The Electro-truck manufacturer According to a media report, Nikola is about to bank on the bankruptcy. Nikola works with a law firm to examine options such as a sale or restructuring of the company as part of a bankruptcy, the “Wall Street Journal” (WSJ) reported on Thursday, citing the matter.
The company’s shares fell by 21 percent to 59 cents in post -interconnected trade. Nikola was initially no statement.
The company has to struggle with high costs in connection with the production high run of its fuel cell electro truck. At the end of September, its liquid funds had dropped to $ 198.3 million compared to $ 464.7 million at the end of last year. Nikola boss Stephen Girsky (62) said in October about questions about the procurement of capital that the company spoke “actively with many different potential partners”.
Shortly after the IPO in 2020, Nikola had meanwhile reached a market value of more than $ 30 billion – and even exceeded car manufacturers such as ford (then mark value: $ 28.8 billion). At that time, the e-truck maker had not sold a single vehicle. Since then, however, the company’s shares have lost more than 99 percent of their value.