EV maker recently worth more than Ford teeters on the brink as it mulls bankruptcy
Once hailed as one of America's most promising EV makers, a multi-billion-dollar green-tech giant now appears on the knife's edge of bankruptcy. Nikola, a hydrogen class-8 truck manufacturer, is in talks about an upcoming bankruptcy, according to The Wall Street Journal. Initial discussions appear to revolve around a potential Chapter 11 filing. Executives are debating a sale or restructure of the company, according to The Journal. A Nikola spokesperson told the publication the company is still assessing its financial position.
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