EV truck maker Nikola misses first-quarter revenue estimates [Reuters]
Tesla, Inc. (TSLA)
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Source: Reuters
May 7 (Reuters) - Nikola missed Wall Street expectations for quarterly revenue on Tuesday, as the electric truck maker delivered fewer hydrogen fuel cell trucks amid an uncertain macroeconomic outlook and reduced spending by customers. The company reported revenue of $7.5 million, missing expectations of $15.8 million, according to LSEG data. Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up Reporting by Zaheer Kachwala in Bengaluru; Editing by Arun Koyyur Our Standards: Electric cars rule China's largest auto show Livestream shows Lufthansa plane's rough landing Tesla axes new Model 2, but promises cheaper cars Renault says new models will lift 2024 sales Tesla cuts prices in China, Germany and around globe Tesla to recall 3,878 Cybertrucks UK's easyJet sees strong summer momentum Investors want answers from Musk on affordable car 3D printing overtakes
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