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Nikola Q1 earnings: Net losses widen to $153 million

Nikola Corp. reported wider quarterly losses on Thursday, with the electric-truck maker incurring higher costs as it ramped up production of its electric semi trucks.

The company said its net loss widened to $152.9 million in the first quarter ended March 31 from $120.2 million a year earlier.

The company also said it shipped 11 Tre battery electric trucks in April, marking its first ever shipment to customers.

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