Embattled EV maker Nikola files for Chapter 11 bankruptcy protection
- Nikola has filed for Chapter 11 bankruptcy protection while pursuing a sale of its assets due to rapid cash burn and difficulty in raising funds.
- Nikola's estimated assets are valued between $500 million and $1 billion, while its liabilities range from $1 billion to $10 billion according to court filings.
- Trevor Milton, Nikola's founder, was convicted in 2022 of federal securities fraud charges related to misleading claims about the company's vehicles.
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105 Articles
105 Articles
All
Left
15
Center
19
Right
14
Coverage Details
Total News Sources105
Leaning Left15Leaning Right14Center19Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 31%
C 40%
R 29%
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