Nikola (NKLA) Sharpens Focus, Reduces Cash Spend
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NIKOLA SHARPENS FOCUS, REDUCES CASH SPEND
June 16, 2023 4:04 PM EDTAnnual cash usage expected to decrease to under $400M by 2024Reorganizing workforce around new areas of focus and eliminating non-essential spendContinuing to take actions geared toward optimizing and protecting ongoing operationsQ3 launch of the hydrogen fuel cell electric truck on scheduleHYLA hydrogen energy business making strong progress with multiple partnerships, first-mover infrastructure advantage
PHOENIX, June 16, 2023 /PRNewswire/ --... More
