Nikola (NKLA) reports 3Q loss following recall and sales pause
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Nikola Corporation Reports Third Quarter 2023 Results
November 2, 2023 9:02 AM EDTDuring Q3 raised $250M, increasing unrestricted cash by $136.2M, and tripling unrestricted cash since Q1 2023Continue to see strong demand for Nikola zero-emissions trucks propelled by regulation and incentive tailwindsReceived purchase orders for 47 battery-electric trucks from one dealer despite the truck being in recallDealers continue submitting HVIP applications for the battery-electric truckTo date, Nikola and our dealers have received 277 non-binding orders from 35 customers for the hydrogen fuel... More
