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Internal and external problems alike. Nikola now has a cash balance of just $47m, but debts of over $350m. The company has tried “to raise capital, reduce our liabilities, clean up our balance ...
Nikola's share count has already grown by more than 170% over the last 18 months. With the company currently burning through cash at a rate of more than $510 million per year, even raising $500 ...
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 Corporation (NASDAQ:NKLA) shares are trading lower in the premarket session on Wednesday, after it filed for Chapter 11 bankruptcy, seeking to auction its assets while continuing limited ...
Health. Home & Garden
Supply-chain bottlenecks and broader price inflation have temporarily reversed the steady decline in electric vehicle battery prices and are keeping the costs of clean trucks higher than diesel ...
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
The legislation will help enable Nikola's semi-trucks to be competitive on a total cost of ownership basis compared to diesel-powered trucks, the Phoenix, Arizona-based company said.