💰 RBC Capital values Tesla’s progress in autonomy (FSD) more than its car business. 📈 RBC Capital sees Tesla’s one-month free FSD trial as potentially boosting Q2 2024 performance. 🏎️ Tesla’s Q1 2024 deliveries saw an 8.5% year-over-year decline. 🌍 Factors affecting Tesla’s Q1 deliveries include factory shutdowns and shipping issues. 🚗 RBC Capital predicts…
🚗 Future releases of Tesla’s Autopark feature will park cars even faster. ⏩ The first iteration of the updated Autopark software was tuned conservatively, according to Tesla Autopilot Director Ashok Elluswamy. 🔄 Tesla has transitioned its Full Self-Driving (FSD) system from “beta” to “FSD (Supervised)” and is rolling out FSD v12 to customers and employees.…
🏆 Rivian’s R1T electric pickup earns top safety score from IIHS 📈 Boosts truck’s status to Top Safety Pick+ in large pickup category 🛡️ “Good” score in updated moderate overlap front test secures plus status 🚗 Other large pickups, like the 2024 Toyota Tundra, receive base-level Top Safety Pick ⚡ Other EVs, including 2024 Tesla…
💡 Fatal traffic incidents in the U.S. dropped by 3.6% in 2023. 📉 The number of fatalities decreased to around 40,990 from 42,514 in 2022 and 43,230 in 2021. 🛣️ Despite the decrease, fatalities haven’t returned to pre-pandemic levels. 📈 Total miles driven in 2023 surpassed pre-pandemic levels, resulting in a lower fatality rate compared…
💼 Canoo responded to media reports regarding its Q4 and 2023 financial results, particularly addressing concerns about its 2024 revenue forecast. 💰 Canoo reported a GAAP net loss and comprehensive loss for Q4 2023 and the full year, which were lower compared to the same periods in 2022. 📉 The company’s 2024 revenue forecast of…
🚗 Tesla outsold BYD in Q1, regaining the title of the world’s largest EV seller. 🔢 Tesla delivered 386,810 vehicles in Q1, while BYD delivered approximately 300,114 BEVs. 📉 Tesla’s deliveries marked an 8.5% decline year over year, while BYD fell 43% from its record quarterly high in Q4. 🌍 China remains a crucial market…
💼 Rivian beat Q1 2024 estimates by delivering 13,588 vehicles. 🏭 Rivian produced 13,980 vehicles in Q1 2024, surpassing Wall Street’s expectations. 📈 Rivian’s Q1 2024 production and delivery results exceeded both company and analyst forecasts. 📉 Despite strong Q1 performance, Rivian’s stock experienced a 6.23% drop in Tuesday’s premarket. 📅 Rivian will release its…
📉 Tesla’s Q1 2024 deliveries declined by 8.5% year-over-year. 🔧 Production of over 433,000 vehicles with approximately 387,000 deliveries in Q1 2024. 📊 Tesla’s Q1 2024 production and delivery numbers fell below Wall Street’s estimates. 🏭 Reasons for production decline include Model 3’s updated production ramp and factory shutdowns at Giga Berlin due to shipping…
💼 The Xiaomi SU7 faces significant challenges in production and delivery despite record pre-orders. 📦 Pre-order holders of the Xiaomi SU7, particularly for the Max trim, are facing estimated delivery times of 27 weeks or approximately six to seven months. 🕰️ Waiting periods for new electric vehicles, like the Xiaomi SU7, are relatively shorter in…
📈 Tesla China sold 89,064 Giga Shanghai-made vehicles in March 2024, marking a 47.5% increase from February 2024. 🧧 February’s sales were affected by the Chinese New Year, causing a decline for several EV makers including Tesla, BYD, Nio, and Xpeng. 📉 In February 2024, Tesla China experienced an 18.87% year-over-year decrease and a 15.51%…