Nikola Doubles Q2 Retail Sales From Q1, Reiterates Plans Of Focusing On North American Markets

Nikola Corporation NKLA sold 45 battery-electric trucks in the second quarter, significantly higher than 31 in the first quarter, continuing its refocused plan of concentration on the North American market.

Deliveries for its retail truck doubled to 66 units in the quarter that ended June 30, 2023, vs. Q1 (higher than 33 trucks in Q1). 

The company is also focussing on reducing costs and producing the highest-quality Class 8 zero-emission trucks.

Nikola's year-to-date production totaled 96 units. 

Also Read: Why Is Nikola Stock Trading Lower Wednesday

"We take great pride in our current achievements and the influx of orders coming in for our soon-to-be-produced hydrogen fuel cell electric truck," said Nikola CEO Michael Lohscheller. "I believe there has not been a better time to be at Nikola as we move forward, together."

Also Read: Here's How Many Vehicles Tesla Has Delivered And Produced In Each Quarter Since 2019

Price Action: NKLA shares are trading higher by 0.66% to $1.3791 on the last check Wednesday.