Nikola Corp. on Aug. 4 announced it lost more money in the second quarter of 2020 than in the second quarter of 2019. The company, which went public in March, said it recorded a net loss of about $87 million compared with a loss of about $17 million a year ago. CEO Mark Russell said in the quarter, Nikola met predetermined milestones on its mission to become the global leader in zero-emission heavy-duty vehicles. Russell added that the company is saving cash when it can and that it spent $11 million less than projected in the quarter. He said Nikola has $698 million in cash on hand and is expecting to raise about $264 million later this year.