Nikola, a company that makes electric trucks, went bankrupt! It was once worth a lot of money, even more than Ford, but things didn't go as planned. They couldn't get enough money to keep going.
- Nikola made electric and hydrogen trucks, but didn't sell many.
- The company's founder was accused of lying about the trucks.
- Nikola has about $47 million left and will try to sell its assets.
| Fact | Number |
|---|---|
| Peak Valuation (2020) | Over $30 billion |
| Cash on hand | $47 million |
| Trucks manufactured since 2022 | 600 |
