Nikola Corporation reported its third-quarter earnings, revealing a revenue of $25.18 million, which fell short of analysts' expectations of $37.2 million. The company experienced a significant net loss of $199.78 million and a gross margin of -246%. The operating loss reached $178.79 million, while adjusted EBITDA was reported at -$123.61 million, compared to an estimate of -$91.6 million. Nikola's market capitalization stands at $197 million. Notably, the company sold a record 88 hydrogen fuel cell trucks during the quarter, but also reported negative free cash flow of $163 million. Over the first nine months of 2024, Nikola recorded a total loss of $443 million, and since its inception, it has burned through over $2.7 billion.