$NKLA Earnings and Deliveries Discussed

Electrek headline: Nikola Q2 2022 earnings: rising Tre BEV deliveries, remains on track for rest of the year
Peter Johnson

- Aug. 4th 2022 10:23 am PT


So far, the company operates out of two units, truck and energy. The company’s trucking segment designs and sells electric semi-trucks. And the energy business is developing a hydrogen fueling ecosystem and EV charging system to support the growing need for electric charging.

After shaking off its turbulent past, Nikola is emerging as a competitor in the EV trucking market. For example, in the first quarter, Nikola only delivered 11 of its flagship Tre BEVs. In the company’s Q2 2022 earnings, Nikola topped Wall Street estimates while delivering 48 Tre BEVs.

The company believes its competitive advantages give it an estimated $600 billion per year total addressable market (TAM).

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