Nikola says it may incur ‘significant’ costs over truck recall and business may be adversely impacted

Nikola Corp.

offered an update Monday on its recent voluntary recall of more than 200 of its electric vehicles after an investigation into their battery packs. “We may incur significant expenses as a result of these events and there can be no assurance as to when we will be able to resume production of our BEV trucks,” the company said in a regulatory filing. “As a result, our brand, business, results of operations, financial condition and cash flows may be adversely affected.

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