Nikola Racks Up Over 200 Orders For Hydrogen Trucks: Can It Turn Fortunes Around?
Portfolio Pulse from Ramakrishnan M
Nikola Corporation has received over 200 sales orders for its Class 8 hydrogen fuel cell electric vehicles. The company's manufacturing facility in Coolidge, Arizona is now fully operational, with deliveries expected to commence later this year. Nikola's success is driven by incentives and partnerships, including the California Air Resources Board’s HVIP program and Canada’s iMHZEV Program. However, the company faces challenges, including skepticism from industry figures like Tesla’s Elon Musk.
August 04, 2023 | 12:43 pm
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Nikola Corporation has received over 200 orders for its hydrogen fuel cell electric vehicles, indicating strong demand. However, skepticism from industry figures like Elon Musk could pose challenges.
The news of over 200 orders for Nikola's hydrogen fuel cell electric vehicles indicates strong demand for the product, which could positively impact the company's stock. However, skepticism from industry figures like Elon Musk could pose challenges and create uncertainty in the market.
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