What's Going On With Nikola Stock Friday
Portfolio Pulse from Anusuya Lahiri
Nikola Corp's stock is trading lower after a fire broke out at its Phoenix headquarters, affecting multiple battery electric trucks. The company suspects foul play and an investigation is underway. This comes amid Nikola's plans to cut 270 jobs, delivery challenges, executive turnover, and calls for leadership replacement.
June 23, 2023 | 3:57 pm
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Nikola Corp's stock is trading lower due to a fire at its Phoenix headquarters, affecting multiple electric trucks. The company faces job cuts, delivery challenges, and leadership issues.
The fire at Nikola's headquarters directly impacts the company's operations and raises concerns about security. Additionally, the company is facing job cuts, delivery challenges, and leadership issues, which negatively affect investor sentiment and stock price.
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