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Nikola Corporation files for bankruptcy, grappling with fraud aftermath and financial woes.
Nikola Corporation, an electric vehicle maker, has filed for Chapter 11 bankruptcy protection, citing financial difficulties and market challenges.
The company, once valued at $30 billion, has struggled after its founder, Trevor Milton, was convicted of fraud.
Nikola has produced only a few hundred vehicles and faced significant net losses.
The company plans to continue limited service operations while seeking to sell its assets.
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Nikola Corporation se declara en bancarrota, lidiando con secuelas de fraude y problemas financieros.