Shares of cash-strapped Nikola nosedive on report of potential sale [CNBC]

Nikola Corporation (NKLA)
Company Research
Source: CNBC
Bloomberg News reported the potential sale Thursday afternoon and noted other possibilities under consideration include bringing on partners and raising new funds. Nikola warned investors on its third-quarter conference call that the company only had enough cash to support its business into the first quarter of 2025 but not beyond. DETROIT – Shares of Nikola closed Thursday down 27.8% after a report that the embattled electric truck maker is exploring options to sell parts or all of the business. The stock closed Thursday at 85 cents apiece after hitting a new 52-week low of 76 cents prior to the end of trading. Bloomberg News reported the potential sale Thursday afternoon and noted other possibilities under consideration include bringing on pa
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News
- Augury and Hightouch joined the unicorn club [TechCrunch]TechCrunch
- Nikola's Bankruptcy Sale Is Clouded by Trump's Anti-EV Maneuvers [Yahoo! Finance]Yahoo! Finance
- Nikola Corporation: Bankruptcy Likely To Wipe Out Equity Holders - Strong Sell [Seeking Alpha]Seeking Alpha
- Nikola Exploring Bankruptcy, WSJ Reports, Sending Stock Tumbling [Yahoo! Finance]Yahoo! Finance
- What do recent layoffs in Arizona say about the economy? [USA TODAY]USA TODAY
NKLA
Earnings
- 5/7/24 - Miss
NKLA
Sec Filings
- 2/21/25 - Form 424B3
- 2/21/25 - Form 424B3
- 2/21/25 - Form 8-K
- NKLA's page on the SEC website