Struggling e-truck maker Nikola files for Chapter 11 bankruptcy protection

Reuters

2025/02/19

Feb 19 (Reuters) - Nikola NKLA.O filed for Chapter 11 bankruptcy protection, according to a court filing, as the electric truck maker battled rapid cash burn and struggled to raise additional funds amid uncertain demand for its hydrogen and battery-powered big rigs.

(Reporting by Akash Sriram in Bengaluru; Editing by Savio D'Souza)

((Akash.Sriram@thomsonreuters.com; On X as @HoodieOnVeshti; +91-99017-77617;))

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