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Nikola, a United States-based manufacturer of hydrogen-electric trucks, finds itself on the precipice of bankruptcy and is currently in discussions with law firms about potential options such as a sale or bankruptcy reorganization. The company is in the process of assessing its financial standing and liquidity requirements, exploring various avenues to navigate its predicament. Once a formidable contender in the sustainable long-haul transportation sector, Nikola has been embroiled in controversy since its 2020 initial public offering (IPO), marred by accusations of misrepresenting its technology. These allegations led to the resignation of its Chief Executive Officer (CEO). Despite the introduction of the Nikola Tre truck by the new management, the company's latest financial report revealed a net loss of nearly $200 million, with a mere 80 trucks produced.
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