EV maker Nikola files for bankruptcy protection
Nikola(NKLA) Business Insider·2025-02-19 13:05Electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection, it said Wednesday.Company executives said in October that the EV maker only had enough cash to operate until Q1 2025.Nikola faced fraud allegations in 2020, leading to investigations and founder Trevor Milton's conviction.Troubled electric truck maker Nikola has filed for Chapter 11 bankruptcy protection, the company said Wednesday. Nikola's CEO, Steve Girsky, said in a statement that "various market and macroeconomic factors" had ...