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Nikola, EV

Hosted on MSN · 2d

Nikola EV maker, once valued at $30 billion, files for bankruptcy

Once a rising star on Wall Street, the formerly hot startup became enmeshed in scandal and its founder convicted in 2022.

Reuters on MSN · 2d

Nikola goes bankrupt, to sell assets in latest EV market turmoil

Nikola said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest electric-vehicle maker to stumble after grappling with tepid demand, rapid cash burn and funding challenges.

Nikola went from $30bn EV hope to bankrupt penny stock in just five years – what went wrong?

ANALYSIS: Hydrogen as well as battery-pack fuelled trucks were the big plan for Nikola but they got only 400 onto the road last year. Karl Matchett details the wrong turns taken

2don MSN

Tesla rival Nikola files for Chapter 11 bankruptcy citing dire electric vehicle market

Nikola, a Phoenix, Arizona-headquartered EV maker, filed for Chapter 11 bankruptcy due to monetary concerns and being a part of a struggling market.

19hon MSN

Rivian Automotive Stock Falls as EV Maker's Delivery Estimates Come Up Short

Rivian Automotive shares fell Friday, a day after the company predicted 2025 deliveries below analysts' estimates.

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