Scandal-ridden Nikola — known for its electric semi-trucks — files for bankruptcy
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Nikola, an electric vehicle maker known for its semi-trucks, has filed for bankruptcy. The company, which previously settled claims of misleading investors for $125 million, is now seeking an auction and sale process of its assets.
February 19, 2025 | 4:15 pm
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Nikola has filed for bankruptcy and is seeking an auction and sale of its assets. This follows a $125 million settlement over claims of misleading investors.
The bankruptcy filing is a significant negative development for Nikola, indicating severe financial distress. The auction and sale of assets suggest a potential liquidation, which is typically detrimental to stock value.
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