Nikola Sells 88 Hydrogen-Powered Trucks In Q3 2024

10/14/2024 11:06:23 PM

(MENAFN- Investor Brand Network) Nikola Corporation (NASDAQ: NKLA)
is making moves in the electric truck world, and this time, it's all about hydrogen. The company recently delivered
88 Class 8
hydrogen fuel cell trucks in the third quarter, which marks a
22% increase
from the previous quarter. Even though it didn't match the massive 80% surge it saw at the beginning of the year, Nikola is right on track. Investors have taken note of this, resulting in the company's stock jumping by 9.5% after the announcement.

But before we get too excited, let's keep in mind that Nikola's stock has had a rough year. It's down more than 82% so far. A big reason for this is the overall slowdown in the electric vehicle (EV) industry, with consumer demand softening across the board. That said, the jump in truck deliveries shows there's...

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