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Nikola Motor Corp. stated this morning {that a} hearth affecting “a number of” battery electrical vans occurred behind its headquarters in Phoenix, Arizona, and the automaker suspects foul play.
The corporate stated in an announcement that no person was injured, however foul play is suspected to be the trigger because it stated, “a car was seen within the space of the affected vans simply previous to the incident.”
Early this morning behind our Phoenix headquarters, a fireplace occurred which affected a number of battery electrical vans. Nobody has been injured. Foul play is suspected as a car was seen within the space of the affected vans simply previous to the incident and an investigation is…
— Nikola Motor Firm (@nikolamotor) June 23, 2023
Nikola has had a protracted and tumultuous story for the previous few years and remains to be working to stabilize its operations and manufacturing.
The corporate posted a sizeable loss in Q1 and produced 63 models of its Tre BEV, with 31 of them making their approach to sellers.
It ended up pausing manufacturing briefly to change its meeting line and shifted the Tre to a “built-to-order” product. This undertaking started on the finish of Could 2023.
Nikola was additionally dealing with a possible delisting from NASDAQ because it had failed to take care of a closing minimal bid value of $1 per share. The corporate was despatched a discover from the inventory change in late Could.
Nikola has recovered properly prior to now month and is up over 70 p.c prior to now month. The inventory is at present buying and selling at $1.32 a share.
Disclosure: Joey Klender shouldn’t be a NKLA Shareholder.
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