<p>Electric-truck maker Nikola is nearing filing for a bankruptcy, the <em>Wall Street Journal</em> reported on Thursday, citing people familiar with the matter.</p><p>The Phoenix, Arizona-based company was working with law firm Pillsbury Winthrop Shaw Pittman to explore options including a sale or restructuring of the company in bankruptcy, according to the report.</p>.Nikola recalls 209 battery-electric trucks, halts sales after fire probe.<p>Nikola has been struggling to raise funds, and its cash balance has dwindled as it continues to lose hundreds of thousands of dollars for every unit sold.</p><p>The company and the law firm did not immediately respond to <em>Reuters</em> requests for comment. </p>
<p>Electric-truck maker Nikola is nearing filing for a bankruptcy, the <em>Wall Street Journal</em> reported on Thursday, citing people familiar with the matter.</p><p>The Phoenix, Arizona-based company was working with law firm Pillsbury Winthrop Shaw Pittman to explore options including a sale or restructuring of the company in bankruptcy, according to the report.</p>.Nikola recalls 209 battery-electric trucks, halts sales after fire probe.<p>Nikola has been struggling to raise funds, and its cash balance has dwindled as it continues to lose hundreds of thousands of dollars for every unit sold.</p><p>The company and the law firm did not immediately respond to <em>Reuters</em> requests for comment. </p>