Weekly Recap: 13 Press Releases You Might Have Missed streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Nikola Hydrogen Trucks: The upbeat delivery figures come at a time when the EV industry is facing challenges from waning demand as high interest rates to curb inflation pressure consumers spending budgets, compelling them to opt for cheaper hybrid vehicles.
Nikola produced 43 and wholesaled 40 Class 8 Nikola hydrogen fuel cell EVs in the first quarter of 2024 and announced it has begun to return its battery-electric trucks (BEV) associated with a voluntary recall last year. Nikola announced on Friday it will report its first-quarter financial results on May 7 and host a conference call to discuss the results at 10:30 a.m. ET the same day. According to estimates from Benzinga Pro, the company is expected to report losses of 10 cents per share and quarterly revenue of $14.235 million.
The Hydrogen Stream: Nikola beats expectations for hydrogen vehicle sales pv-magazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pv-magazine.com Daily Mail and Mail on Sunday newspapers.