Nikola Exceeds Q2 Expectations with Doubling Deliveries and Strong Sales Forecast

The electric truck maker reports significant growth in vehicle deliveries and aims for 300-350 units by year-end.

Nikola's Q2 sales reached $31.3 million, more than double the previous year's $15.4 million.
The company delivered 72 trucks in Q2, doubling deliveries from the same period last year.
Nikola's stock surged 14% following the positive earnings report.
The company plans to increase Q3 deliveries to 80-100 units, targeting up to 350 for the year.
Nikola opened its first commercial hydrogen refueling station in Ontario, Canada, expanding its infrastructure.