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Nikola Corp., once valued at $30 billion, may go bankrupt after technology claims led to a market value collapse.
Nikola Corp., once valued at $30 billion, is facing potential bankruptcy as its market value has plummeted.
After being accused of misrepresenting its technology capabilities, the company is now exploring restructuring options with law firm Pillsbury Winthrop Shaw Pittman.
Nikola's cash reserves, which have significantly decreased, are expected to run out by April 2025, leaving the company's future uncertain.
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Nikola Corp., una vez valorado en $30 mil millones, puede ir a la quiebra después de que las reclamaciones de tecnología llevaron a un colapso del valor de mercado.