Nikola on Thursday reported revenue for the second quarter that beat Wall Street expectations as it delivered 48 of its electric heavy trucks.

Nikola built 50 trucks during the second quarter, 48 of which were delivered to its dealers before quarter-end.

As of June 30, it had $529 million in cash and an additional $313 million remaining on its existing equity line of credit, for total liquidity of $842 million.

That was up from $794 million in total liquidity as of the end of the first quarter.

After announcing its acquisition of Romeo Power for $144 million in stock, the company on Tuesday won shareholder approval to issue new stock.