FILE PHOTO: A hydrogen-powered Artic truck at the booth of U.S. truckmaker Nikola at the IAA Transportation fair in Hanover, Germany, September 19, 2022. REUTERS/Fabian Bimmer/File Photo
(Reuters) - Nikola filed for bankruptcy protection on Wednesday, the latest electric vehicle firm to shut operations after grappling with tepid demand, rapid cash burn and funding challenges.
The move ends a challenging journey for the electric truck maker which included several leadership changes, sinking share value and short-seller allegations.
