Hydrogen truck maker Nikola is considering a sale or a restructuring as it prepares to file for bankruptcy, the Wall Street Journal has reported, citing unnamed sources close to developments. The company enjoyed a lot of attention when it went public in 2020 despite not having sold any products at the time.
Even so, its market cap at one point hit $30 billion, making the company temporarily more valuable than Ford. Later, however, a short seller revealed its chief executive had overhyped Nikola’s business plan to investors, for which he was…Hydrogen Hopeful Nikola Nears Bankruptcy
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