EV maker Nikola's dismal deliveries slam revenue, shares

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:Nikola Corp missed fourth-quarter revenue targets by a wide margin on Thursday as it delivered far fewer electric trucks than it produced, dragging the company's shares 7 per cent lower in early trading.The automaker produced 133 trucks and delivered just 20 vehicles to dealerships in the fourth quarter as c

:Nikola Corp missed fourth-quarter revenue targets by a wide margin on Thursday as it delivered far fewer electric trucks than it produced, dragging the company's shares 7 per cent lower in early trading.

The company also plans to start installation of an automated battery pack assembly line, which it expects will deliver about $105,000 in cost savings in battery modules and packs for each Tre BEV truck by the fourth quarter of the year.

 

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