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Dec 31, 2021
Nikola Q4 2021 Earnings Report
Nikola began delivering Pre-Series Tre BEVs to customers and dealers and ramping up production in Coolidge.
Key Takeaways
Nikola Corporation reported financial results for the quarter and full-year ended December 31, 2021. During the fourth quarter, the company began delivering Pre-Series Tre BEVs to customers and dealers, and is ramping up production in Coolidge. Series production of the Tre BEV is anticipated to begin on March 21.
Delivered first Nikola Pre-Series Tre BEVs to customers and dealers
Executed additional customer LOIs, including with Heniff Transportation Systems, USA Truck, Saia LTL Freight, and Covenant Logistics Group
Tre FCEV alphas delivered to Anheuser-Busch for pilot testing
Coolidge, Arizona manufacturing facility Phase 1 anticipated completion by the end of Q1 2022
Forward Guidance
Nikola looks forward to achieving the following milestones in 2022
Positive Outlook
- Deliver 300 - 500 production Nikola Tre BEVs to customers
- Successful pilot testing of Tre FCEV alpha trucks with AB and TTSI and others
- Build, test, and validate 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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