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Farewell to Nikola electric trucks? Company on the brink of bankruptcy

Farewell to Nikola electric trucks? Company on the brink of bankruptcy

by admin
March 5, 2025
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Nikola Company, a producer of electrical and hydrogen-powered vehicles that additionally had a three way partnership with Iveco, is contemplating submitting for chapter, in line with sources near the corporate. Nikola has had a tumultuous time, swinging between being a rising star on the inventory market and an organization tainted by scandal.

It’s at present working with a regulation agency and monetary advisors to arrange for a doable submitting underneath US regulation that will permit it to reorganise and defend itself from collectors.

Lack of liquidity

In line with Bloomberg, Nikola’s monetary difficulties have been exacerbated by a decline in money reserves, which fell to $198.3 million on the finish of September 2024 from $464.7 million on the finish of 2023.



Nikola Tre BEV

Regardless of efforts to elevate funds by debt and fairness choices totalling $300 million, the corporate’s monetary stability stays unsure. Nikola has produced greater than 80 lorries, however has a web lack of nearly $200m and solely has ample liquidity till April 2025.



Nikola Tre FCEV

Choices: chapter or refinancing

The Wall Avenue Journal and Reuters reported that in response to those challenges, Nikola is contemplating a number of choices, together with the sale of components of the corporate or a partnership, to boost capital and guarantee enterprise continuity. Information of the doable monetary difficulties had a big impression on the worth of Nikola’s shares, which fell 20 per cent to 60 cents in after-hours buying and selling.



Nikola Tre BEV

These developments mark yet one more chapter within the turbulent historical past of Nikola, which, allow us to not neglect, additionally boasts an necessary European partnership with Iveco, from which it equipped cabs for the American market and, in flip, supplied the know-how for the electrification of S-Methods. An organization that was as soon as valued at nearly $30 billion and is now struggling to outlive within the extremely aggressive electrical truck market.



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Tags: BankruptcybrinkCompanyElectricfarewellNikolaTrucks

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