Another EV maker goes bust, as Nikola files for bankruptcy
1. Nikola plans to auction its assets and maintain limited operations during the process.
Market Watch
181 days
-39.95%Current Return
VS-0.31%S&P 500
$0.765902/19 08:39 AM EDTEvent Start
$0.459902/20 03:15 PM EDTLatest Updated
FAQ
Why Very Bearish?
The asset sale implies financial distress; similar situations often lead to stock declines.
How important is it?
The asset sale process indicates severe operational issues, directly impacting investor sentiment.
Why Short Term?
Immediate effects of the auction process likely to influence NKLA price quickly.