Nikola corporation reports third quarter 2023 results

During q3 raised $250m, increasing unrestricted cash by $136.2m, and tripling unrestricted cash since q1 2023 continue to see strong demand for nikola zero-emissions trucks propelled by regulation and incentive tailwinds received purchase orders for 47 battery-electric trucks from one dealer despite the truck being in recall dealers continue submitting hvip applications for the battery-electric truck to date, nikola and our dealers have received 277 non-binding orders from 35 customers for the hydrogen fuel cell electric truck hydrogen fuel cell electric demos started in southern california using mobile fueler and third-party fueling assets added deep management expertise hiring mary chan as coo and joe cappello as president of energy continue to refocus the business model to ensure efficient allocation of resources phoenix , nov. 2, 2023 /prnewswire/ -- nikola corporation (nasdaq: nkla), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the hyla brand, today reported financial results and business updates for the quarter ended september 30, 2023. "we are driving forward, capitalizing on our first-mover advantage with our hydrogen fuel cell electric truck and laying the foundation for the 'hydrogen highway' starting in california," said nikola ceo steve girsky.
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