Nikola confirms the start of production of a commercial electric truck

Nikola Corp. NKLA,
late Wednesday confirmed it began production of its electric commercial truck, the Tre, at its Coolidge, Ariz., factory last week. That’s what the EV maker had been aiming for when it announced its fourth-quarter results last month. “We are laser focused on delivering vehicles and monetizing as a global leader in zero-emission transportation and energy infrastructure solutions,” said a spokesperson. Nikola has scheduled an investor day after the bell on Thursday. Nikola has said it expects deliveries of “saleable” production trucks to begin in the second quarter. Shares of the EV maker rose more than 4% in the extended session Wednesday after ending the regular trading day by 0.7%.

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