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Mar 31, 2022
Nikola Q1 2022 Earnings Report
Nikola reported first quarter results, began serial production of the Nikola Tre BEV, and shipped saleable production trucks.
Key Takeaways
Nikola Corporation reported financial results for the quarter ended March 31, 2022. They began serial production of the Nikola Tre BEV on March 21 and shipped 11 saleable production trucks to dealers in April. The company is scaling production and aims to deliver 300-500 production vehicles this year.
Started serial production of the Nikola Tre BEV on March 21.
Received Purchase Orders (POs) for 134 Tre BEVs utilizing California’s HVIP incentive through April.
Shipped 11 saleable production trucks to dealers in April for customer delivery.
Completed Tre FCEV alpha pilot testing with Anheuser-Busch (A-B) in Southern California operations in April.
Forward Guidance
Nikola looks forward to achieving the following milestones in 2022
Positive Outlook
- Deliver 300 to 500 production Tre BEV trucks
- Successful FCEV alpha pilot testing with Anheuser-Busch and TTSI
- Build, validate and test Tre FCEV beta trucks
- Announce location, break ground, and commence construction of the first hydrogen production hub in Arizona
- Announce two or more dispensing station partners in California
Historical Earnings Impact
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Avg. Return Before/After Earnings
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