Why Nikola (NKLA) Stock Is Getting Hammered
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
0mins
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.
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.
