PHOENIX, Oct. 2, 2024
/PRNewswire/ -- For Q3 2024, Nikola Corporation (Nasdaq:
NKLA), a global leader in zero-emissions transportation and energy
supply and infrastructure solutions, via the HYLA brand, wholesaled
88 Class 8 Nikola hydrogen fuel cell electric trucks, firmly within
truck sales guidance of between 80 and 100 fuel cell units for the
quarter.
For the first three quarters of 2024, Nikola wholesaled 200
hydrogen fuel cell trucks, and 235 total since the truck went on
sale in Q4 of last year.
"This is a record sales quarter for Nikola, with 88 hydrogen
fuel cell electric trucks wholesaled to our dealers for end
customers, as well as the addition of a first-ever U.S.
dealer-based HYLA modular refueling station," said Nikola CEO
Steve Girsky. "Despite overall
market headwinds, Nikola remains focused on our mission to pioneer
solutions for a zero-emission world, and we're doing it one truck
at a time."
All Nikola trucks are assembled in Coolidge, Ariz.
NOTE: Nikola has not completed its quarterly review process
or the preparation of its financial statements for the third
quarter ended September 30,
2024.
ABOUT NIKOLA CORPORATION
Nikola Corporation's mission is clear: pioneering solutions for a
zero-emissions world. As an integrated truck and energy company,
Nikola is transforming transportation and over-the-road freight
services. With our Class 8 vehicles, including battery-electric
(BEV) and hydrogen fuel cell electric trucks (FCEV), and our energy
brand, HYLA, we are driving the advancement of the complete
hydrogen refueling ecosystem. This encompasses supply,
distribution, and dispensing, reflecting our commitment to
sustainable practices and a cleaner future.
Nikola is based in Phoenix,
Ariz. with a manufacturing facility in Coolidge, Ariz.
Experience our journey to achieve your sustainability goals
at nikolamotor.com or engage with us on social media
via Facebook @nikolamotorcompany,
Instagram @nikolamotorcompany,
YouTube @nikolamotorcompany,
LinkedIn @nikolamotorcompany or
Twitter @nikolamotor.
FORWARD-LOOKING STATEMENTS
This press release
contains certain forward-looking statements within the meaning of
federal securities laws with respect to Nikola
Corporation (the "Company"), including statements relating
to: the belief that the Company is pioneering solutions that will
help transition to a zero emission future; the first ever dealer
based hydrogen fueling station; and making progress one truck at a
time despite market headwinds. Forward-looking
statements are predictions, projections, and other statements about
future events based on current expectations and assumptions and, as
a result, are subject to risks and uncertainties. Many factors
could cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: completion of the Company's review of its third quarter
results; changes to assumptions underlying vehicle sales; the
ability of the Company to access sufficient capital to meet its
requirements and fund its business; manufacturing delays and
difficulties; risks related to the rollout of the Company's
hydrogen fueling infrastructure and the timing thereof;
construction risks and delays; the availability of access to
hydrogen refueling facilities; the level of and cancellation of
customer orders; risks associated with manufacturing batteries and
fuel cell power modules; variations in and characteristics of the
hydrogen fueling location, including but not limited to fueling
hardware and software protocol, fuel amount, and fueling
conditions, any of which may affect refueling times; and the
factors, risks and uncertainties described in the "Risk Factors"
section of the Company's annual report on Form 10-K for the year
ended December 31, 2023 filed
with the SEC, in addition to the Company's subsequent filings with
the SEC. These filings identify and address other important risks
and uncertainties that could cause actual events and results to
differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and, except as required by law, the
Company assumes no obligation and does not intend to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise.
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SOURCE Nikola Corporation