- USA Truck, Inc. USAK entered a Letter of Intent (LOI) for an initial purchase of 10 Nikola Tre BEV trucks from Thompson Truck Centers, a member of the Nikola Corp NKLA sales and service dealer network. Financial terms were not disclosed.
- As per the LOI framed a "fleet-as-a-service" model, Thompson Truck Centers will provide sales, service, maintenance, and energy infrastructure required to operate the Nikola Tre BEV trucks, expected to be delivered in the first half of 2022.
- The agreement includes an option to purchase an additional 90 Nikola zero-emission trucks over the next two years.
- Price Action: USAK shares traded higher by 0.53% at $21.05, NKLA is trading higher by 7.85% at $11.13 on the last check Wednesday.
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