Proterra Inc. (Nasdaq: PTRA), a struggling electric vehicle components provider, has taken the step of filing for Chapter 11 bankruptcy protection due to industry-wide challenges. This decision follows a recent pattern in the sector, where companies grapple with supply chain hurdles, reduced demand, and financial difficulties. The announcement comes shortly after Lordstown Motors’ bankruptcy filing, … Continue reading Cash-Strapped EV Battery Maker Proterra Files for Bankruptcy