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FILE - Stephen Girsky, CEO of Nikola Corp., sits in one of the company's electric and hydrogen-powered trucks during the LA Auto Show, Thursday, Nov. 16, 2023, in Los Angeles.
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 share count has already grown by more than 170% over the last 18 months. With the company currently burning through cash at a rate of more than $510 million per year, even raising $500 ...
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. In 2020, Milton resigned as executive chairman of Nikola following regulatory inquiries.
EV maker Nikola Corporation filed for Chapter 11 bankruptcy protection on Wednesday after the embattled company faced “significant" macroeconomic challenges. ... In Other News. ... USA TODAY Sports.
With the company having promised thousands of vehicles when it floated, both battery-powered and hydrogen fuel cell powered, Nikola ultimately delivered fewer than 400 trucks last year.
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 ]
(Reuters) -Electric-truck maker Nikola is nearing filing for a bankruptcy, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company's shares fell 20% to 60 ...