3 Ways Nikola Could Win Back Traction in 2022

After struggling with a series of difficulties for many months, electric semi truck maker Nikola (NASDAQ: NKLA) may finally have some light at the end of the tunnel with several recent developments. Foremost among these is its delivery of its first battery-electric Tre semi tractor trailer to a customer. Then, several other positive developments came at the same time. However, even if these factors come together just right, there are still many better investments among EV makers.

Nikola achieved a critical milestone right before Christmas when it delivered its first-ever commercial electric vehicle (EV) to California-based Total Transportation Services on Dec. 22. The Tre BEV truck is the first of four trucks Total Transportation is planning to buy from Nikola in order to test the vehicles. If the trials are successful, the company has issued a letter of intent to buy 100 more -- 30 in 2022 and the remaining 70 in 2023.

Image source: Nikola Corporation.

Source Fool.com