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. The company, once a rising star on Wall Street, became enmeshed in scandal and its founder was convicted in 2022 for misleading investors about the company's technology.

Arizona-based electric vehicle maker Nikola filed for Chapter 11 bankruptcy protection following financial struggles and difficulty finding investors. Nikola filed for bankruptcy in the United States