Rivian (NASDAQ: RIVN) is expected to layoff six percent of its workforce following pressure from EV rivals, which have cut prices significantly already in 2023, putting pressure on electric vehicle makers attempting to reach profitability. According to an internal memo seen by Reuters, Rivian is axing six percent of its employees in an effort to save…
An upcoming EV chip manufacturing plant in Germany is poised to finally tackle the chip shortage that has ravaged automakers worldwide. If one thing has become eminently clear over the past three years, it is the fact that the supply chains that bring us everything from cars to surgical masks are incredibly delicate and, further,…
Tesla owners are indicating that the YouTube application in their vehicles is strangely locked at a low resolution after a recently rolled-out software update. As early as Monday, January 30, Tesla owners began reporting that the YouTube videos they attempted to watch in their cars were no longer upgrading to higher video resolutions. Over the…
Tesla’s price cuts in China dropped sales of competing domestic electric vehicle makers Nio, Li Auto, and Xpeng by as much as 60 percent in January. Nio, Li Auto, and Xpeng all showed significant drops in both monthly and year-over-year sales comparisons in January after Tesla stroked demand by dropping prices by as much as 13.5…
Indonesian President Joko “Jokowi” Widodo believes that Indonesia has a serious chance at securing a deal with American electric vehicle maker Tesla for a potential production facility in the country. Indonesia has offered the EV maker a number of incentives, including tax incentives and permission to mine nickel. Indonesia has been working hard to attract…
It appears that Tesla China will be unleashing the might of Gigafactory Shanghai, its largest and most efficient vehicle production plant by volume, for the next two months. Giga Shanghai is reportedly looking to raise its weekly output to nearly 20,000 vehicles for February and March, allowing Tesla China to address the rising demand for…
It does appear that Tesla is steadily making progress in the development and upcoming production of the Cybertruck. This was hinted at by CEO Elon Musk, who noted that he recently reviewed the all-electric pickup truck’s production beta. Musk’s recent comment about the Cybertruck came as a response to a post on Twitter from a…
Despite a painful 2022, Tesla stock (NASDAQ:TSLA) saw a strong rebound this January. Tesla’s recovery has been so strong that the electric vehicle maker became one of the best-performing stocks in the S&P 500 index for the month. After its 65% drop last year, TSLA stock completed January 2023 with a 41% gain, its best…
Twitter has taken further steps towards allowing payments on its platform. The company is reportedly seeking regulatory licenses across the United States and is working on developing the necessary software for the feature. The rollout of the platform’s upcoming payments system is reportedly being led by Twitter Director of Product Management Esther Crawford. She is…
Automotive expert and teardown legend Sandy Munro will discuss Tesla’s advantages, the company’s build quality, and recent pricing changes this Thursday. Tesla Owners Club of Silicon Valley President John Stringer will meet with Tear Down Titan Munro to discuss Tesla’s advantage, price margins, and build quality. https://twitter.com/teslaownersSV/status/1620468284373213184?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1620468284373213184%7Ctwgr%5E2f6eb5e8b843aa75c94a3ba16e9572c43e071544%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.teslarati.com%2Ftesla-pricing-build-quality-interview-sandy-munro%2F Stringer and Munro have collaborated in the past,…