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….