theguardian.com
🌐 85% Global Worthiness
Nikola Files for Bankruptcy Amidst Founder's Fraud Conviction and Slowing EV Sales
Troubled electric vehicle maker Nikola filed for Chapter 11 bankruptcy protection on Wednesday, citing slowing sales and macroeconomic factors; founder Trevor Milton was previously convicted of fraud, and the company's stock price plummeted following the announcement.
Nikola Files for Bankruptcy Amidst Founder's Fraud Conviction and Slowing EV Sales
Troubled electric vehicle maker Nikola filed for Chapter 11 bankruptcy protection on Wednesday, citing slowing sales and macroeconomic factors; founder Trevor Milton was previously convicted of fraud, and the company's stock price plummeted following the announcement.
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