Phoenix-based electric automaker Nikola has filed bankruptcy and closing for good in Arizona so here’s what the means for other Arizona EV companies.
Troubled Phoenix-based 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.
