Why EV Maker Nikola Pulled Into Ch. 11

By Emlyn Cameron · February 21, 2025, 4:30 PM EST

Nikola Corp., maker of electric and hydrogen-powered trucks, struggled with financial difficulties common to its field, the costs of litigation in which it became embroiled and expenses tied to a voluntary...

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Bankruptcy Scorecard

Summary

The maker of electric and hydrogen-powered trucks filed for bankruptcy with plans to sell itself as a going concern.

Case Number

25-bk-10258

Judge

Thomas M. Horan

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1 billion to $10 billion

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