![]() ![]() ![]() 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. 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 first report of a fire was around 4:30 am MT, Phoenix Fire Department captain Todd Keller said. “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. ![]() Most countries do not observe DST though.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. In these countries time zone offsets from UTC change twice a year. Time zone offsets from UTC range from UTC-12:00 to UTC+14:00.Īlmost all countries in Europe and North America as well as many other countries observe Daylight Saving Time (DST) and put their clocks an hour forward in the spring and an hour back in the autumn. UTC corresponds to mean solar time on the Prime or Greenwich Meridian (0° longitude). One notable exception is China where Beijing time serves as the official time all over the country.Ĭoordinated Universal Time or UTC is the reference point to determine time zone offsets. Countries whose territory stretches from West to East by a significant distance, such as Russia, USA, Canada, Brazil and some others, are usually divided into a few time zones. There are also cases when adjacent time zone difference equals 30 or 45 minutes.įor most countries the entire country’s territory lies within the same time zone. Time difference between adjacent time zones normally equals one hour, though sometimes time in neighbouring time zones may differ by two or more hours. Time zone boundaries usually follow country or administrative borders. All places within the same time zone observe the same time. All of the Earth’s surface is divided into time zones. In everyday life people use official local time which almost always differs from solar time. Another consequence of this rotation is the fact that while moving by 15° from West to East local solar time increases by an hour. The Earth’s rotation on its axis leads to change between day and night. The length of a solar day is determined by the time that it takes for the Earth to complete a full rotation around its axis and equals 24 hours. ![]()
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