Nikola Corp reported Q2 2024 revenue increase of 318% to $31.3M due to strong FCEV demand.

Nikola Corp reported Q2 2024 financial results with revenue increasing 318% to $31.3 million, due to strong demand for hydrogen fuel cell electric vehicles (FCEVs). The company wholesaled 72 FCEVs in Q2, up 80% from Q1. Nikola is on track to complete its battery-electric vehicle (BEV) recall program by year-end 2024 and has expanded its fueling solutions through new stations in Ontario, Canada, and Southern California. The company also began generating revenue from regulatory credits.

August 09, 2024
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