Hyperdrive
Nikola Beats Estimates, Details Additional SEC Probe Inquiry
- Clean-energy trucker maker posts narrower-than-expected loss
- Securities regulators issued new subpoena to startup in March
Source: Nikola Corp.
This article is for subscribers only.
Nikola Corp. posted a narrower-than-expected loss for its latest quarter as the troubled electric-vehicle startup ramped up testing of its debut battery-electric semi trucks and made progress on building factories in the U.S. and Germany.
The clean-energy big rig maker reported an adjusted loss Friday of 14 cents a share in the first three months of the year, which was better than analysts’ consensus estimate for a 28 cents loss. Nikola said in a statement it’s nearing completion of a second batch of battery-powered prototypes and has begun the assembly of a fuel-cell test vehicle at its headquarters in Arizona.