Nikola delivered a record number of fuel cell trucks in the third quarter of 2024, specifically 88 units. However, the US manufacturer still posted a net loss of nearly 200 million dollars.
The bottom line is 199.78 million dollars in losses in the third quarter of 2024. That is actually less than half of what it was in Q3/2023 when net loss from continuous operations amounted to nearly 426 million dollars. For the first nine months of the year, Nikola thus posted a loss of 481 million dollars (compared to $711 million in the same period last year).
Overall, the US electric truck maker produced 83 vehicles and delivered 90 units. As Nikola points out, 88 of these were fuel cell trucks – a new delivery record for the company. “Year-to-date, we had record sales of hydrogen fuel cell electric trucks, a 78% increase in FCEV fleet adoption, and a nearly 350% increase in hydrogen fuel dispensed at our commercial stations,” said Stephen Girsky, President and CEO of Nikola.
The 88 FCEVs delivered represent a 22 per cent growth compared to the second quarter of this year, when Nikola delivered 72 fuel cell trucks. In total, the manufacturer sold 235 FCEVs wholesale, hoping to reach “300-350 trucks by year-end.”
