Electric truck maker Nikola ended the third quarter with a loss per share of $0.30. Analysts had expected negative EPS of -0.139 US dollars after the group had already lost 0.280 US dollars per share in the same period last year.
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Tesla’s rival’s revenue was $1.73 million in the reporting period. This is a significant decline compared to the same quarter last year, when Nikola had sales of $24.2 million. The experts’ previous sales forecasts were $9.5 million.
Nikola shares temporarily reacted on Thursday on the NASDAQ with an increase of 8.15 percent to 1.1350 US dollars.
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Image source: Nikola Corporation, Julio Ricco / Shutterstock.com