Nikola Q3 Earnings: Revenue Miss, EPS Miss, 88 FCEVs Delivered, Fleet Adoption Update And More

Nikola Corp (NASDAQ:NKLA) reported third-quarter financial results before the market open on Thursday. Here’s a rundown of the report.

Q3 Earnings: Nikola reported third-quarter revenue of $25.18 million, missing analyst estimates of $37.23 million, according to Benzinga Pro. The EV maker reported a third-quarter adjusted loss of $2.75 per share, missing estimates for a loss of $2.35 per share.

Nikola said it delivered record sales of 88 fuel cell electric vehicles (FCEV) in the third quarter, up 22% quarter-over-quarter. The company had previously guided for sales of 80 to 100 fuel cell electric trucks in the period. Nikola also said it had 16 ...