Nikola beats Q2 2024 EPS estimates, increases production capacity, and partners with General Motors.

Nikola (NKLA) Q2 2024 earnings beat estimates by $0.11 EPS, with $17M revenue, a 50% YoY increase. The company also increased its production capacity and announced a partnership with General Motors. Three key takeaways for investors: 1) Earnings beat expectations, 2) Production capacity expanded, 3) Partnership with GM.