💼 Polestar is cutting approximately 15% of its global workforce to reduce costs and increase product profitability. 🌐 The Volvo-owned electric vehicle (EV) maker is making these workforce adjustments due to challenging market conditions. 📉 Around 450 positions worldwide are expected to be eliminated as part of the cost-cutting measures. 📅 The decision aligns with…
🚗 Tesla Model 3 Long Range delivery estimates have been delayed to March-April 2024. 📉 This delay follows a previous adjustment to delivery timelines for the new Model 3 to February through March. 💵 Despite the delay, the base-level RWD trim still shows a delivery timeline of February through March. 💼 The Long Range variant…
🚫 Elon Musk denies reports of xAI raising capital, refuting recent claims. 💰 Reports suggested xAI seeking a $6 billion investment, but Musk denies any talks. 📰 Financial Times reported talks with Hong Kong investors, promptly denied by Musk. 📉 Musk previously denied Bloomberg’s claim of xAI gaining $500 million for a $1 billion investment.…
🚗 Tesla is investing $500 million in building a Dojo supercomputer at its New York Gigafactory. 💡 The announcement was made during a state budget briefing by New York Governor Kathy Hochul. 💰 The project includes a $500 million investment and coincides with the construction of an AI supercomputer at the State University of New…
🔄 Tesla reported weak earnings, leading to a 12% stock drop after a criticized conference call. 🔍 Analyst Dan Ives suggests 10 turnaround ideas for Tesla’s stock recovery. 💰 One idea is a $10 billion share buyback to instill investor confidence. 🧠 Proposes creating an “X Holding” structure for AI initiatives, giving Elon Musk more…
🚗 Tesla confirms a new Model 3 Performance configuration is in the works. 📅 Timing and specific changes for the new configuration are yet to be disclosed. 🔄 Earlier in 2024, Tesla removed the Performance option, which qualified for the EV Tax Credit. 🌎 With the global rollout of the new Model 3 ‘Highland,’ currently,…
💻 Tesla’s Infotainment System hacked at Pwn2Own 2024 Event in Tokyo, marking the second system infiltration this week. 🕵️♂️ Synacktiv, a known group in previous Tesla hacks, successfully infiltrated the Infotainment System using a 2-bug chain. 🏆 Synacktiv earned $100,000 and 10 Master of Pwn points for the hack, leading in the overall event. 🔒…
🏎️ NASCAR is set to reveal its first-ever EV racecar at the opening event of the 2024 season in February at the L.A. Coliseum. 🏁 The EV prototype, undergoing testing, will be showcased at the Clash, the traditional kickoff event for the NASCAR season. 🔧 While NASCAR has a history of modifying stock cars for…
🔄 LG Energy Solution (LGES) is making an equity investment in Sion Power, a U.S. lithium metal battery startup. 🔋 Sion Power holds core lithium metal battery tech patents, utilizing lithium metal anodes for higher energy efficiency than current lithium-ion batteries. 🏭 LGES is constructing a battery facility in Arizona, where Sion Power’s headquarters is…
🚗 A high-profile pedestrian accident involving Cruise’s robotaxi in October prompted an independent review with intriguing findings. 🎥 Cruise’s efforts to share a video of the accident with regulators were allegedly hindered by bad internet connectivity. 📑 The Quinn Emanuel Urquhart & Sullivan law firm, hired by Cruise, outlined the conclusions in a report. 🤖…