Nikola reports net loss of $6.86B in Q2

Tuesday, 04. August 2020 22:13

American hybrid truck design and manufacturing company Nikola Corporation unveiled on Tuesday its net loss in the second fiscal quarter of 2020 amounted to $6.86 billion. Meanwhile, net loss per share stood at $0.33. Loss from operations was $86.6 billion in the second quarter that represents the rise of 80%.

"In the second quarter of 2020, Nikola met predetermined milestones on our journey toward becoming the zero-emissions transportation leader in the global heavy truck market," commented Mark Russell, Nikola's Chief Executive Officer.

Nikola shares fell by 3.96% to $37.57 in after-hours trading.

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Breaking the News / TF