Shares of cash-strapped Nikola nosedive on report of potential sale
1. Nikola's shares dropped 27.8% after sale option reports. 2. Stock closed at 85 cents, a new 52-week low of 76 cents. 3. Company only has enough cash to operate until Q1 2025. 4. CEO indicates negotiations with potential partners to raise new funds. 5. Nikola is under scrutiny similar to other failed SPAC-backed EV companies.