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Nikola reveals 2023 saw a successful launch of its hydrogen trucks in US and Canada (www.hydrogenfuelnews.com)

submitted 1 year ago by [email protected] to c/[email protected]

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The company produced and wholesaled a combined 77 trucks last year.
Via its energy brand, HYLA, Nikola announced that it produced 42 of its Class 8 hydrogen fuel cell electric trucks and wholesaled 35 of these hydrogen trucks for its US and Canadian customers in 2023.

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[–] Cort 2 points 1 year ago* (last edited 1 year ago)

The company produced and wholesaled a combined 77 trucks last year. Via its energy brand, HYLA, Nikola announced that it produced 42 of its Class 8 hydrogen fuel cell electric trucks and wholesaled 35 of these hydrogen trucks for its US and Canadian customers in 2023

I think I'm reading this the same way you are. And completely agree that it's weird to add the numbers together. Lol I even went and googled the definition of wholesaled just to make sure there wasn't another meaning.

From my reading of the 2nd sentence, it looks like they only managed to sell 35 of the 42 vehicles produced leaving 7 in inventory.

Edit to add:

~~UNLESS, maybe they had 35 on hand from 2022 that weren't sold until 2023? Maybe some sort of tax advantageous situation where the sale didn't happen until January 1st 2023? But that's a stretch I think~~

I read the article you posted and they explain what the 7 unsold units are doing.