growth of its operating expenses across the same period.
In the 2021 fiscal year, Nikola Corporation recorded around 293 million U.S. dollars for research and development expenses. This represents an increase of around 58 percent from 2020. In 2020, Nikola spent 175 percent more on research and development than in 2019. This increase in its research and development expenses led a rapid Research and development expenses of Nikola Corporation from FY 2019 to FY 2021 (in thousand U.S. dollars)
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Nikola Corporation. (April 20, 2022). Research and development expenses of Nikola Corporation from FY 2019 to FY 2021 (in thousand U.S. dollars) [Graph]. In Statista. Retrieved June 02, 2024, from https://www.statista.com/statistics/1345867/nikola-motors-research-and-development-expenses/
Nikola Corporation. "Research and development expenses of Nikola Corporation from FY 2019 to FY 2021 (in thousand U.S. dollars)." Chart. April 20, 2022. Statista. Accessed June 02, 2024. https://www.statista.com/statistics/1345867/nikola-motors-research-and-development-expenses/
Nikola Corporation. (2022). Research and development expenses of Nikola Corporation from FY 2019 to FY 2021 (in thousand U.S. dollars). Statista. Statista Inc.. Accessed: June 02, 2024. https://www.statista.com/statistics/1345867/nikola-motors-research-and-development-expenses/
Nikola Corporation. "Research and Development Expenses of Nikola Corporation from Fy 2019 to Fy 2021 (in Thousand U.S. Dollars)." Statista, Statista Inc., 20 Apr 2022, https://www.statista.com/statistics/1345867/nikola-motors-research-and-development-expenses/
Nikola Corporation, Research and development expenses of Nikola Corporation from FY 2019 to FY 2021 (in thousand U.S. dollars) Statista, https://www.statista.com/statistics/1345867/nikola-motors-research-and-development-expenses/ (last visited June 02, 2024)
Research and development expenses of Nikola Corporation from FY 2019 to FY 2021 (in thousand U.S. dollars) [Graph], Nikola Corporation, April 20, 2022. [Online]. Available: https://www.statista.com/statistics/1345867/nikola-motors-research-and-development-expenses/