Reported about 8 hours ago
The Wall Street Journal reports that Nikola, the electric truck manufacturer, is nearing bankruptcy filing as it struggles with financial issues and dwindling cash reserves. The company's shares have fallen drastically, losing over 99% of their value since going public in 2020. Nikola is currently exploring options, including restructuring or selling parts of its business, but has not confirmed its intent to file for bankruptcy.
Source: YAHOO