Electric Vehicle

Nikola shares plummet after wide-scale electric truck recall

Electric truck maker Nikola shares plummeted Monday after it recalled nearly all of its battery electric semi trucks.

The company recalled 209 of its Class 8 Tre battery electric vehicles after a third-party investigation found a coolant leak likely caused a battery fire in one of its trucks.

The company said Friday it has placed a temporary hold on new BEV sales until a resolution is in place.

To read more visit – Techcrunch

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