April 24, 2024 3:20 am
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Nikola slashes production, revenue targets

By Andy Blye | Phoenix Business Journal (Photo courtesy of Nikola)

Nikola, the electric vehicle startup based in Phoenix, announced its quarterly earnings on Tuesday which included a downward revision to both expected truck production and revenue for the rest of the year.

Nikola Corp. (Nasdaq: NKLA) did not report any revenue for its second quarter ended June 30, but it did post a smaller than expected net loss of $143 million, bringing this year’s total loss to $263 million.

Read the full subscription story from the Phoenix Business Journal.

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