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Your CNN account Log in to your CNN account Nikola said at the time that the charges were false.Ĭorrection: A previous headline for this article misidentified the facility at which the fire was located. The report alleged, among other things, that the company overstated how far along prototypes were and the value of some business deals. In 2020, Nikola was the subject of a scathing report by Hindenburg Research, an investment fund that researches companies, shorts their stock, and subsequently publishes reports alleging shortcomings. When does Phoenix typically hit 100 degrees How about 110 in Yuma The following list provides official 30-year averages for certain temperature thresholds. The company has also announced that is sharply cutting spending. Nikola’s stock price dropped roughly 8% by late afternoon on Friday.Įxecutives 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 $1.30 a share. 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. The trucks were among more than 30 stored at the headquarters facility, Keller said. Given the large amount of energy stored in the batteries, fires that have been extinguished can reignite later through chemical reactions. By around 8:00 am Phoenix time, fire crews were still spraying water on the five trucks to try to cool the battery packs enough to move them into large storage bins where they could be covered in sand or water, Keller said.įires involving electric vehicle batteries can be difficult to get under control. The two have a strong background in retail and land deals, which. The first report of a fire was around 4:30 am MT, Phoenix Fire Department captain Todd Keller said. Rommie Mojahed and Andy Kroot are partners in the newly formed commercial brokerage, which launched earlier this month in Phoenix. “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.Ī Nikola spokesperson reached by CNN said more information would be released as it became available. When does Phoenix typically hit 100 degrees? How about 110 in Yuma? The following list provides official 30-year averages for certain temperature thresholds, as well as the earliest and latest days of occurrence for each if these cities.Nikola, a startup company that makes electric and hydrogen-powered semi trucks, said in a tweet Friday morning that several of its trucks had been damaged in a fire at the company’s Phoenix, Arizona headquarters.
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