Rivian (NASDAQ: RIVN) missed Wall Street consensus estimates after reporting a loss of $2.43 per share and revenue of $54 million. Wall Street expected Rivian to lose $1.64 per share and was expecting a consensus estimate of $61.18 million. The company also was expected to announce a 2022 delivery goal of 40,000 units but suggested guidance…
Tesla has had a permit for a new Service Center from the East Hartford, Connecticut Planning and Zoning Commission revoked after a local dealership voiced concern regarding direct-to-consumer sales laws. The East Hartford PZC voted to approve the Tesla Service Center, which would be located at 300 Connecticut Boulevard, last April. However, the decision was…
Tesla will defend itself in a lawsuit in Federal Court against an ex-employee and former Oregon State football player who says he was fired from the company after appearing in a Super Bowl ad for Audi. The former Tesla employee, Naymon Frank, alleges he was racially discriminated against and fired from a store management position…
Tesla is reportedly seeing increased order rates in the United States this week after soaring gas prices have helped some drivers transition to electric vehicles to avoid paying astronomical amounts at the pump. A new report from Electrek says sources familiar with Tesla’s order rate have seen surges “in several parts of the U.S. this week.” The…
Rivian (NASDAQ: RIVN) will report its earnings results for the fourth quarter and full year 2021 today after the market closes. Here’s what to look for. According to Bloomberg data, Wall Street consensus estimations expect an adjusted loss per share of -$2.05, along with a revenue of $63.99 million. After producing 1,015 vehicles and delivering 920 in…
Ukraine Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov recently confirmed that a second truckload of Starlink terminals has arrived in Ukraine. The shipment was confirmed by SpaceX CEO Elon Musk, who noted that SpaceX also sent power adapters for car cigarette lighters, solar and battery packs, and generators for the satellite internet…
SpaceX has reflown a converted Falcon Heavy side booster just 37 days after its first mission as a Falcon 9 rocket, successfully delivering a batch of Starlink satellites to low Earth orbit (LEO) in the process. Booster B1052 first flew in April 2019 as part of Falcon Heavy Block 5’s launch debut. The same side…
Tesla has started sending out invites for a Model Y delivery event at Gigafactory Berlin on March 22, 2022. The event will begin at 3 p.m. local time. With Tesla securing its final environmental approval last week, all eyes are now on the company and how quickly it could meet the more than 400 ancillary provisions that…
The long range variants of the Tesla Model 3 sedan and Model Y crossover have received a $1,000 price adjustment in the United States. In China, select variants of the Model 3 and Model Y also received a price increase of RMB 10,000 (about $1,500). With the latest round of price adjustments, the cost of…
On March 9, 2022, Volkswagen unveiled its all-electric van, the ID. Buzz in Hamburg, Germany. The ID. Buzz comes in two variants, the microbus and cargo van. “Both versions of the ID. Buzz are pioneering in terms of their sustainability: their manufacture and shipping has a carbon-neutral footprint. We are also using recycled synthetic materials…