Five Nikola electric trucks catch fire at Phoenix headquarters, company says 'foul play suspected' | CNN Business

“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 underway,” the tweet said. A Nikola spokesperson reached by CNN said more information would be released as it became available. The first report of a fire was around 4:30 am MT, Phoenix Fire Department captain Todd Keller said.

The trucks were among more than 30 stored at the headquarters facility, Keller said. He could not say whether arson could be a factor until the fire department completed its investigation, a process that could take days or even weeks, Keller said. Nikola’s stock price dropped roughly 8% by late afternoon on Friday. Executives with the company are currently seeking shareholder approval for a reverse stock split intended to boost the company’s stock price, which currently stands at about $1.

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Foul play suspected in Nikola Motor fires that destroyed 4 electric semitrucks, company saysA fire Friday at the Nikola Motor Co. headquarters in Phoenix saw crews battle the blaze, resulting in the loss of four electric semitrucks.
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