Nikola reportedly considering sale, share price plummets

On 31 October 2024, zero-emission truckmaker Nikola established in its Q3 earnings name that money and time had been each operating out: Chief Monetary Officer Tom Okray calculated its operations and obligations would final into however not past Q1 2025. Though emphasising that the corporate was “lean and able to scale,” he made it clear securing recent capital can be essential for Nikola to have a future.