Nikola (NKLA) Misses Q2 EPS by 3c

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Nikola Corporation Reports Second Quarter Results

August 4, 2020 4:01 PM EDT

PHOENIX, Aug. 4, 2020 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation systems, today reported financial results for the second quarter of 2020.

"In the second quarter of 2020, Nikola met predetermined milestones on our journey toward becoming the zero-emissions transportation leader in the global heavy truck market," commented Mark Russell, Nikola's Chief Executive Officer.  

Steps towards achieving this goal include completing a reverse merger with VectoIQ and a related PIPE offering, providing an additional $616.7 million of cash on the balance sheet to support Nikola's further product development, and the... More