Exciting news for investors as Nikola Corp. (NASDAQ: NKLA) announces the comeback of its battery-electric trucks, signaling a fresh start after safety setbacks that halted operations last year.
New Beginnings
Nikola recently shared a glimpse of hope through a social media post, displaying a hydrogen fuel cell electric truck guiding a revamped battery-electric truck towards California.
After initially facing fire concerns, the company recalibrated its strategy. CEO Steve Girsky vowed to resume deliveries of electric trucks by the end of the first quarter, equipped with new and improved battery packs.
Enhanced Features
Dubbed “BEV 2.0,” these rejuvenated vehicles boast upgraded battery packs, on-time charging capabilities, a modernized instrument display, and a user-friendly mobile app. Remarkably, Nikola hints at the potential for lighter trucks, promising enhanced payload capacity.
Looking ahead, the company aims to distribute a minimum of 100 battery-powered trucks throughout the year, signaling a revival in operations.
Price Action: Nikola’s stock surged by 14.4% to close at $1.04 on Thursday, reflecting a year-to-date increase of 25.3% as reported on Benzinga Pro.
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Photo courtesy: Nikola
