Proterra (PTRA) Stock

BURLINGAME, Calif.--(BUSINESS WIRE)-- #CleanPorts--Taylor Machine Works and Proterra, a leading innovator in commercial vehicle battery technology, today announced a new agreement to power Taylor's ZLC and ZEC-series electric container handlers, ZRS-series reach stackers, and ZH-series of electric forklifts using Proterra's battery technology. “We are delighted to renew our partnership with Taylor Machine Works to power port and industrial machinery with Proterra battery technology,” said Chris Bailey, CEO o.

Stocks indices are mixed in today's session, though the electric vehicle (EV) sector is seeing headwinds build today. Prominent electric bus manufacturer Proterra (NASDAQ: PTRA ) has officially filed for bankruptcy.

The EV SPAC frenzy is fizzling, with Proterra (PTRA) being the latest to file for bankruptcy. Read on to know more about PTRA's fall from glory in the EV realm.

Shares of Proterra (NASDAQ: PTRA ) are up by about 20% today. This comes as the electric bus maker announced that it has voluntarily filed for Chapter 11 bankruptcy protection.

Proterra, a company that develops battery systems for buses and other heavy duty EVs, filed for bankruptcy earlier this week, making it the latest in a string of failures in the EV sector.

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

BURLINGAME, Calif. — Electric bus and truck maker Proterra PTRA, -88.31% says it is seeking Chapter 11 bankruptcy protection from a federal court in Delaware.

Auto parts supplier Proterra (NASDAQ: PTRA ) — which specializes in heavy-duty electric vehicle (EV) components — filed for bankruptcy on Monday. At the ringing of the opening bell on Tuesday, PTRA stock immediately collapsed, hemorrhaging roughly 84% of equity value.

Seeking protection from creditors while continuing to operate, EV parts supplier Proterra filed for Chapter 11 bankruptcy. The company's stock fell more than 65% in pre-market trade on Tuesday.