EV maker Nikola 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.
President Trump is clear about his opposition to “unfair” EV incentives. Tesla and General Motors stand to bear the brunt if the federal EV tax credit is eliminated.
No decisions have been made and management could decide not to take action. “Despite external headwinds in the EV sector, we have been relentlessly working to raise capital, reduce our liabilities, ...