Once a rising star on Wall Street, the formerly hot startup became enmeshed in scandal and its founder convicted in 2022.
EV maker Nikola Corporation filed for Chapter 11 bankruptcy protection on Wednesday after the embattled company faced ...
Nikola said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest ...
Nikola to keep up ‘limited operations’ and will pay its employees while it pursues an auction and sale process.
ANALYSIS: Hydrogen as well as battery-pack fuelled trucks were the big plan for Nikola but they got only 400 onto the road ...
Key Takeaways Electric vehicle startup Nikola on Wednesday filed for Chapter 11 bankruptcy.The company plans to hold an ...
The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a ...
On Wednesday, the electric vehicle maker — which paid $125 million to settle claims it misled investors — said it is seeking ...
Nikola was the latest high-profile EV company to go belly after failing to meet high expectations. Other EV startups that ...
It took years of difficulty for the truck startup, which at one point eclipsed the market cap of Ford, to reach this point.
Nikola Corp.’s plan to sell its business in bankruptcy is complicated by the federal government’s expected retreat from ...
Nikola's CEO said that the company could not overcome its financial challenges in recent months and decided bankruptcy was ...