Shares of cash-strapped Nikola nosedive on report of potential sale

Core Viewpoint - Nikola is exploring options to sell parts or all of its business, leading to a significant drop in its stock price by 27.8% to 85 cents, with a new 52-week low of 76 cents reached prior to trading close [1][2] Group 1 - Nikola's stock closed at 85 cents after a 27.8% decline, marking a new 52-week low of 76 cents [1] - The company is considering various options, including selling parts of the business, bringing on partners, and raising new funds [2] - Nikola warned investors that it only has enough cash, reported at $198 million, to support operations into the first quarter of 2025 [2]