Nikola (NKLA) Misses Q3 EPS by 16c
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November 2, 2023 10:22 AM EDT
Shares of Nikola (NASDAQ: NKLA) dropped nearly 3% in early trading Thursday after the company reported a wider than expected 3Q loss. The loss comes after the electric automaker suspended sales and recalled its battery-electric heavy-duty trucks.
In August, the company recalled all 209 of its battery-powered electric trucks and halted sales following an investigation that identified a... More
November 2, 2023 9:03 AM EDT
(Reuters) -Nikola showed progress in its shift to hydrogen-fuel cell trucks on Thursday, saying it has secured 277 non-binding orders even after battery fires rocked its business in the third quarter and pushed the company to a larger loss.
The company said the hydrogen-fuel truck orders would outpace its manufacturing capacity this year and the trucks ordered today would not be delivered until the second quarter of next year.
Nikola, whose shares rose... More
