Shares of cash-strapped Nikola nosedive on report of potential sale
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Nikola's shares plummeted by 27.8% following reports that the company is considering selling parts or all of its business. Other options include seeking partners and raising new funds.
January 23, 2025 | 9:45 pm
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Nikola's stock fell sharply by 27.8% after reports emerged that the company is considering selling parts or all of its business. The company is also exploring partnerships and raising new funds.
The significant drop in Nikola's stock price is directly linked to the news of a potential sale, which indicates financial instability. This uncertainty is likely to negatively impact investor confidence in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100