Embattled EV maker Nikola files for Chapter 11 bankruptcy protection
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Nikola, an electric vehicle manufacturer, has filed for Chapter 11 bankruptcy protection after being unable to find a buyer or secure additional funding. This marks the end of a prolonged decline for the company.
February 19, 2025 | 1:00 pm
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Nikola has filed for Chapter 11 bankruptcy protection, unable to find a buyer or secure additional funding, marking the end of its operations.
The filing for Chapter 11 bankruptcy indicates severe financial distress and the inability to continue operations, which is likely to lead to a significant decline in NKLA's stock price.
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