Nikola Corp. reported a net loss of $384 million in 2020, acknowledging a refocusing of the company and setting a year-end goal for the deliver of its first battery electric truck.
In 2020, Nikola spiked its pickup truck venture with GM and scuttled an agreement with Republic Services to purchase 1,000 trucks.
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Nikola Corp. (NASDAQ: NKLA) extended its timeline Tuesday to show when it will begin producing zero-emission hydrogen-powered fuel cell trucks. But the startup offered no new information on customer orders.
The cabover Tre model originally planned only for Europe will be the first to get a fuel cell after initial production of battery-electric models. Low-volume production of hand-built Tre models will begin in the second quarter at Nikola s plant still under construction in the Arizona desert.
Nikola updated its timeline for production. Source: Nikola Corp.
Ranges of 300 to 900 miles
The battery-electric model will be followed by prototype fuel cell Tre models, which are expected to be given to