According to reports, the management of truck manufacturers is exploring the possibility of selling parts or the entire company
January 24, 2025, 07: 40
- In the past 12 months, Nicholas’ stock has plummeted 95 %, which has caused emergency survival negotiations.
- The company faces cash tightening and has enough funds in the first quarter of 2025.
- Despite the setbacks, Nicholas still produces its TRE electric truck when it is recalled several times.
It is not easy to break into the truck transportation business, just ask Nicholas. Its founder and former CEO Trevor Milton was not only sentenced to fraud in 2022, but also sentenced to four years in prison. After years of development, some interesting electric trucks have been developed. It is now reported that parts or all Nicholas can be sold.
The source of no name is that Nikola is in a financial predicament and requires the savior. Although the management has not made the final decision, it is possible to sell the company or may need to bring new partners. It is also possible to be forced to raise new funds.
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In the past 12 months, Nicholas’ stocks have lost about 95 % of its value, and the company urgently needs to reverse the situation. It is said that Steve Gersky, the current CEO of, is leading the efforts of being rescued by cash tightening. Nikola said that before the first quarter of 2025, Nikola had only sufficient cash to fund its obligations. At the same time, GIRSky pointed out that Nikola (Nikola) “actively talked with many potential partners, they attached importance to what we did and cherished our work ” VE construction,” ” Bloomberg Report.
In a recent statement, the company added: “Although the EV department’s external backwind, we have been working hard to raise funds, reduce debt, retain cash, and provide excellent services to our customers.”
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Since Milton was ruled by his company, the company continued to produce its battery power and hydrogen power truck. Since August 2023, it has been led by GIRSKY, and in the past few years, it has to recall several times. In July 2023, it was revealed that one of the trucks in Nicholas was re -ignited about one month after a fire in a parking lot in its Arizona headquarters.
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