Another Nikola electric truck caught fire on Friday, making it the fourth such incident this year.
Nikola's Truck Friday's Fire Incident
Occurred around 8:30 am near Nikola's Phoenix headquarters during a battery fire investigation and testing.
Second Incident This Week
No injuries reported as it was a pre-production truck located outdoors. This marks the second fire involving a Nikola truck within a week.
Monday's Lithium-Ion Cell Fire
On Monday, a lithium-ion cell battery of a Nikola semi truck caught fire at the Arizona Lithium facility in Tempe. Fire was contained, and no injuries were reported.
Minimal Damage Reported
Nikola confirmed the incident, stating it "affected one battery pack on one truck resulting in minimal damage.
Recall and Investigation
Last month, Nikola recalled all its battery-powered electric trucks in the market after a series of fires prompted an investigation.
Repair Process Initiated
Nikola has begun working with customers and dealers to bring trucks to its Arizona manufacturing facility, under the supervision of the engineering team.
The first Nikola truck Incident Occurred June 23rd
The first Nikola truck fire of the year occurred on June 23rd, affecting multiple battery electric trucks behind the company’s Phoenix headquarters.
July, one of the affected trucks reignited
The recurring fire incidents pose significant challenges for Nikola, impacting both its reputation and stock value about 15% to 88 cents
Nikola Corp. (NASDAQ: NKLA) Industry Impact and Future Outlook
Stakeholders will closely monitor the company's response and the effectiveness of implemented safety measures.
Please Like Share and Follow Us
The company's shares fell about 15% to 88 cents, and are down nearly 55%