As a technology integrator, Nikola Corporation (NKLA) is engaged in developing energy and transportation solutions. The company offers integrated truck technology, hydrogen fueling and charging infrastructure, and related maintenance through two business units: Truck and Energy. I will discuss why it may not be worth buying the stock now in this piece.
During its earnings release, NKLA disclosed that it produced 133 battery-electric trucks in the fourth quarter, of which it could deliver only 20 to dealers due to the changes it made to its battery-electric truck during the quarter in response to feedback from early customers. As a result, the company’s total quarterly revenue of $6.56 million fell short of Street expectations.
