Nikola Considers Bankruptcy, Capping EV Maker’s Wild Ride

Nikola Corp. is exploring a possible bankruptcy filing, according to people familiar with the matter, following a tumultuous period in which the electric truck maker has swung between stock-market darling and scandal-plagued enterprise. The company is working with a law firm and financial advisers to prepare the potential Chapter 11 filing, which would protect it from creditors amid a cash crunch, the people familiar said, asking not to be identified because they are not …