Nikola Corp. posted a widening second-quarter financial loss as the zero-emission vehicle startup said it is moving forward with its battery-electric and fuel cell-electric trucks, despite financial setbacks and the federal indictment of the company’s former leader.
In a regulatory filing Aug. 3, the company reported a net loss of $143.2 million, or negative 36 cents per share, compared with a loss of $115.7 million, negative 43 cents, a year ago. No revenue was reported, as Nikola has yet to begin retail sales of its vehicles.
