Another EV maker goes bust, as Nikola files for bankruptcy
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Nikola Corporation has filed for bankruptcy and plans to auction and sell its assets while maintaining limited operations during the sale process.
February 19, 2025 | 1:45 pm
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Nikola Corporation has filed for bankruptcy and will auction and sell its assets, continuing limited operations during the process.
The bankruptcy filing and asset sale are critical events for Nikola, likely leading to a negative impact on its stock price. The company's financial instability and the uncertainty of the auction process contribute to this outlook.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100