NKLA - Nikola Q4 results mixed plans to deliver 250-350 Tre BEV trucks for FY 2023

• Nikola ( NASDAQ: NKLA ): Q4 Non-GAAP EPS of -$0.37 beats by $0.05 .
• Revenue of $6.6M misses by $26.89M .
• • On track to be first to market and commercialize fuel cell electric vehicles (FCEVs) with deliveries expected in Q4 2023.
• • Received Tre FCEV orders for up to 75 from Plug Power ( PLUG ) and 15 from Biagi Brothers.
• • "As of today, we have completed the build and commissioning of 17 FCEV beta trucks and are now in the process of building 10 gamma trucks, which will be used for additional pilot testing and vehicle validation. We remain on track to begin SOP and expect to deliver the first FCEVs to customers in 2H 2023." - NKLA.
• • During Q4, produced 133 Nikola Tre BEVs delivering 20 to dealers.
• • • Phase 2 assembly hall expansion in Coolidge is expected to be complete by the end of Q1.
  • • NKLA plans to deliver 250–350 Tre BEVs to dealers for FY 2023. Co plans to deliver 125–150 Tre FCEVs in Q4 2023.
  • • NKLA plans to complete the build of 10 gamma FCEVs by Q2 2023.
  • • NKLA plans to achieve final investment decision for the Phoenix Hydrogen Hub by Q3 2023.
  • • Press release
  • • Shares +3% in premarket trading.

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