Why Nikola (NKLA) Stock Is Getting Hammered
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
0mins
Should l Buy ?
Source: Benzinga
Nikola Corp's Financial Struggles: Nikola Corp's shares have plummeted by 30.1% to 26 cents following a delisting notice from Nasdaq and the filing for Chapter 11 bankruptcy, aiming to auction assets while maintaining limited operations until March 2025.
Market Challenges and Future Plans: Despite raising $300 million in December, Nikola faces severe financial difficulties with liabilities exceeding assets, and plans to continue supporting its hydrogen fuel cell trucks while seeking partners for future sustainability.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
