Proterra, the electric vehicle company championed by President Joe Biden, has filed for bankruptcy in a move that delivers a black eye to the administration’s green and economic agendas.
The announcement late Monday came as the president is touring the country trying to convince voters his Bidenomics agenda is working, a claim polling shows is not being accepted by voters. Proterra cited the economy as part of the reason for its collapse.
“We have faced various market and macroeconomic headwinds that have impacted our ability to efficiently scale,” CEO Gareth Joyce said in a statement.The company submitted documents for Chapter 11 […]
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