Electric Truck Maker Nikola Learns To Make No Future Predictions

November 04, 2022 By Alberto Mesti

(Image Credit Google)

The electric truck maker Nicola on Thursday presented its third quarter with $24.2 million in revenue which is not good as the company’s market cap is 1.3 billion, which was more than what was expected. The company had initially aimed at delivering 300 trucks by this year's end but has only delivered 111 electric Tre trucks until now. The company was hoping to cash in on the motor market shift to electric truck management in an attempt to reduce the cost of ownership and achieve the objective of sustainability. [caption id="attachment_59022" align="aligncenter" width="2560"] Startup Nikola Learns To Make No Future Predictions

Startup Nikola Learns To Make No Future Predictions

Image: Electric truck maker Nikola[/caption] The company’s executives stated to the analysts in a conference call that they will not be providing fourth-year and complete-year forecasts after the third quarterly result update. The startup knows that it will not do well as the year is almost coming to end in the fourth quarter. It does not give out a good impression when you give out unmeetable forecasts and do not live up to them. Nikola seems to be understanding that forecasting is futile and instead presents the product and shows what they are capable of rather than predicting unattainable numbers.

By Alberto Mesti

Introvert. Eccentric at times. A fashion enthusiast, designer and writer. Lives for the drama, hates being at the centre of it. Can be best described as \'wannabe modern day Lady Whistledown\'.

Electric Truck Maker Nikola Learns To Make No Future Predictions

Walmart's GenAI Search Engine: Challenging Google's Dominance in Retail Search

Introducing the MSI Claw Handheld: Your Ultimate Gaming Companion

Uber Increases In-App Ads, Prompting Mixed Reactions from Customers

Apple's iOS 18: A Leap into the AI Era

Google's Regular Pixel 8 Won't Get Gemini Nano AI

MacBook Air M3 Makes Amends for M2's Storage Blunder

Samsung Unveils the Galaxy M15 5G

Elon Musk's xAI to Open-Source Chatbot Grok

Contra: Operation Galuga - A Modern Run-and-Gun Classic

Musk Confirms X's TV App Arrives This Week

Jeff Bezos' $500 Million Yacht Has a Sculpture of Lauren Sanchez

Ford’s all-electric Explorer available for order in Europe, but not for America

Not So Regular: This rideshare company offers luxury rides

Ford To Resume Production Of F-150 Lightning EV From March

Ducati is still not producing electric motorcycles due to the current state of battery technology

Volvo To Open A New Tech Hub In Poland To Meet Its 2030 All-Electric Vehicle Goal