Troubled Electric Vehicle Maker Nikola Files for Bankruptcy Protection

Troubled Electric Vehicle Maker Nikola Files for Bankruptcy Protection
Stephen Girsky, CEO of Nikola Corp., sits in one of the company's electric and hydrogen-powered trucks during the LA Auto Show in Los Angeles on Nov. 16, 2023. Damian Dovarganes/AP Photo
The Associated Press
Updated:
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Troubled electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection months after saying that it would likely run out of cash early this year.

Nikola was a hot start-up 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.