Nikola Stock Is Rising. The Company Is Making More Trucks.

Nikola Stock Is Rising. The Company Is Making More Trucks.

Business
November 3, 2022 by secret
229
Stock in the electric and hydrogen truck-technology firm Nikola is rising after the company reported better-than-expected third-quarter sales. The company is ramping up production—a good sign for any EV startup. Wednesday, Nikola (ticker: NKLA) reported $24.2 million in sales, while Wall Street was expecting $22.7 million. The company didn’t have revenue in the third quarter
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Stock in the electric and hydrogen truck-technology firm

Nikola


is rising after the company reported better-than-expected third-quarter sales. The company is ramping up production—a good sign for any EV startup.

Wednesday,

Nikola


(ticker: NKLA) reported $24.2 million in sales, while Wall Street was expecting $22.7 million. The company didn’t have revenue in the third quarter of 2021 because it wasn’t making trucks yet.



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