Nikola Outperforms in EV Truck Market with Strong Q1 Deliveries
Nikola Corp sees a notable rise in its stock following the delivery of 40 hydrogen fuel cell trucks, surpassing Tesla and other rivals in the electric heavy truck sector.
- Nikola Corp delivered 40 hydrogen fuel cell electric trucks in Q1, leading to a significant stock rally.
- Despite past setbacks, including fire incidents and executive changes, Nikola's stock is up 14.46% year-to-date.
- The company's focus on hydrogen trucks and the anticipated return of its recalled BEVs contribute to its upward trend.
- Nikola beats Tesla in the electric heavy truck market, with stronger Q1 deliveries and a growing hydrogen fuel infrastructure.
- Nikola's future depends on the growth of hydrogen-powered trucks, with a target to deliver up to 350 units in 2024.
Benzinga 
Forbes 