Bollinger Innovations Inc (BINI)

[Bubae]

Nikola had traders and GM backing and is now bankrupt. This Michery failed rebadged Chinese EV maker is supported by fools who trade the stock and is still conducting business. 🤔 Burn this down to a quarter again and get on with the next split. It is well past time for traders of this stock to leave the lenders holding the bag for a change.


EV maker Nikola files for Chapter 11 bankruptcy protection
Published February 19, 2025 8:26am EST
https://www.foxbusiness.com/markets/ev-maker-nikola-files-chapter-11-bankruptcy-protection

Electric-truck maker Nikola Corp. filed for Chapter 11 bankruptcy protection on Wednesday after the company failed to overcome market and macroeconomic challenges.

It hasn't been smooth sailing for the company, which went public in 2020 and, in short order, formed a strategic partnership with General Motors in which the Detroit automaker received a $2 billion equity stake in Nikola.