Nikola Corporation (NASDAQ:NKLA) Q3 2023 Earnings Call Transcript

Stasy Pasterick : So on the liquidity front, which have done a good job strengthening our balance sheet. We raised $250 million during the third quarter, nearly tripling or unrestricted cash since Q1 and maintain cash and access to capital of approximately $705.8 million. We have completed the Phase 2 assembly haul expansion and mixed model line and Coolidge allowing us to produce both battery electric truck and hydrogen fuel cell truck on the same line. So we anticipate we will not need to spend much on CapEx to scale the truck business for the next few years. We have demonstrated a strong ability to access the capital markets and we’re making good progress on increasing our liquidity runway.

Operator: Thank you. This will conclude today’s conference. You may disconnect your lines at this time. And thank you for your participation.