EV Maker Nikola Beats Revenue Estimates On Higher Deliveries
Nikola Corp exceeded market estimates for quarterly revenue on Thursday as the electric-vehicle maker delivered more semi trucks after a production ramp-up, sending its shares 6% higher in trading before the bell.
The company produced 50 Tre battery electric vehicles at its facility in Coolidge, Arizona, in the April-June quarter and delivered 48 units to dealers.
Nikola said it was on track to reach its 2022 delivery target of between 300 and 500 Tre BEV semi trucks..
Revenue was $18.1 million in the second quarter, compared with the $16.5 million expected by analysts, according to IBES data from Refinitiv.
The company's net loss widened to $173 million, from a loss of $143.2 million a year earlier.
Electric-vehicle companies have been grappling with higher costs this year as the Russia-Ukraine war and rising inflation drive up prices of battery materials and other components.
Latest News
car&bike Team | Jul 1, 2026BYD eMax 7 Comfort Launched At Rs 27.90 LakhNew mid variant slots in between the Premium and Superior trim and comes with the 71.8 kWh battery.1 min read
car&bike Team | Jul 1, 2026BYD Cars Prices Hiked By Up To Rs 1 LakhBYD India has revised prices across select variants in its electric passenger vehicle line-up, with increases ranging from Rs 50,000 to Rs 1 lakh.1 min read
Jaiveer Mehra | Jul 1, 2026Fifth-Gen BMW X5 Debuts With ICE, Hybrid, EV & FCEV PowertrainsNew X5 adopts the ‘Neue Klasse’ design from the smaller X3 while offering a wide range of powertrain options.1 min read
Jafar Rizvi | Jul 1, 2026Lamborghini Urus SE Performante Revealed As Brand’s Most Powerful SUV YetPacking 801 bhp and a 0-100 kmph time of 3.3 seconds, it is the quickest and most powerful Urus to date.3 mins read
car&bike Team | Jul 1, 2026Ather 450X Overtones Series Launched; Gets Faster Charging & New ColoursThe 450X Overtones series features three new colours, a new 900W charger as well as the updated Atherstack 7 software platform, which unlocks new features.1 min read
car&bike Team | Jul 1, 2026VIDA Reveals New Brand Logo, Enters Asia Book of RecordsHero MotoCorp's EV arm, VIDA, has introduced a redesigned logo that reflects its expanding electric mobility ambitions.1 min read
Seshan Vijayraghvan | Jun 29, 2026Renault Kiger vs Toyota Urban Cruiser Taisor: Which Underdog Deserves Your Money?Both the Kiger and the Taisor promise strong performance, solid features, comfortable cabins and everyday usability, all without breaking the bank. But which of these underrated subcompact SUVs deserves your money? Let's find out.1 min read
Seshan Vijayraghvan | Jun 29, 2026Skoda Kodiaq RS Review: The Best Kodiaq Yet?The Skoda Kodiaq RS is finally here, and it's every bit as exciting as I expected. But was it worth the wait?7 mins read
Bilal Firfiray | Jun 28, 2026BMW X6 M60i Review: It’s Back And HOW!The BMW X6 M60i blends a 530bhp twin-turbo V8, with its unmistakable coupe-SUV styling. There’s plenty of character, but is it worth your money?6 mins read
Janak Sorap | Jun 25, 2026350cc Bajaj Dominar 400 Review: Same Character, Lower PriceA slightly lower displacement engine, a significantly lower price tag and nearly the same performance — the Bajaj Dominar 400 aims to be smarter rather than faster.6 mins read
Preetam Bora | Jun 25, 20262026 Bajaj Pulsar NS400Z First Ride Review: Smaller Engine, But Should You Buy It?The Bajaj Pulsar NS400Z won our Two-Wheeler Upgrade of the Year. Then new tax slabs happened. Smaller engine, same badge – but does it still deliver?6 mins read