The sun may be setting for Phoenix-based Nikola Motors after a recent Bloomberg report said the electric truck maker is considering a possible sale or partnership as it attempts to raise capital to stay afloat. This is not new for Nikoka, but like a financial game of musical chairs where you burn the chairs to keep warm, there may be no more chairs left.
MSN reported that Nikola’s stock price has collapsed to a record low. The company once worth $26 billion in 2020 is now estimated at $74...
https://www.freightwaves.com/news/nikola-seeks-financial-lifeline-amid-bankruptcy-rumors