Arizona-based EV Long Haul Truck maker Nikola files for bankruptcy

After officials with electric vehicle maker Nikola said they would likely run out of cash early this year, the company filed for Chapter 11 bankruptcy.

Here's what to know about the company, its history, and why it decided to file for bankruptcy.

In previously-released statements, the company describes itself as 'an integrated truck and energy company' that is based in Phoenix, with a factory in Coolidge.

The company was making electric semi trucks, which is something unique to the industry.

This isn't the first time the company has been under the spotlight, as the company's founder was convicted of fraud just over a year ago.