EV maker Nikola exploring options including potential sale, Bloomberg News reports
1. Nikola considers selling parts or all of its business amid cash struggles. 2. Cash crunch may lead to significant operational changes affecting stakeholders.
FAQ
Why Very Bearish?
The potential sale indicates severe financial distress reminiscent of prior struggling EV companies, likely harming investor confidence.
How important is it?
The exploration of selling indicates major operational changes which could significantly influence market perception and stock performance.
Why Short Term?
Immediate liquidity issues can lead to rapid price fluctuations, as seen with other distressed companies.