this post was submitted on 08 Aug 2023
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Greenville, SC Lemmy - Simpsonville, Anderson, Easley, Spartanburg and nearby

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[–] [email protected] 2 points 1 year ago (1 children)

Proterra posted losses of $244 million in the first quarter of the year compared to a loss of $50 million in the same period last year. The company acknowledged its history of losses and admitted during its first quarter results it may not achieve profitability in the future.

Wow, that's a lot.

[–] [email protected] 3 points 1 year ago

They’ve been having financial problems for the last few quarters, so it’s unfortunately not totally unexpected. Hoping those working in the Spartanburg plant don’t get laid off.