Nikola Corporation (NKLA, Financial), once dubbed the "Tesla of trucks," experienced a dramatic decline in its stock price, plummeting over 48% to $0.3944. The significant drop comes as the company filed for bankruptcy protection in a Delaware court.
According to court documents, Nikola's estimated assets range between $500 million to $1 billion, while its liabilities are significantly higher, ranging from $1 billion to $10 billion. This stark imbalance highlights the company's severe financial distress.
