Nikola’s Sales Disappoint and Deliveries Fall, Hitting the Stock

Sales at


fell short of expectations by a mile, sending the stock lower despite data showing the electric and hydrogen truck technology company is still making progress in producing vehicles.

Thursday morning,


(ticker: NKLA) reported an adjusted fourth-quarter loss of 37 cents a share from $6.6 million in sales. Wall Street was looking for a 43-cent loss from about $32 million in sales.