
Nikola Corporation has released its Q1 2022 financial results, reporting higher costs as it ramped up production of its Tre BEV electric semi trucks.
The company posted a wider net loss of $152.9 million in the first three months of the year, up from $120.2 million in Q1 2021. Still, Nikola reported $1.9 million in services-related revenue, beating Wall Street's expectations for the period. The company did not collect revenue from truck sales, though.