Written by Cláudio Afonso | LinkedIn | X
Nikola announced on Tuesday that AiLO Logistics, a drayage carrier operating in the Ports of Los Angeles and Long Beach, has placed an order for 100 Nikola hydrogen fuel cell electric vehicles (FCEVs) from Tom’s Truck Centers, a member of the Nikola sales and service dealer network.
Deliveries for this new order are scheduled for 2025. This follows a previous order of 50 Nikola FCEVs from Tom’s Truck Centers, with deliveries from that initial order having commenced and continuing throughout 2024.
In a statement, AiLO highlighted the inclusion of 100 Nikola hydrogen FCEVs into their operations to meet the growing demands of the port industry.
“Nikola trucks are on the road today, and the biggest test of our trucks is measured by our customers and their repeat orders,” said Ryan Clayton, Global Head of Sales, at Nikola.
“Having a prominent and mission-driven customer in AiLO not only purchase trucks for 2024 but double their order for 2025 is an honor for our organization and a testament to their drive to make a difference. We are glad to support with Class 8 vehicles as well as our HYLA energy infrastructure,” he added.
“We’re not just in the business of moving goods; we’re in the business of moving businesses forward. Through innovation, technology, and sustainable practices, we aim to redefine the logistics landscape and drive positive change in the industry,” said Jack Khudikyan, AiLO CEO.
The CEO Nikola Steve Girsky bought on Monday 1 million shares of the company at $0.54 per share, a new SEC Filing shows.
The move is understood as Nikola trying to send a message to shareholders, demonstrating their confidence in the stock and aiming to seek support in the upcoming vote of Proposal 2.
Stockholders have been encouraged to vote in favor of all five proposals, especially the reverse stock split in Proposal 2, which the company believes will “have a positive impact by addressing potential delisting concerns and resetting its financial foundation”.
Nikola has recently warned that without Proposal 2 passing, it “may face delisting from Nasdaq and limitations in securing capital for our ongoing operations and business goals”.
Nikola has recently published its financial results for the first quarter of year reporting a decline in total revenues and a non-GAAP net loss per share of $0.09. The company produced 43 trucks in the first quarter of which 40 were shipped.
Earlier this month, TD Cowen analyst Jeffrey Osborne lowered the price target on Nikola shares by 50 percent to $0.50 while maintaining a Hold rating.
In the first quarter, Nikola wholesaled 40 FCEVs, surpassing the high-end of the guidance range. This marks the second quarter of serial production of FCEVs for Nikola, bringing the total wholesaled FCEVs to 75.
Nikola’s market expansion includes the opening of HYLA hydrogen modular refueling stations in Ontario and near the Port of Long Beach, California, as well as HYLA’s first hydrogen refueling station in Alberta, Canada.
Written by Cláudio Afonso | LinkedIn | X
