Stock in the electric and hydrogen truck-technology firm
Nikola
is rising after the company reported better-than-expected third-quarter sales. The company is ramping up production—a good sign for any EV startup.
Wednesday,
Nikola
(ticker: NKLA) reported $24.2 million in sales, while Wall Street was expecting $22.7 million. The company didn’t have revenue in the third quarter of 2021 because it wasn’t making trucks yet.
Source: https://www.barrons.com/articles/nikola-stock-earnings-ev-51667486424?siteid=yhoof2&yptr=yahoo