Nikola Shares Jumped over 4% in Morning Trading

Tiger Newspress2022-02-24

Nikola Shares Jumped over 4% in Morning Trading. Nikola reported narrower loss than anticipated, updated on pilot programs.Nikola reported an adjusted EBITDA loss for Q4 of $90.4M vs. -$134M consensus.

Investors will be focused on Nikola's Tre BEV update. The electric vehicle maker said it delivered the first two Nikola Tre BEVs to TTSI in California as a part of a three-month pilot program.

"Since placing the trucks into service with TTSI, the trucks have hauled multiple loads per day and logged over 4,500 miles combined. The trucks have completed a 204-mile journey on a single charge, the longest range of any BEV TTSI has tested. We are pleased with the pilot results and look forward to delivering saleable Nikola Tre BEVs to customers in the second quarter of 2022."

Nikola also said it began pilot operations with Anheuser-Busch on January 24. Two Nikola Tre FCEV alphas are undergoing a three-month pilot in daily service within the brewer's Southern California distribution network.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Mindthink
2022-02-25
Mindthink
Ok
Cedric Tan
2022-02-25
Cedric Tan
Let push it up again
Kellylohlim
2022-02-25
Kellylohlim
Great
Cedric Tan
2022-02-25
Cedric Tan
Let push the price up
xoxoll
2022-02-25
xoxoll
Help me like
EHG
2022-02-25
EHG
Like

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