NKLA Stock Surges 8% as Nikola Beats Q1 Delivery Estimates

Nikola (NASDAQ:NKLA) stock is up on Thursday after the hydrogen fuel cell electric vehicle (EV) company’s deliveries for the first quarter of 2024 beat out estimates.This saw the company report a total of 40 vehicle deliveries during the quarter. That beat out the consensus estimate of 30 units from four analysts.It’s also worth mentioning that Nikola produced 43 total units during this same time. The company says that the three units that weren’t delivered in Q1 have already been allocated and will be deli ...