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Nikola Reports Third Quarter Net Loss of $117.5 Million

Nikola Reports Third Quarter Net Loss of $117.5 Million

Electric-truck startup Nikola Corp. reported wider losses in the third-quarter, a tumultuous period in which company executives came under pressure to

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Electric-truck startup Nikola Corp. reported wider losses in the third-quarter, a tumultuous period in which company executives came under pressure to respond to questions about the legitimacy of its business.

The Phoenix-based startup has been in the spotlight following its public listing in June and the abrupt departure of founder Trevor Milton in September amid controversy stirred up by a critical short seller’s report. Nikola has called the report’s accusations false and misleading.

The…

This post first appeared on wsj.com

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