EV truck maker Nikola goes bust

The Verge
By Andrew J. HawkinsFeb 19, 2025, 9:15 am128 pts
Struggling electric truck company Nikola said it was filing for Chapter 11 bankruptcy protection on Wednesday and would sell off its assets, effectively ending a challenging journey punctuated by rapid cash burn, allegations of fraud, and the incarceration of its first CEO and founder. Nikola said it would seek…

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