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Internal and external problems alike. Nikola now has a cash balance of just $47m, but debts of over $350m. The company has tried “to raise capital, reduce our liabilities, clean up our balance ...
Supply-chain bottlenecks and broader price inflation have temporarily reversed the steady decline in electric vehicle battery prices and are keeping the costs of clean trucks higher than diesel ...
The legislation will help enable Nikola's semi-trucks to be competitive on a total cost of ownership basis compared to diesel-powered trucks, the Phoenix, Arizona-based company said.
Nikola's share count has already grown by more than 170% over the last 18 months. With the company currently burning through cash at a rate of more than $510 million per year, even raising $500 ...
Nikola Corp (NASDAQ: NKLA) noted that incentives provided by the Inflation Reduction Act (IRA) would enable its zero-emission trucks to be competitive on a total cost of ownership basis compared ...
Legal questions now loom after electric truck entrepreneur, Trevor Milton, stepped down Monday as executive chairman and board member of his newly public company Nikola.
Nikola did not immediately respond to a Reuters request for comment. Its cash and cash equivalents had fallen sharply to $198.3 million at the end of September, compared with $464.7 million at the ...
Nikola has until November 20, 2023 to regain compliance. In order to do so, the company's closing share price must be at least $1.00 for a minimum of 10 consecutive business days.