Electric Truck Maker Nikola Explores Sale as Cash Dwindles
Other Possibilities Under Consideration Include Bringing on Partners or Raising New Funds, Sources Say
Nikola’s hydrogen fuel cell electric vehicle during a test drive. (Connor D. Wolf/Transport Topics)
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Nikola Corp. is exploring options to stave off a cash crunch, including potentially selling parts or all of the company, according to people familiar with the matter.
Other possibilities under consideration include bringing on partners or raising new funds, said the people, who asked not to be identified discussing the private effort. No decisions have been made, and management could decide not to take action.
“Despite external headwi…
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