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EV truck maker Nikola goes bust from The Verge - All Posts RSS feed.

EV truck maker Nikola goes bust

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 an auction and sale process, pending […]