Proterra Files for Chapter 11 Bankruptcy, Stock Plummets

📆 8/9/2023 12:59 AM
📰 MarketWatch

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Proterra stock craters as electric-bus maker files for Chapter 11 bankruptcy

BURLINGAME, Calif. — Electric bus and truck maker Proterra PTRA says it is seeking Chapter 11 bankruptcy protection from a federal court in Delaware.

President... BURLINGAME, Calif. — Electric bus and truck maker Proterra PTRA says it is seeking Chapter 11 bankruptcy protection from a federal court in Delaware. President Joe Biden visited the company’s factory in South Carolina in 2021 to highlight U.S. electric vehicle makers.

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Silicon Valley electric vehicle tech maker Proterra files for bankruptcyProterra, a leading electric vehicle technology company based in Silicon Valley, has filed for bankruptcy. The company plans to either recapitalize its businesses or sell them off. Despite the financial challenges, Proterra will continue its operations using existing funds.
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