Nikola shares dip following 2Q delivery report

Shares of American heavy-duty electric vehicle maker, Nikola (NASDAQ:) dropped as much as 3% in early trading after the company reported their 2Q production and delivery numbers for its battery-electric truck. Nikola reportedly delivered 45 wholesale trucks and 66 retail trucks in the quarter ended June 30, 2023. That compares to 31 wholesale and 33 retail deliveries in the first quarter.

The company produced 33 trucks in the quarter, bringing their year-to-date total to 96.

“It is not easy being a pioneer in the zero-emission Class 8 truck space, but we are witnessing a remarkable surge in momentum,” said Nikola CEO Michael Lohscheller. “We take great pride in our current achievements and the influx of orders coming in for our soon-to-be-produced hydrogen fuel cell electric truck. I believe there has not been a better time to be at Nikola as we move forward, together.”

Nikola has not completed its quarterly closing and review process or the preparation of its financial statements for the second quarter, and will announce full financial results on Friday, August 4, 2023.

Shares of NKLA are down 1.47% in premarket trading on Wednesday.