Electric truck maker Nikola reports wider loss in third quarter
© Reuters. FILE PHOTO: The new Nikola Battery Electric 3 truck exhibited during a news conference in Turin, Italy, July 13, 2022. REUTERS/Massimo Pinca/File Photo) posted a wider loss in the third quarter on Thursday, after the electric truck maker suspended sales and recalled its battery-electric heavy duty trucks.
It said cost of the recall and repair is expected to be $61.8 million, which includes the cost to re-engineer, validate and retrofit trucks with an alternative battery solution.
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