Nikola (NASDAQ:NKLA) stock is in the news today after the zero-emissions vehicle company announced a new truck order milestone.
According to a press release from the company, it has surpassed 200 Class 8 truck orders. This has the company having received orders for 202 of its Class 8 Nikola hydrogen fuel cell electric vehicles (EVs) from 18 customers.
These trucks feature a range of 500 miles and recently entered production. That has Nikola expecting to start delivering the vehicles to customers later this year. The trucks are focused on offering hauling solutions to companies and only take 20 minutes to refuel.
Michael Lohscheller, President and CEO of Nikola, said the following about the news:
“We are proud to achieve this milestone of 202 sales orders together with our dealer network, as we believe it demonstrates the level of confidence our customers and stakeholders have in our vision and technology, as well as our HYLA hydrogen supply and infrastructure solutions.”
NKLA Stock Movement
Despite today’s truck order announcement, shares of NKLA stock are down 3% as of this morning. That comes with some 45 million shares on the move. The company’s daily average trading volume is about 73 million shares.
Investors will also keep in mind that NKLA stock has seen several rallies recently. As a result of that, the company’s shares are up 36.9% since the start of the year.
Investors seeking out even more of the most recent stock market news today are in the right place!
InvestorPlace is home to all of the hottest stock market coverage that traders need to know about on Wednesday! Among that is what has shares of Tupperware Brands (NYSE:TUP) stock, SolarEdge Technologies (NASDAQ:SEDG) stock and Yellow (NASDAQ:YELL) stock in the news today. You can catch up on all of these matters at the following links!
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
