Hydrogen Central

Nikola (NKLA) Explores Strategic Options Amid Cash Flow Challenges

nikola Cash Flow Challenges

Nikola (NKLA) Explores Strategic Options Amid Cash Flow Challenges

Electric vehicle manufacturer Nikola (NKLA, Financial) is reportedly exploring various strategic options, including selling parts of its business or the entire company, as it faces significant cash flow challenges. According to sources, the company is also considering bringing in partners or raising new funds to sustain its operations.

Nikola has been struggling with the high costs associated with ramping up production of its fuel cell electric trucks. As of the end of September last year, the company’s cash and cash equivalents had significantly dropped to $198.3 million, compared to $464.7 million at the end of the previous year.

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Nikola (NKLA) Explores Strategic Options Amid Cash Flow Challenges, source

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