Reported about 2 months ago
Nikola has recently reported record second-quarter revenue, breaking a nine-day stock price downturn, and remains optimistic about 2024 being its best year yet. However, the electric truck manufacturer faces severe financial challenges, with only enough cash to last until year-end without further share dilution. With ongoing issues related to its founder and the long-awaited delivery of fuel cell trucks, Nikola's survival remains uncertain as it strives to meet growing production demands while navigating dwindling resources.
Source: YAHOO