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Secondly, we have expenses. Building EVs and the necessary infrastructure is *expensive*. We need to look at how much Nikola is spending on research and development (R&D), manufacturing, sales, and marketing. A company like Nikola often has high initial expenses, as they invest heavily in these areas. The key is to watch if these expenses are manageable and whether the company can control them effectively. Are they overspending? Are they being efficient with their resources? Monitoring operating costs is a critical part of the puzzle. High operating costs without sufficient revenue can drain a company's cash reserves, making it difficult to survive in the long run.
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