(Reuters) -Nikola posted a smaller fourth-quarter loss on Thursday, as the electric-vehicle maker delivered its first hydrogen-powered fuel cell electric trucks and kept a tight leash on costs.
Shares of the company rose 2.3% in premarket trading.
The heavy-duty electric truck maker said last month it made 42 hydrogen-powered fuel cell electric trucks and delivered 35 units to dealers in U.S. and Canada in 2023, as it looks to pivot from its battery-powered electric trucks.
Net loss stood at $153.6 million in the quarter, compared with $222.1 million a year earlier.
(Reporting by Harshita Mary Varghese; Editing by Shinjini Ganguli)
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