Read more
XTB Online Trading

Nikola Corporation goes bankrupt; company shares slide 55% 📉

2:23 PM 19 February 2025

Nikola CorporatNikola Corp. (NKLA.US) has filed for bankruptcy, topping off a long slide for the erstwhile electric vehicle industry darling, which has struggled with weak sales and cycled through CEO changes in the wake of a fraud scandal.

The company's market value peaked at $29 billion in the days close to the IPO, then fell to less than $100 million before filing for bankruptcy.

The company's shares lost nearly 55% before the open of Wall Street regular trading session.

 

 Historical chart of the company's shares. Source: xStation

Share:
Back

Market News

25.04.2025
19:11

Daily Summary: Wall Street wavers after Trump remarks 🚩 Bitcoin hits 2-month high

U.S. stock indexes are rising during today’s session but gave back part of their gains following comments from U.S. President Donald Trump. Trump...

 18:33

Three markets to watch next week (25.04.2025)

The trade war de-escalation has been a major driver of market fluctuations this week. Although hopes for an agreement between the US and China turned out...

 17:51

⚡Gold tumbles 2%

Gold prices (GOLD) have declined since the metal tested the $3500 area. Today’s session brings another strong downward move, with gold losing...
More news

Join over 1 000 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits