Nikola reveals huge losses in SEC filing
Last week, H2 View reported on Nikola Corporation’s collaboration with Richter Group and its overshadowing financial results, with its losses widening However, upon close inspection of a Securities and Exchange Commission (SEC) filing made by the company, the questions appears to be more, is Nikola running out of road?
Read more: Nikola maintains momentum but losses widen
The filing revealed that the hydrogen and battery-electric truck manufacturer had incurred net losses of $784.2m and $690.4m for the years ended December 31, 2022, and 2021 respectively, accumulating a deficit of around $2bn from the inception of the company.
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