Nikola Surpassed Ford: BankruptcyFrom $30B Valuation to Ch. 11 The electric and hydrogen truck industry has been buzzing with the recent news of Nikola, once boasting a market cap higher than Ford, filing for Chapter 11 bankruptcy protection. Observers who watched the meteoric rise of this startup are now asking: how did a company that briefly surpassed a major automaker in valuation collapse s..
