Nikola delivered 131 Tre heavy-duty trucks, about a quarter of the number it had initially hoped to hand over to customers. The company cut its delivery forecast twice last year, and still fell short of the 300 it predicted in November.
Lucid’s shares tumbled after it forecast production of only up to 14,000 vehicles this year. Nikola’s stock fell after the company said it expects to deliver only as many as 375 trucks. And Lordstown Motors shares plunged after the manufacturer announced it had paused production and customer deliveries since January due to performance and quality issues.
Lucid plummeted as much as 19 percent, Lordstown slumped as much as 15 percent and Nikola declined as much as 9 percent Thursday in New York trading.