Nikola’s fourth-quarter revenue falls short as it delivers just 20 trucks

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Nikola Motor CompanySource: Nikola Motor CompanyElectric heavy-truck maker Nikola said Thursday it produced 133 battery-electric trucks in the fourth quarter, but delivered just 20 to dealers, generating revenue that fell well short of Wall Street’s expectations.Nikola said it made a series of changes to its battery-electric truck during the quarter in response to feedback from early customers. The company also confirmed that the fuel-cell version of its truck is still on track to begin production in the second half of 2023, in line with earlier guidance.The stock was down about 4% in early trading after initially rising premarket.Here are the key numbers from Nikola’s fourth-quarter earnings report, compared with Refinitiv consensus estimates:Adjusted loss per share: 37 cents vs. 43 cents expectedRevenue: $6.6 million vs. $32.1 million expectedNikola’s fourth-quarter net loss was $222.1 million, or 46 cents per share. The truck maker l …

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