Once a rising star on Wall Street, the formerly hot startup became enmeshed in scandal and its founder convicted in 2022.

Nikola, an EV startup once valued higher than Ford, has filed for Chapter 11 bankruptcy. In the wake of a high-profile scandal and a recall that rocked the company to its core, Nikola says it only has about $47 million in cash on hand.

ANALYSIS: Hydrogen as well as battery-pack fuelled trucks were the big plan for Nikola but they got only 400 onto the road last year. Karl Matchett details the wrong turns taken