Nikola Halves Delivery Estimates for 2021, Blames Suppliers for That

Nikola is still managing the bad repercussion of having its founder, Trevor Milton, charged by federal prosecutors. If that was not enough, it also did not have good news to share in its Q2 2021 conference call. The company halved its electric truck delivery estimates for 2021. Although the volumes were not that big, it came as a disappointment to investors. Instead of 50 to 100 electric trucks, Nikola said it would probably deliver betwe... (continue reading...)