The company will have to spend $61.8 million to replace battery packs in over 200 trucks.said Thursday that it has received nearly 300 orders for its new hydrogen fuel cell semitruck – but it's facing what will be a costly recall of its earlier battery-electric trucks., 209 in total, in August following a fire caused by a coolant leak in a truck's battery pack.
It expects to resume delivering battery-electric trucks to customers in the first quarter next year. Despite the recall, a dealer ordered 47 battery-electric during the third quarter, Nikola said. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyNikola said it currently has 277"non-binding" orders for its new fuel-cell truck, from 35 different fleet customers. It shipped a total of three trucks during the third quarter, versus 63 in the year-ago quarter.Nikola's net loss was $425.8 million, or 50 cents per share. On an adjusted basis, excluding stock-based compensation, it lost 30 cents per share.
Nikola reported negative revenue of $1.7 million in the third quarter, after it paid out about $2.4 million to former dealers as new CEO Steve Girsky refocused the company's sales efforts on California. Its revenue was $24.2 million in the third quarter of 2022. Nikola raised $250 million during the third quarter. As of Sept. 30, it had $362.9 million in cash, up from $226.7 million as of June 30 and just $121.1 million
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