Nikola (NKLA) earnings Q1 2023


Nikola Motor Company

Source: Nikola Motor Company

Electric heavy truck maker Nikola said Tuesday that it’s “refocusing the company on North America” as it exited a European joint venture with its chassis supplier,

The news came as the company reported its first-quarter results. Here are the key numbers, together with Wall Street estimates as reported by Refinitiv.

  • Adjusted loss per share: 26 cents, versus 26 cents expected.
  • Revenue: $11.1 million, versus $12.5 million expected.

The company’s shares fell sharply after the report and ended the day down 13%.

Nikola’s net loss for the quarter was $169.1 million, or 31 cents per share. A year ago, Nikola lost $152.9 million, or 37 cents per share….

Source cnbc.com

0 0 votes
Article Rating

Want to buy a cheap house in rural Japan? This millennial farmer offers his advice

Previous article

US needs to be ‘mature’ over debt ceiling negotiations, Germany’s Lindner says at G-7

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings