Why an electric-truck maker once worth more than Ford just went bust
Nikola rode a wave of optimism about EV startups, but after years of scandals and financial troubles, it filed for bankruptcy protection.
EV truck maker Nikola goes bust
Nikola was the latest high-profile EV company to go belly after failing to meet high expectations. Other EV startups that failed include Lordstown, Proterra, and Fisker. TuSimple, a self-driving truck company from China, pivoted to gaming tech.
Electric-truck maker Nikola files for Chapter 11 bankruptcy protection
Nikola said Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of all or most of its assets, after grappling with rapid cash burn and struggling to raise funds in the past few quarters.
EV maker Nikola files for bankruptcy protection
Nikola's CEO said that the company could not overcome its financial challenges in recent months and decided bankruptcy was its best option.
Another EV maker goes bust. Nikola’s stock plunges after bankruptcy filing.
Nikola to keep up ‘limited operations’ and will pay its employees while it pursues an auction and sale process.
Nikola, Arizona maker of emissions-free heavy trucks, files for bankruptcy
Nikola Corp. will have $47 million in cash on hand to navigate Chapter 11 process. It hopes to wind down its Coolidge operations in March.
Nikola’s Bankruptcy Sale Is Clouded by Trump’s Anti-EV Maneuvers
Nikola Corp.’s plan to sell its business in bankruptcy is complicated by the federal government’s expected retreat from policies and incentives that were meant to boost electric-vehicle sales.
Electric truck startup Nikola files for bankruptcy
After struggling to raise cash and undergoing several leadership changes, the electric semi truck maker Nikola filed for bankruptcy Wednesday.
EV Truck Maker Nikola Pulls the Plug
The company filed for bankruptcy after struggling to bring its once highly-touted, zero-emissions vehicles to market.
Nikola EV maker, once valued at $30 billion, files for bankruptcy
Once a rising star on Wall Street, the formerly hot startup became enmeshed in scandal and its founder convicted in 2022.
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EV Maker Once Worth $30B Now on Brink of Collapse
Nikola, the electric vehicle maker which was once worth more than Ford, filed for bankruptcy on Wednesday after being unable ...
EV maker Nikola files for Chapter 11 bankruptcy protection
EV maker Nikola Corporation filed for Chapter 11 bankruptcy protection on Wednesday after the embattled company faced ...
New York Post3d
Scandal-ridden Nikola — known for its electric semi-trucks — files for bankruptcy
Scandal-scarred electric semi-truck maker Nikola — a pandemic darling once valued at $30 billion — filed for bankruptcy on Wednesday. The company said it is seeking an auction and sale process ...
Reuters4d
Nikola goes bankrupt, to sell assets in latest EV market turmoil
Nikola looks to wind down operations EV maker latest to go bankrupt in the sector Market valuation tumbles to under $50 million from peak of $27 billion Feb 19 (Reuters) - Nikola (NKLA.O), opens ...
justthenews2d
Electric truck-maker Nikola falls into bankruptcy joining a procession of failed EV startups
Nikola follows Canoo and Fisker into bankruptcy. Rivian continues to hold on, despite massive losses and taxpayer support, ...
Elon Musk had his $100 billion Tesla pay package denied by Delaware courts twice. Now, one of the EV maker’s law firms wants to change state law
With help from famed former judge Leo Strine, Delaware lawmakers have raced to propose a bill friendlier to controlling ...