Nikola Corp (NASDAQ:NKLA) shares are trading slightly higher Wednesday after rising more than 8.5% on Tuesday. The stock appears to be moving on continued momentum after the EV maker announced this week that it sold more trucks than it expected in the second quarter.
What Happened: Nikola said it wholesaled 72 Class 8 hydrogen fuel cells trucks in the second quarter, which was above the high end of its truck sales guidance of 60 units. The company added that it wholesaled a total of 112 trucks in the first half of the year.
"We have maintained our 2024 momentum with solid wholesale numbers, new customers such as Walmart Canada, and repeat customers like 4GEN and IMC, purchasing vehicles through our dealer network," said Steve Girsky, CEO of ...