Nikola expects to post first revenue in 2022, shares rise


FILE PHOTO - U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca

(Reuters) -Electric-truck maker Nikola Corp said on Thursday it expects to report its first ever revenue this year as it aims to deliver 300 to 500 Tre BEV trucks in 2022, sending the company's shares soaring 10%.

Nikola, which has yet to report any revenue from truck sales, said it expects revenue between $90 million and $150 million this year. Its current quarter will not record any revenue, it added.

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