Nikola Exploring Bankruptcy, WSJ Reports, Sending Stock Tumbling [Yahoo! Finance]
Nikola Corporation (NKLA)
Company Research
Source: Yahoo! Finance
1 min read In This Article NKLA (Bloomberg) -- Nikola Corp. is exploring a possible bankruptcy filing, the Wall Street Journal reported, sending shares of the hydrogen-vehicle maker down about 30% in postmarket trading. Most Read from Bloomberg Citadel to Leave Namesake Chicago Tower as Employees Relocate Transportation Memos Favor Places With Higher Birth and Marriage Rates State Farm Seeks Emergency California Rate Hike After Fires NYC Sees Pedestrian Traffic Increase in Congestion-Pricing Zone How London's Taxi Drivers Navigate the City Without GPS The cash-poor company is working with its law firm and near a filing, among other possible options, the report said, citing unnamed sources. “Nikola continuously assesses its financial position and liquidity needed to operate its business,” the company said Thursday in an emailed statement. “As part of that review, the company is evaluating a variety of options, which includes a financing as part of a financial res
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