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Benzinga

Akanksha Bakshi

USA Truck To Purchase 10 Nikola Tre BEV Trucks

USA Truck, Inc. (NASDAQ:USAK) entered a Letter of Intent (LOI) for an initial purchase of 10 Nikola Tre BEV trucks from Thompson Truck Centers, a member of the Nikola Corp (NASDAQ:NKLA) sales and service dealer network. Financial terms were not disclosed.
As per the LOI framed a "fleet-as-a-service" model, Thompson Truck Centers will provide sales, service, maintenance, and energy infrastructure required to operate the Nikola Tre BEV trucks, expected to be delivered in the first half of 2022.
The agreement includes an option to purchase an additional 90 Nikola zero-emission trucks over the next two years.
Price Action: USAK shares traded higher by 0.53% at $21.05, NKLA is trading higher by 7.85% at $11.13 on the last check Wednesday.

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