<ul><li>Electric trucking startup Nikola Corp. has filed for Chapter 11 bankruptcy protection.</li><li>The company plans to go to auction with its assets to raise funds and repay its debts.</li><li>Nikola faced challenges in the market due to various factors, including scandals surrounding its founder and former CEO Trevor Milton.</li><li>Nikola had been trying to raise capital to sustain operations but failed to secure additional funds.</li></ul>

Troubled electric truck maker Nikola files for bankruptcy

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