EV truck maker Nikola suspects foul play in headquarters fireplace
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Nikola Corp stated Friday it suspected “foul play” in a fireplace outdoors of its Phoenix headquarters that affected a few of its battery electrical vans.
The hearth, which Nikola tweeted about and has since confirmed with TechCrunch, began early this morning behind its headquarters. A automobile was seen within the space of the affected vans simply previous to the incident and an investigation is underway.
“Our crew applauds the Phoenix and Tempe Fireplace Departments for taking fast motion and staying on prime of the state of affairs,” the corporate tweeted. “We are going to launch further info because it turns into accessible.”
The corporate didn’t present particulars about precisely what number of automobiles have been affected, solely noting that it concerned “a number of” vans.
Shares have been down about 8% to $1.27.
The hearth occurred per week after the beleaguered EV truck firm introduced it was shedding 270 staff, or about 23% of its workforce, and limiting its electrical truck efforts to North America because it seeks to protect money. About 150 employees who have been supporting the corporate’s European applications have been reduce. One other 120 staff primarily based on the firm’s Phoenix and Coolidge, Arizona, websites additionally misplaced their jobs. About 900 staff stay.
Nikola stated the cuts are anticipated to lower personnel-related money spend by greater than $50 million yearly. Because of the cuts, the corporate’s annual money spend is anticipated to lower to beneath $400 million by 2024.
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