Nikola Explores Options Amid Cash Crunch
EV maker Nikola (NKLA.O) is exploring sale options or partnerships as it deals with a cash crunch. Its shares fell 28% in late trading, and its cash reserves dropped to $198.3 million at the end of September from $464.7 million at year-end 2023. The company’s electric-truck production costs remain high. CEO Stephen Girsky mentioned talks … Read more