Nikola Delivers More Hydrogen Semis, Helping It Beat Tesla In Electric Big Rigs

- Nikola Corp delivered more hydrogen-powered fuel cell trucks in the first quarter than expected, potentially surpassing Tesla's electric Semi - Nikola shipped 40 Tre FCEV trucks in the quarter, exceeding analyst expectations - The company is benefiting from new regulations for cleaner heavy-duty commercial vehicles and a new CFO - The CEO announced plans to focus on battery and hydrogen trucks, scrapping previous plans for green hydrogen, electric pickup trucks, military vehicles, and watercraft - Nikola shares closed at 95 cents, up 6.5% on Nasdaq - To survive long-term, Nikola needs to reduce losses and secure funds to scale up truck production - Tesla's Semi truck has not been included in recent delivery figures or financial filings, suggesting it is not being sold in the market where demand is highest - Tesla Semi is not registered for California's clean truck rebate program - Nikola purposefully chose the California market, where it can benefit from state incentives for fleet customers buying the Tre FCEV truck