Nikola
Nikola Files for Bankruptcy, Marking the Fall of a Silicon Valley Darling
February 20, 2025 – Nikola Corp., the once-promising hydrogen electric truck startup, has filed for Chapter 11 bankruptcy protection on Wednesday, citing its inability to find a buyer or raise additional funds to sustain its operations. Nikola, which was once a darling of Silicon Valley, saw its valuation soar to $30 billion after going public…
Nikola Teeters on Edge of Bankruptcy Amid Financial Struggles and Past Feuds with Tesla
February 8, 2025 – According to a report by The Wall Street Journal, Nikola Corporation, the American hydrogen-electric truck manufacturer, is on the brink of bankruptcy. Once seen as a significant contender in the sustainable long-haul transportation market, the company is now exploring various options including selling the company or undergoing bankruptcy reorganization. Nikola, which…
Nikola Faces Financial Crunch: Stock Down 95%, Considers Asset Sale
January 25, 2025 – Nikola Corporation, an American startup specializing in electric and hydrogen-powered semi-trailer trucks, is reportedly exploring options to address its cash crisis, according to sources cited by Bloomberg. Among the potential solutions being considered by the company is the possible sale of some or all of its assets. In addition to asset…