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Foss said Nikola is following a similar path in bankruptcy, like startup Fisker, which used its June 2024 bankruptcy to effectuate a sale of its assets, and Lordstown Motor, which sold the ...
Troubled electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection. The company, once a rising star on Wall Street, became enmeshed in scandal and its founder was convicted in ...
Nikola said Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of all or most of its assets, after grappling with rapid cash burn and struggling to raise funds in ...
Troubled electric vehicle maker Nikola files for bankruptcy protection; TV procedurals up their game, with doctors on cruises and quirky single moms solving crimes; Troubled electric vehicle maker Nikola seeks bankruptcy protection; Trump puts the spotlight anew on a major Alaska gas project. Will it make a difference?
The electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection, it said Wednesday. Executives said in October the EV maker had enough cash to operate only until 2025's first quarter.
Nikola stock fell on Monday after the electric semi-truck maker said it would temporarily pause Class 8 Tre truck sales due to a fire risk stemming from a battery pack.
Nikola's cash and cash equivalents fell sharply to $198.3 million at the end of September, compared with $464.7 million at the end of 2023. Its shares have lost more than 99% of their value since ...
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