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.