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Nikola stock rallies after reporting narrower loss than expected

·1 min read
Nikola stock rallies after reporting narrower loss than expected
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Shares of Nikola Corp. rallied 2.0% in premarket trading Tuesday, after the battery-electric and hydrogen-electric vehicle and components maker reported a narrower-than-expected second-quarter loss. The company said net losses narrowed to $143.2 million, or 36 cents a share, after a loss of $115.8 million, or 43 cents a share, in the year-ago period. Excluding nonrecurring items, the adjusted per-share loss widened to 20 cents from 16 cents but beat the FactSet loss consensus of 30 cents. The co