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Nikola Corp is investigating a fire that affected its battery electric trucks at its Phoenix headquarters. The incident follows major layoffs and strategic shifts.
Nikola Corp. suspects "foul play" in a fire that occured at its Phoenix headquarters and affected some of its battery-electric trucks. The fire broke out in the early morning of June 23 behind the company's headquarters. A vehicle was noticed in the vicinity prior to the incident.
An investigation is underway but the company has not divulged how many trucks were affected. The incident follows a week after Nikola announced layoffs of 270 employees (about 23% of its workforce) and a shift to concentrate its electric truck efforts in North America in a bid to conserve cash.
Source: TechCrunch
Early this morning behind our Phoenix headquarters, a fire occurred which affected multiple battery electric trucks. No one has been injured. Foul play is suspected as a vehicle was seen in the area of the affected trucks just prior to the incident and an investigation is…
— Nikola Motor Company (@nikolamotor) June 23, 2023
Nikola Corporation, once valued at $30 billion and hailed as the future of EV trucking, has filed for Chapter 11 bankruptcy. The company’s stock plummeted 40% today, marking a staggering 99% decline from its 2020 peak of $1,977 per share to just $0.45.
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