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Nikola Corp exceeded market estimates for quarterly revenue on Thursday as the electric-vehicle maker delivered more semi trucks after a production ramp-up, sending its shares 6% higher in trading before the bell.
Nikola said it was on track to reach its 2022 delivery target of between 300 and 500 Tre BEV semi trucks.
Revenue was $18.1 million in the second quarter, compared with the $16.5 million expected by analysts, according to IBES data from Refinitiv.
The company’s net loss widened to $173 million, from a loss of $143.2 million a year earlier.
(Reporting by Akash Sriram in Bengaluru; Editing by Aditya Soni)