Reported about 6 hours ago
Nikola Corp. is exploring a potential Chapter 11 bankruptcy filing after experiencing significant volatility, marked by rapid stock declines and a series of scandals since its public debut in 2020. The electric truck manufacturer is working with legal and financial advisors to navigate its financial challenges, which include insufficient sales and troubling recalls of its trucks. Nikola's shares have plummeted, and the company is evaluating various options to secure financing and restructure its operations amid ongoing financial struggles.
Source: YAHOO