Nikola (NKLA) reports 3Q loss following recall and sales pause

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Go back to Nikola (NKLA) reports 3Q loss following recall and sales pause

Nikola (NKLA) Misses Q3 EPS by 16c

November 2, 2023 9:05 AM EDT

Nikola (NASDAQ: NKLA) reported Q3 EPS of ($0.30), $0.16 worse than the analyst estimate of ($0.14).

For earnings history and earnings-related data on Nikola (NKLA) click here.

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Nikola receives more orders for fuel-cell truck, posts wider loss

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