Written by Cláudio Afonso | LinkedIn | X
The e-commerce giant Wayfair has been testing electric trucks from the US-based startup Nikola in California as it evaluates the transition from diesel to electric trucks.
Anna Vinogradova, Head of Global Sustainability and ESG at Wayfair, shared the update on her LinkedIn profile accompanied by an image of a Nikola truck with the Wayfair branding.
“Wayfair is piloting heavy-duty EV trucks with WattEV, Inc. in California. We’re testing these vehicles for more sustainable middle-mile deliveries and evaluating the operational impacts of switching from diesel to electric trucks,” Vinogradova wrote.
Last Thursday, Nikola announced that Walmart Canada has integrated the first Nikola hydrogen fuel cell electric semi-truck into its fleet. Walmart Canada is the first retail fleet in North America to operate a hydrogen fuel cell electric truck.
Earlier today, Baird analyst Ben Kallo has reduced the firm’s price target on Nikola shares from $60 to $14 while maintaining an Outperform rating.
Despite this adjustment, Kallo remains optimistic about the company’s future. Based on the last closing price, the price target implies an upside potential of 74 percent.
In a new research note, Kallo highlighted that Nikola’s second-quarter deliveries surpassed expectations. The company sold 72 units of its Class 8 hydrogen fuel cell trucks, exceeding both the firm’s estimate of 55 units and the company’s guidance range of 50-60 units.
Last Thursday, Nikola made headlines when Walmart Canada integrated the first Nikola hydrogen fuel cell electric semi-truck into its fleet, marking Walmart Canada as the first retail fleet in North America to operate such a truck.
In a new interview for the “Future Says” podcast, Nikola’s Global Head of Supply Chain Management, Pedro Garcia, anticipated that additional safety regulations will be implemented, necessitating industry-wide compliance and adaptation.
In a new interview on the “Cleared Hot Podcast”, Trevor Milton, the founder and former CEO of Nikola, broke his silence for the first time since his departure from the company.
In the in-depth interview, which took more than two and a half hours, the former chief executive addressed his legal battles, the pressures of leading a publicly traded company, and the personal challenges he faced during his tenure.
Written by Cláudio Afonso | LinkedIn | X
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