North American market and zero-emission trucks aligns with current market trends and could attract investors, potentially driving the stock price up.
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