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PRESS RELEASE MAY 07 , 2021 Nikola Corporation Reports First Quarter 2021 Results PHOENIX , AZ - May 7 , 2021 -- Nikola Corporation ( Nasdaq : NKLA ) , a global leader in zero - emissions transportation solutions , today reported financial results for the quarter ended March 31 , 2021 . " During the first quarter Nikola continued to deliver on our previously communicated milestones and execute on our business plan , " said Mark Russell , Nikola's Chief Executive Officer . " We have had continued success in commissioning and validating the Nikola Tre BEVs , and are nearing completion of both our Ulm , Germany and Coolidge , Arizona manufacturing facilities . " Progress on the Commissioning and Validation of the First Batch of Nikola Tre BEVS Commissioning and validation activities continue on the Nikola Tre battery - electric vehicle ( BEV ) . As expected in a new program development cycle , we have had to overcome some component level delays which we have worked through with our suppliers to minimize the impact on the scheduled timeline . Q1 activities included commissioning the first batch of five Tre BEVs and validation testing at the proving grounds . As of today , powertrain performance and durability testing have started at the proving grounds . We are nearing completion of the second batch of nine beta Nikola Tre BEVs in Ulm , Germany . As of today , we have completed eight of the nine trucks , with the ninth scheduled to be completed by May 10. Three trucks from the second batch of nine are at Nikola's headquarters ( HQ ) in Arizona , one is in Indiana for crash testing , and four are in transit to the HQ in Arizona . We anticipate that the four trucks in transit , in addition to the ninth truck being completed , will arrive at our HQ by the end of May . First Batch Nikola Tre BEV Winter Testing with Payload www.nikolamotor.com N NIKOLA PRE NIK 01 NIKOLA Second Batch Nikola Tre BEV at Nikola HQ in Arizona XTRA First Batch Nikola Tre BEV Winter Testing with Payload Page 1 of 11