-Nikola Corp exceeded market estimates for quarterly income on Thursday because the electric-vehicle maker delivered extra semi vans after a manufacturing ramp-up, sending its shares 6% larger in buying and selling earlier than the bell.
The corporate produced 50 Tre battery electrical autos at its facility in Coolidge, Arizona, within the April-June quarter and delivered 48 items to sellers.
Nikola stated it was on monitor to achieve its 2022 supply goal of between 300 and 500 Tre BEV semi vans..
Income was $18.1 million within the second quarter, in contrast with the $16.5 million anticipated by analysts, based on IBES information from Refinitiv.
The corporate’s internet loss widened to $173 million, from a lack of $143.2 million a 12 months earlier.
Electrical-vehicle firms have been grappling with larger prices this 12 months because the Russia-Ukraine conflict and rising inflation drive up costs of battery supplies and different elements.
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