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Sep 30, 2024
Nikola Q3 2024 Earnings Report
Reported record sales of hydrogen fuel cell electric trucks and increased FCEV fleet adoption.
Key Takeaways
Nikola Corporation reported third-quarter results with record sales of hydrogen fuel cell electric trucks, a 78% increase in FCEV fleet adoption year-to-date, and a nearly 350% increase in hydrogen fuel dispensed at commercial stations year-to-date. The company delivered 88 FCEVs to its dealer network, up 22% from last quarter, and reiterated its year-end FCEV volume guidance of 300-350 trucks.
Record 88 wholesale deliveries of hydrogen fuel cell electric trucks in Q3, up 22% quarter over quarter.
FCEV Fleet adoption up 78% year-to-date, with 16 end fleets deploying Nikola FCEVs, 32 distinct end fleets across both powertrains.
Expanded dealer network for the first time since launch of the FCEV.
Reiterating year-end volume guidance of 300-350 FCEVs.
Forward Guidance
Nikola reiterated its FCEV volume guidance of 300-350 trucks by year-end and expects to deliver 10 HYLA fueling solutions by year-end.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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