Nikola Corporation (NASDAQ: NKLA) stock rises in early trading hours Wednesday after securing a 100-truck order from AiLO Logistics.
Nikola (NKLA) recently announced that AiLO Logistics, a prominent drayage carrier operating in the Ports of Los Angeles and Long Beach, has placed an order for 100 Nikola hydrogen fuel cell electric vehicles (FCEVs) from Tom’s Truck Centers, a member of the Nikola sales and service dealer network. This order is scheduled for delivery in 2025.
The latest order marks a doubling of AiLO Logistics’ commitment to integrating Nikola’s sustainable vehicles into their fleet. Previously, AiLO Logistics had ordered 50 Nikola FCEVs, with deliveries underway throughout 2024.
Ryan Clayton, Global Head of Sales at Nikola Corporation, expressed his enthusiasm about the repeat business from AiLO Logistics. He stated,
“Having a prominent and mission-driven customer in AiLO not only purchase trucks for 2024 but double their order for 2025 is an honor for our organization and a testament to their drive to make a difference.”
Jack Khudikyan, CEO of AiLO Logistics, highlighted the strategic significance of the order, emphasizing their dedication to environmental stewardship and the adoption of innovative technologies.
Nikola (NASDAQ: NKLA) Stock Reaction
As of 10:03 a.m. (Eastern Time) Wednesday, NKLA stock traded at $0.5427, marking a 0.90% increase compared to the previous trading session.
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.
