On October 31, 2024, Nikola Corporation, a leader in zero-emissions transportation, announced its financial results for the third quarter ended September 30, 2024. The company reported a significant increase in sales and adoption of its hydrogen fuel cell electric trucks (FCEVs), with 88 units delivered, marking a 22% increase from the previous quarter. Nikola also noted a 78% year-to-date increase in FCEV fleet adoption, with 16 end fleets deploying Nikola FCEVs and 32 distinct end fleets across both powertrains. The company expanded its dealer network with the addition of GTS Group in Southern California and reiterated its year-end volume guidance of 300-350 FCEVs. Nikola's HYLA Energy expects to deliver 10 fueling solutions by year-end and has seen a 350% increase in hydrogen fuel dispensed at its...Show More

On October 31, 2024, Nikola Corporation, a leader in zero-emissions transportation, announced its financial results for the third quarter ended September 30, 2024. The company reported a significant increase in sales and adoption of its hydrogen fuel cell electric trucks (FCEVs), with 88 units delivered, marking a 22% increase from the previous quarter. Nikola also noted a 78% year-to-date increase in FCEV fleet adoption, with 16 end fleets deploying Nikola FCEVs and 32 distinct end fleets across both powertrains. The company expanded its dealer network with the addition of GTS Group in Southern California and reiterated its year-end volume guidance of 300-350 FCEVs. Nikola's HYLA Energy expects to deliver 10 fueling solutions by year-end and has seen a 350% increase in hydrogen fuel dispensed at its commercial stations since the beginning of the year. The company also reported the return of 78 battery-electric vehicles (BEVs) '2.0s' to end fleets and dealers. Financially, Nikola experienced a net loss of $199.8 million for the quarter, with a gross loss of $61.9 million and a loss from operations of $178.8 million. The net loss per share from continuing operations was $3.89. Despite these losses, the company remains focused on its mission to pioneer solutions for a zero-emissions world and continues to make strides in the commercial transportation sector.