Nikola weighs sale, partnerships to stave off cash crunch, Bloomberg reports

Nikola (NKLA) is looking into options to stave off a cash crunch, including a possible sale of parts or all of the company, Bloomberg’s David Welch and Kara Carlson report, citing people familiar with the matter. Other options under consideration include bringing on partners or raising new funds, the authors note. No decisions have been made as of yet, and management could opt against any major changes, the authors say. Shares of Nikola are down 29% after the news.