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Internal and external problems alike. Nikola now has a cash balance of just $47m, but debts of over $350m. The company has tried “to raise capital, reduce our liabilities, clean up our balance ...
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.
Electric truck startup Nikola was once worth more than Ford, but has now filed for bankruptcy. The truck maker faced a high-profile fraud scandal and eventually ran out of money. Nikola is the ...
Trevor Robert Milton (born April 6, 1982) is an American entrepreneur and convicted felon, founder and former executive chairman of Nikola Corporation, a company focused on developing hydrogen and electric-powered commercial vehicles.
Legal questions now loom after electric truck entrepreneur, Trevor Milton, stepped down Monday as executive chairman and board member of his newly public company Nikola.
Nikola Corporation (formerly known as Nikola Motor Company) is an American manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions. [2] It presented several concept vehicles from 2016 to 2020, the first of which was a natural gas fueled turbine-electric semi truck . [ 3 ]
Nikola said in the filing that it plans to file with the arbitration panel an application to recover attorneys' fees related to the matter. Shares of the Phoenix-based company soared more than 19% ...
Nikola founder Trevor Milton was sentenced to four years in prison on Monday for lying to investors about the company’s technology. ... “But today’s sentence should be a warning to start-up ...