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NIKOLA BANKRUPTCY PROTECTION
Kevin Spacey hits back at Guy Pearce’s allegations that he ‘targeted’ the actor: ‘Grow up’Actor Kevin Spacey has dismissed Guy Pearce’s claims that he targeted him during the filming of L.A. Confidential in 1997. In a video poste...
19 Feb, 2025, 10.42 PM IST
Marvel Rivals achieves success, yet developers face unexpected layoffs as NetEase cuts jobsSeveral Marvel Rivals developers, including the game director, have reportedly been laid off despite the game’s strong performance on Steam...
19 Feb, 2025, 10.02 PM IST
Electric truck company Nikola files for Chapter 11 bankruptcy protection — Calls it ‘best possible path forward’In a press release, Nikola stated that it intends to continue providing limited (non-dealer) service and support operations for its trucks ...
19 Feb, 2025, 09.45 PM IST
Nikola shares slump 38% after it goes bankrupt, to sell assets in latest EV market turmoilNikola said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest electric-vehic...
19 Feb, 2025, 09.31 PM IST
US stocks slide as markets assess latest tariff threatsUS stocks: Wall Street's main indexes declined on Wednesday as investors evaluated President Trump's latest tariff threats and awaited the ...
19 Feb, 2025, 09.26 PM IST
From market rout to bankruptcy, here's how Hindenburg shook some empiresHindenburg Research shuts down: Hindenburg Research, founded by Nate Anderson in 2017, exposed various high-profile corporate frauds and fi...
16 Jan, 2025, 06.14 PM IST
What are EV startups doing to ride out weak demand?Fisker filed for bankruptcy protection due to fundraising difficulties and weak demand for its Ocean electric SUV. Rivian, Lucid Group, and...
19 Jun, 2024, 11.04 AM IST
Hindenburg’s Adani, Icahn calls mark year of prominent betsThese successes mark a string of big hits dealt by the firm founded by Nate Anderson. A scorecard of 14 of the firm’s prominent bets since ...
19 Dec, 2023, 08.43 AM IST
EV startup founders made big claims, now one could go to prisonA federal judge in Manhattan will sentence Trevor Milton, founder and former CEO of the truck company Nikola, after a jury found him guilty...
19 Dec, 2023, 12.38 AM IST
Lordstown Motors files bankruptcy, sues FoxconnFoxconn previously invested about $52.7 million in Lordstown as part of the agreement, and currently holds a roughly 8.4% ownership stake i...
27 Jun, 2023, 10.41 AM IST
How Adani selloff stacks up against the biggest stock collapsesThe short position put Ackman at odds with fellow billionaire, Carl Icahn, who became the company’s biggest holder. Icahn went on to defend...
04 Feb, 2023, 11.01 AM IST
View: Why companies should stop seeing disruptive innovation through the lens of failureIn India, the EV industry has had its share of debacles. Good or bad, these baby steps reaffirmed faith in EVs, and sustaining (some “jugaa...
17 Feb, 2022, 02.26 PM IST