Nikola (NKLA) Posts Smaller-than-Expected Q1 Loss

May 7, 2021 8:37 AM EDT
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Nikola (NASDAQ: NKLA) reported Q1 EPS of ($0.14), $0.13 better than the analyst estimate of ($0.27).

"During the first quarter Nikola continued to deliver on our previously communicated milestones and execute on our business plan," said Mark Russell, Nikola\'s Chief Executive Officer. "We have had continued success in commissioning and validating the Nikola Tre BEVs, and are nearing completion of both our Ulm, Germany and Coolidge, Arizona manufacturing facilities."

GUIDANCE:

Nikola looks forward to achieving the following milestones in 2021:

  • Start of vehicle trial production at the JV manufacturing facility at IVECO\'s industrial complex in Ulm, Germany in June 2021;
  • Start of vehicle trial production at the greenfield manufacturing facility in Coolidge, Arizona in July 2021;
  • Break ground on our first commercial hydrogen station;
  • Announce additional hydrogen infrastructure/ecosystem partners;
  • Announce additional fleet testing customers; and
  • Deliver the first Nikola Tre BEVs to customers during the fourth quarter of 2021.

For earnings history and earnings-related data on Nikola (NKLA) click here.



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