Nikola Delivers First Tre Battery Electric Trucks 

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Nikola Delivers First Tre Battery Electric Trucks 

By Sam Boughedda

Investing.com — Nikola Corp (NASDAQ: NKLA ) announced Friday it has delivered the first Nikola Tre battery-electric vehicle (BEV) pilot trucks to Total Transportation Services, a Southern California port trucking company.

Nikola shares are up 6.5%, to $9.93, following the news. 

The company held a ceremony to mark the occasion with various dignitaries attending, including members of Congress and representatives.

"Nikola committed to make its first Tre BEV deliveries in Q4 2021 and it is a big honor to celebrate this milestone with our partner, TTSI, and dignitaries who are committed to advancing zero-emission transportation solutions to reduce truck emissions in port operations," said Nikola CEO Mark Russell. 

"TTSI has significant sustainability goals, and we are pleased to help them achieve their vision with our zero-emission trucks."

In May, Nikola and TTSI signed a letter of intent for 100 Nikola trucks, beginning with a four-truck pilot. 

Based on vehicle trials and once TTSI has obtained certain government funding, 30 battery electric vehicles are expected to follow later in 2022, with 70 fuel cell electric vehicles anticipated for 2023.

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