"Nikola Corp's Market Fluctuations: Assessing Investment Potential Amidst Electric Truck Production"
Originally Published 2 years ago — by Nikola Motor
Nikola Corporation announced the successful production and wholesale of 42 and 35 hydrogen fuel cell electric trucks (FCEVs), respectively, in 2023, marking a significant step in sustainable transportation. These Class 8 trucks, designed and assembled in the U.S., boast a range of up to 500 miles and a refueling time as low as 20 minutes. Nikola's CEO, Steve Girsky, highlighted the trucks' 98% uptime in customer pilot programs, emphasizing the company's commitment to a zero-emissions future. The company is set to deliver more trucks in 2024 and will soon announce its 2023 financial results and 2024 outlook.