Nikola ‘laser-focused’ on hydrogen station buildout, truck production

The hydrogen-electric Nikola TRE (means three in Norwegian) has 500 to 1,000 HP, 6×4 or 6×2 configurations and a range of 500 to 1,200 kilometers depending on options./ AZBigMedia

By Jeff Gifford | Phoenix Business Journal

The strong reception Nikola Corp. has gotten on the stock market since going public last week is heartening and might open up new possibilities, but “right now we’re laser-focused” on the goals at hand, the company’s CEO said Wednesday.

Mark Russell, president and CEO of the Phoenix-based maker of electric and hydrogen-fueled vehicles, gave an online presentation for investors as part of the Deutsche Bank Global Auto Industry Conference, where he highlighted Nikola’s (Nasdaq: NKLA) $10 billion backlog of orders and outlined the company’s history, its most immediate objectives and its plans to achieve them.

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