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Nikola Sales Gain Despite Battery Crunch Pressuring Deliveries

  • Truck maker beats analyst expectations for revenue, loss
  • Deliveries to dealers in quarter fell short of prior forecast
Nikola Tre battery-electric truck

Nikola Tre battery-electric truck

Photographer: Andreas Gebert/Bloomberg
Updated on

Nikola Corp. reported its first meaningful revenue but said deliveries of battery-electric trucks this year will be at the lower end of guidance on poor battery supply.

Sales in the second quarter were $18.1 million, the Phoenix-based company said Thursday in a statement, beating analysts’ expectations. Nikola also reported a narrower-than-expected loss of 25 cents a share.