Nikola Corp. plans to build 300 to 500 battery-electric Class 8 trucks this year and record up to $150 million in revenue. It expects to be profitable on a gross margin basis in 2023.
After months of negative stories centering on the alleged misdeeds of Trevor Milton, the company’s founder and former executive chairman, the Phoenix-based company is finally able to focus on producing advanced technology trucks.
Nikola has contracts, letters of intent and memorandums of understanding for 1,385...