TipRanks
Nikola: Making Progress, but Execution Remains Key, Says J.P. Morgan
Nikola (NKLA) investors finally have something to cheer about. On Wednesday, at the company’s Analyst Day, the EV truck startup announced that, as planned, production of the Tre battery electric truck had begun at the Coolidge, Arizona manufacturing facility on March 21. The company also said it expects to deliver 300 to 500 Tre semi-trucks this year and that by mid-2023, manufacturing for the European market will go ahead at the German facility. J.P. Morgan’s Bill Peterson attended the event, w
