Nikola Q2 net loss increases

Nikola Corporation reported US$18.1 million in revenue from shipments of 48 Tre BEVs and four mobile charging trailers (MCT) in the second quarter of 2022.

The luxury EV startup increased liquidity to $841.8 million in Q2 from $794 million at the end of Q1 2022.

It also raised $200 million in a convertible private placement during the quarter.

The company reported an adjusted net loss for the second quarter of $0.25 per share. Net loss was $173 million, compared to $143 million in the second quarter of 2021.

“Our momentum continued into the second quarter as we began supplying production vehicles to dealers and recognizing revenue from the sale of our Tre BEVs,” CEO Mark Russell said in a statement.

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