Nikola (NASDAQ: NKLA) reported Q4 EPS of ($0.17), $0.06 better than the analyst estimate of ($0.23).

"In the fourth quarter of 2020, Nikola made the necessary changes to refocus and realign the company. You have seen us restructure our agreement with GM, cancel our battery electric (BEV) refuse truck program, discontinue our Powersports program and realign the company\'s resources with laser focus on our core businesses: battery electric and hydrogen fuel-cell electric (FCEV) heavy-duty trucks, and hydrogen refueling infrastructure," said Mark Russell, Nikola's Chief Executive Officer.

Business Outlook

Now that we have put the strategic restructuring of the business behind us, we look forward to achieving the following milestones in 2021:

• Start of trial production at our joint venture manufacturing facility on IVECO\'s Campus in Ulm, Germany in June 2021;
• Start of trial production at our greenfield manufacturing facility in Coolidge, Arizona in the third quarter of 2021;
• Break ground on our first commercial hydrogen station(s) infrastructure;
• Announce hydrogen collaboration partners and electricity procurement arrangements; and
• Delivery of the first Nikola Tre BEVs to customers during the fourth quarter of 2021.

For earnings history and earnings-related data on Nikola (NKLA) click here.