Nikola reports record hydrogen truck deliveries and expands dealer network in Q3 2024

Nikola Corporation reported a record 88 wholesale deliveries of hydrogen fuel cell electric trucks in the third quarter of 2024, marking a 22% increase from the previous quarter. Year-to-date, fleet adoption of these trucks rose by 78%, with 16 fleets now using Nikola's vehicles. The company expanded its dealer network for the first time since launching its fuel cell electric vehicle, adding GTS Group in Southern California. Nikola reiterated its guidance of delivering 300-350 fuel cell electric vehicles by the end of the year. Financially, Nikola reported total revenues of $25.2 million for the quarter, compared to a loss of $61.9 million. The net loss from continuing operations was $199.8 million, an improvement from $425.8 million in the same quarter last year.