Nikola Corporation’s Revenue Breakdown Worldwide (2022-2023)
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This statistic highlights Nikola Corp’s Revenue Breakdown Worldwide, split across Services and Truck Sales divisions, reported quarterly from Q1 2022 onwards.
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This statistic highlights Nikola Corp’s Revenue Breakdown Worldwide, split across Services and Truck Sales divisions, reported quarterly from Q1 2022 onwards.
Nikola Corporation’s Revenue Breakdown Worldwide
Nikola Corporation is an American zero-emission transportation company that designs, manufactures, and sells hydrogen fuel cell and battery electric vehicles, energy storage systems, and hydrogen fuelling infrastructure. The company generates revenue through the following business verticals:
| Business Verticals | 2022 Q3 | 2022 Q4 | 2023 Q1 | Revenue mix for Q1 2023 |
| Services and other | 3,88,000.0 | 18,68,000.0 | 10,62,000.0 | 10% |
| Truck Sales | 2,38,53,000.0 | 46,95,000.0 | 1,00,55,000.0 | 90% |
| Total | 2,42,41,000.0 | 65,63,000.0 | 1,11,17,000.0 | 100% |
(Above all figures are in USD, except percentages)
We see that the company gets the majority of its revenue from Truck sales and the remaining from Services and others. The company shows 41% growth from its revenue generation in Q4 2022 to Q1 2023. The company also shows steady growth in its revenue over the years. The increase in revenue is due to a number of factors, including the start of production of the Nikola Tre battery-electric truck and the sale of hydrogen fueling stations. Nikola expects revenue from Services and other Truck sales to continue to grow in the coming quarters.
- Truck sales: This business vertical includes the sale of the Nikola Tre battery-electric semi-truck, the Nikola Two hydrogen-electric semi-truck, and the Nikola Badger fuel cell electric pickup truck. The company also sells hydrogen fueling stations for its trucks.
- Services: This business vertical includes the provision of a variety of services to Nikola truck owners, such as truck leasing, maintenance, and training.
About Nikola Corporation
Nikola Corporation is an American manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions. The company was founded in 2014 and went public in 2020. Nikola’s mission is to “create a sustainable future of transportation and energy.” The company’s vision is to “be the leading provider of zero-emissions transportation and energy solutions.”Nikola’s products include the Nikola Tre battery-electric semi-truck, the Nikola Two hydrogen-electric semi-truck, and the Nikola Badger fuel cell electric pickup truck. The company also develops and sells hydrogen fueling stations. Nikola’s headquarters are in Phoenix, Arizona. The company has operations in the United States, Europe, and Asia. Germany, and the Netherlands. Nikola Corp’s stock ticker symbol is NKLA. Nikola Corp’s stock is listed on the Nasdaq stock exchange.
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