EV makers Tesla and Rivian also beat market estimates for second-quarter deliveries. Nikola, which went public in 2020, produced 33 trucks during the second quarter, compared with 63 trucks in the preceding quarter.
Like other smaller EV firms, Nikola has been struggling with a dwindling cash reserve and supply chain constraints that have hampered its efforts to ramp up production.
The company, which is involved in a dispute with its founder and top shareholder Trevor Milton, in May reported a bigger quarterly loss and said it would pause production to streamline the assembly line at its Coolidge, Arizona, factory amid sluggish demand for its battery-powered trucks.
The Phoenix-based automaker also said in June it would lay off a total of 270 employees, as it looks to cut costs and sharpen its focus on North America.
As of last close, the stock had fallen nearly 37 percent this year.


