On Friday, June 23, 2023, a fire broke out at Nikola’s headquarters in Phoenix, Arizona. The fire affected multiple battery electric trucks, and Nikola suspects foul play. The company has not released any further details about the fire, but it is investigating the matter.
The fire caused Nikola’s stock price to slide nearly 8%. The stock is now trading at $5.50 per share, down from a high of $90 per share in 2020.
Nikola is an electric vehicle company founded in 2015, plagued by controversy since its inception. In 2019, founder Trevor Milton was accused of fraud and eventually convicted of three counts. He is scheduled to be sentenced on June 21, 2023.
The fire at Nikola’s headquarters is a recent setback for the company. Its impact on business is uncertain. The stock market’s reaction indicates declining investor confidence.
Here are some additional details about the fire:
- The fire broke out at around 4:00 AM local time.
- The fire affected multiple battery electric trucks.
- No one was injured in the fire.
- Nikola suspects foul play, but has not released any further details.
- The stock market reacted negatively to the fire, with Nikola’s stock price falling nearly 8%.
