Electric truck maker Nikola said Thursday that it has received nearly 300 orders for its new hydrogen fuel cell semitruck — but it's facing what will be a costly recall of its earlier battery-electric trucks.
Nikola recalled all of its Tre battery-electric trucks, 209 in total, in August following a fire caused by a coolant leak in a truck's battery pack.
It expects to resume delivering battery-electric trucks to customers in the first quarter next year.
Despite the recall, a dealer ordered 47 battery-electric trucks during the third quarter, Nikola said.
On an adjusted basis, excluding stock-based compensation, it lost 30 cents per share.
Persons:
Nikola, Steve Girsky
Organizations:
Wall Street, LSEG, CNBC PRO
Locations:
California