The electric vehicle and storage company, which has been featured by President Joe Biden on multiple occasions, filed for bankruptcy after the New York Stock Exchange closed on Monday night, according to Reuters. It valued its assets and liabilities at somewhere between $500 million and $1 billion, down from $1.6 billion in January 2021.
Biden also participated in a virtual tour of a Proterra manufacturing facility in South Carolina in 2021, where he revealed he used to be a bus driver.
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Hunter Biden's business world overlapped with Joe Biden's political worldThe fact that some Biden family confidantes had roles that intersected with both Hunter Biden's business dealings and Joe Biden's political career is significant, considering Joe Biden's repeated claims of having no knowledge of his son's business activities. While Joe Biden now asserts that he was never involved in business with his son, some of his aides cannot make the same claim.
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Devon Archer Testimony: Hunter Biden's Business Partner's AccountDevon Archer, Hunter Biden's business partner, testified before Congress regarding Joe Biden, Burisma, and Hunter Biden's business deals. Archer stated that he never witnessed Joe Biden discussing any business deals on the phone with Hunter, refuting claims of corruption by the Biden family.
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