Nikola reports bankruptcy: from 30 billion star to bankrupt!

Nikola reports bankruptcy: from 30 billion star to bankrupt!

Phoenix, USA - The US electric truck manufacturer Nikola has filed for bankruptcy 11 of US insolvency law according to Chapter 11. The company, which was evaluated four years ago with impressive $ 30 billion, has suffered from enormous financial difficulties in the past few months and has not been able to win new investors or find a buyer. CEO Steve Girsky said disappointed and said: "Our best efforts were not enough to overcome the considerable challenges", like chip.de reported.

Despite an initial euphoria and market launch of products in 2022, the reality shows another side: by the end of 2024, Nikola only produced around 600 vehicles, many of which had to be recalled due to technical defects. High operating costs and weak demand also contributed to the tense financial situation, while scandals around the founder Trevor Milton, who was sentenced to a four -year prison sentence, shook the trust of the investors, according to oe24.at .

radical step: Auction of assets

The company plans to sell its assets in an auction while trying to maintain business operations during the bankruptcy proceedings. However, it is noted that the financial means will probably only be sufficient until the first quarter of 2025. The developments around Nikola illustrate the challenges that many modern automobile manufacturers are facing, especially in a rapidly changing market for electrical vehicles and the associated high costs.