EV maker Nikola exploring options including potential sale, Bloomberg News reports (updated)

Nikola

23/01/2025 20:52

(Adds shares in paragraph 2, details throughout)
       Jan 23 (Reuters) - EV maker Nikola  NKLA.O  is exploring
options including selling parts of its business or the entire
company as it struggles with a cash crunch, Bloomberg News
reported on Thursday. 
    The company's shares slumped 28% in late-afternoon trading. 
    Possibilities under consideration also include bringing on
partners or raising new funds, the report said, citing people
familiar with the matter. 
    Nikola did not immediately respond to a Reuters request for
comment. 


 (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj
Kalluvila)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))