💥Charging into Bankruptcy💥

Nikola Corp., Mullēn Automotive Inc. + Hyzon Motors Inc. struggle. Plus: a Ligado Networks update.

⚡Update: Nikola Corp. ($NKLA)⚡

Source: Nikola Corporation

Electric vehicle manufacturers have been dropping like flies lately — filling more bankruptcy dockets than garages.

We previously discussed the shocking (ok, not so much) chapter 7 filing filed by Canoo Inc. (“Canoo”) here:

💥A Vendor Apocalypse💥

Of course, Canoo isn’t a pioneer. It was preceded in bankruptcy court by ot…