Nikola Corp Expects Higher Cost Related To Truck Recall That Will Increase Required Capital To Achieve Profitability In 2025
Portfolio Pulse from Benzinga Newsdesk
Nikola Corp has announced that it expects higher costs related to a truck recall, which will increase the required capital for the company to achieve profitability in 2025.
November 02, 2023 | 3:01 pm
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Nikola Corp's profitability target for 2025 may be impacted due to higher costs related to a truck recall.
The news directly mentions Nikola Corp and the increased costs due to a truck recall. This will likely increase the capital required for the company to achieve profitability, potentially impacting the company's financial performance and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100