Nikola shares are slumping. A report says the hydrogen-truck maker is nearing bankruptcy.
Nikola shares are tumbling after The Wall Street Journal reported that the once high-flying hydrogen-truck maker is about to file bankruptcy. Photo: Nikola Corp. Shares of Nikola Corp. tumbled Friday after a report surfaced that the hydrogen-truck maker is close to filing bankruptcy.
Hydrogen-Truck Maker Nikola Nears Bankruptcy Filing
Nikola, the much-hyped hydrogen-truck maker that was briefly valued more than Ford Motor, is nearing a bankruptcy filing, according to people familiar with the matter.
Nikola Stock Plunges on Report It’s Nearing Bankruptcy
Hydrogen and electric truck technology company Nikola is nearing a bankruptcy filing, according to The Wall Street Journal.
Nikola stock plunges on bankruptcy concerns
Shares of Nikola Corporation (NASDAQ:NKLA) tumbled 21% in after-hours trading on Thursday following reports that the company is considering bankruptcy. The Phoenix-based hydrogen-truck maker, once briefly surpassing Ford Motor (NYSE:F) in market valuation,
Nikola considering bankruptcy filing: report
Hydrogen-truck maker Nikola (NASDAQ:NKLA) is getting closer to filing for bankruptcy protection, The Wall Street Journal reported Thursday, citing people familiar with the matter. The people reportedly said that the company is working with law firm Pillsbury Winthrop Shaw Pittman to evaluate its options.
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