Troubled electric truck maker Nikola files for bankruptcy
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Nikola Corp., a hydrogen electric trucking startup, has filed for Chapter 11 bankruptcy protection after failing to find a buyer or secure additional funds.
February 19, 2025 | 2:30 pm
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Nikola Corp. has filed for Chapter 11 bankruptcy protection, indicating severe financial distress and inability to continue operations without restructuring.
The filing for Chapter 11 bankruptcy protection by Nikola Corp. is a clear indicator of financial instability and operational challenges. This news is critical for investors as it suggests a significant risk to the company's stock value and future operations.
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