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Tom Gardner's 2025 Closing Thoughts: AI Disruption & What to Do Now ›
Times

Nikola Is Slashing Expenses to Boost Profitability

By Parkev Tatevosian, CFA – Aug 10, 2023 at 4:30AM EST

Nikola aims to preserve cash as it ramps up production of its new truck.

Fool.com contributor Parkev Tatevosian highlights the steps Nikola (NKLA +20.00%) is taking to shore up its balance sheet and income statement as its cash balance has gotten too small for comfort.

*Stock prices used were the afternoon prices of Aug. 7, 2023. The video was published on Aug. 9, 2023.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Nikola Stock Quote

Nikola

OTC: NKLA
$0.01 (+0.20%) $+0.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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