Shares of Nikola Corp. NKLA, -2.58% 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 company didn’t record revenue in the second quarter, after recording $36,000 in solar revenue last year. The company said the second-half 2021 objectives it expects to achieve include delivering pre-series Nikola Tre battery-electric vehicles (BEVs) for use on public roads to haul freight, break ground on the first commercial hydrogen station. The stock has tumbled 26.7% year to date through Monday, while EV-market leader Tesla Inc. shares TSLA, +0.97% have edged up 0.6% and the S&P 500 SPX, +0.09% has advanced 16.8%.
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