
Scandal-scarred electric semi-truck maker Nikola — a pandemic darling once valued at $30 billion — filed for bankruptcy on Wednesday. The company said it is seeking an auction and sale process of its assets, becoming the latest electric-vehicle maker to stumble after grappling with tepid demand, rapid cash burn and funding challenges. “Like other companies in the electric vehicle industry, we have faced various market and macroeconomic factors that have impacted our ability to operate,” chief executive Steve Girsky said in a statement. He said Nikola has tried to raise...