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flag Nikola Corporation files for bankruptcy, grappling with fraud aftermath and financial woes.

flag Nikola Corporation, an electric vehicle maker, has filed for Chapter 11 bankruptcy protection, citing financial difficulties and market challenges. flag The company, once valued at $30 billion, has struggled after its founder, Trevor Milton, was convicted of fraud. flag Nikola has produced only a few hundred vehicles and faced significant net losses. flag The company plans to continue limited service operations while seeking to sell its assets.

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