Troubled electric vehicle maker Nikola files for bankruptcy protection

<p>After becoming embroiled in scandal, formerly hot startup and Wall Street star had said it would likely run out of cash</p><p>Troubled electric vehicle maker Nikola has filed for <a href="https://www.theguardian.com/business/chapter-11-corporate-bankruptcies">Chapter 11 bankruptcy</a> protection months after saying that it would likely run out of cash early this year.</p><p>Nikola was a hot startup and rising star on Wall Street before becoming enmeshed in scandal and its founder was convicted in 2022 for misleading investors about the Arizona company’s technology.</p> <a href="https://www.theguardian.com/environment/2025/feb/19/nikole-bankruptcy-protection">Continue reading...</a>