Nikola, a company that made electric trucks, went bankrupt! It was once worth a huge $26 billion, but now it's facing big money problems. This shows how quickly things can change for businesses.
- Nikola made electric trucks, but it had many problems.
- Its founder was found guilty of lying about the trucks.
- The company had to recall some trucks because of battery fires.
- Now, Nikola is trying to sell its stuff to pay off its debts.
| Fact | Number |
|---|---|
| Highest value of Nikola | $26 billion |
| Estimated assets | $500 million - $1 billion |
| Estimated liabilities | $1 billion - $10 billion |
| Fine paid to SEC | $125 million |
| Cost of battery recall | $61.8 million |
