Nikola Motor Firm
Supply: Nikola Motor Firm
Electrical heavy-truck maker Nikola mentioned Thursday it produced 133 battery-electric vehicles within the fourth quarter, however delivered simply 20 to sellers, producing income that fell properly wanting Wall Avenue’s expectations.
Nikola mentioned it made a sequence of modifications to its battery-electric truck through the quarter in response to suggestions from early prospects. The corporate additionally confirmed that the fuel-cell model of its truck continues to be on observe to start manufacturing within the second half of 2023, consistent with earlier steerage.
Listed below are the important thing numbers from Nikola’s fourth-quarter earnings report, in contrast with Refinitiv consensus estimates:
- Adjusted loss per share: 37 cents vs. 43 cents anticipated
- Income: $6.6 million vs. $32.1 million anticipated
Nikola’s fourth-quarter manufacturing introduced it to 258 vehicles in-built 2022. That was simply sufficient to hit the guidance range it provided in November, when it mentioned it anticipated to provide between 255 and 305 vehicles for the total 12 months.
Manufacturing ought to ramp up considerably in 2023. Nikola mentioned that traders ought to count on it to ship between 250 and 350 battery-electric vehicles and 125 to 150 of its upcoming fuel-cell vehicles this 12 months. Â
That is breaking information. Please examine again for updates.
