Nikola Corp (NASDAQ:NKLA) is facing a 4.7% decline in its shares, trading at $0.84 on Monday morning, as a result of downward momentum stemming from another truck fire incident that occurred on Friday. This incident represents the second fire involving the company’s vehicles this week and the fourth such occurrence this year.
What Happened?
An ‘engineering validation’ battery-electric truck caught fire around 8:30 am on Friday near Nikola’s Phoenix headquarters. Nikola said in a statement to Benzinga that this incident occurred during a battery fire investigation and testing.
This marks the second instance of a fire involving a Nikola truck this week. No injuries were reported as the pre-production truck was located outdoors, according to the company’s statement to Benzinga…Read More
According to data from Benzinga Pro, NKLA has a 52-week high of $5.58 and a 52-week low of $0.52.
