Nikola's reports downbeat results but stock surges amid upbeat EV-market outlook

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Nikola's reports downbeat results but stock surges amid upbeat EV-market outlook
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EV maker’s stock gains along with the broad rally in the EV sector

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Nikola Corp.

reported Thursday a surprise widening in losses and negative revenue, but the hydrogen- and battery-electric trucks maker’s stock rallied 4.8% in premarket trading following upbeat comments from Chief Executive Steve Girsky. The company reported a net loss of $425.8 million, or 50 cents a share, after a loss of $236.2 million, or 54 cents a share, as the number of shares used in the calculation of per-share results nearly doubled to 857.2 million from 438.4 million.

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