Nikola TRE FCEV2
Courtesy: Nikola
Shares of electric truck maker Nikola fell more than 26% Friday after a complicated second-quarter report, news of a CEO departure and shareholder approval to issue new stock.
Nikola said Friday its CEO, Michael Lohscheller, will step down effective immediately due to a ”family health matter.” Nikola’s current board chair, former General Motors vice chairman Steve Girsky, will take over as CEO.
Lohscheller will remain in an advisory capacity until the end of September to support the transition, Nikola said.
The news came alongside Nikola’s second-quarter earnings report. Here are the key numbers, compared with Refinitiv consensus estimates:
Loss per share: 20 cents vs. 22 cents
Revenue: $15.36 million vs. $15.4 million
Nikola’s net loss for the quarter was $217.8 million, or 31 cents per share. That figure includes $77.8 million, or 11 cents per share, related to discontinued operations including the closure of the former Romeo Power battery-pack factory…
2023-08-04 15:16:22
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