EV truck maker Nikola stalls in 2023, pulls out of Europe, hits brakes on production
Despite those low production, delivery and sales numbers, Nikola said it has"sufficient inventory" will pause production at its Coolidge, Arizona plant at the end of this month.
"We have reprioritized the business, focusing on the North American market, hydrogen fuel cell trucks, HYLA hydrogen ecosystem, and autonomous technologies, vehicle controls, and software," Nikola said in its earnings press release.As the big three US automakers have become more invested in the EV space, things for their upstart challengers have continued to get worse.
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