Nikola Files for Chapter 11 Bankruptcy Amid EV Market Turmoil
Nikola Corporation, an electric vehicle maker, has filed for Chapter 11 bankruptcy protection, citing market and macroeconomic challenges that have impacted its operations. The company will pursue a sale of its assets to maximize value and ensure an orderly wind down. Nikola’s struggles in the electric vehicle sector are not unique, with several other startups, … Read more