Nikola Beats Q1 Estimates With 40 Hydrogen Truck Deliveries, Eyes Further Growth

• Nikola delivered 40 hydrogen trucks in Q1 2022, beating estimates of 30 units • The company produced 43 trucks in Q1 and delivered remaining inventory in early April • Nikola opened 2 new hydrogen refueling stations in March to support truck deliveries • CEO expects further sales growth as more hydrogen stations come online • Shares traded 10% higher on upbeat delivery figures amid industry challenges