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Electric-truck maker Nikola Corp. filed for Chapter 11 bankruptcy protection on Wednesday after the company failed to overcome market and macroeconomic challenges.
Troubled electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection. The company, once a rising star on Wall Street, became enmeshed in scandal and its founder was convicted in ...
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 ...
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The electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection, it said Wednesday. Executives said in October the EV maker had enough cash to operate only until 2025's first quarter.
Nikola's cash and cash equivalents fell sharply to $198.3 million at the end of September, compared with $464.7 million at the end of 2023. Its shares have lost more than 99% of their value since ...
Nikola stock fell on Monday after the electric semi-truck maker said it would temporarily pause Class 8 Tre truck sales due to a fire risk stemming from a battery pack.
Friday’s fire is the latest piece of tough news for Nikola, following on the heels of last week’s disclosure that the company would lay off around 270 workers. Nikola suspects 'foul play' in ...