Key Points 🚗 Tesla wins a case in China related to a 2022 accident where an influencer accused a Model Y of causing the crash. 💰 The influencer is required to pay a fine and publicly apologize to Tesla for reputational damage. 📉 The crash involved the Model Y accelerating to around 100 miles per…
It appears that the Tesla Model 3 and Model Y are poised to receive a price increase in China later this week. Discussions about a potential price increase to the Giga Shanghai-made Model Y have been abounding as of late, especially as several Tesla salespeople referenced a price hike for the all-electric crossover in their social media…
Electric vehicle makers Rivian and Lucid have released their Q3 2023 results. The results and forecasts from Rivian and Lucid suggest that the two automakers are moving in very different directions. Investors appear to have seen the distinction, as hinted at by Rivian and Lucid’s stock on Wednesday’s pre-market. During its Q3 2023 earnings call,…
Data recently released by the China Passenger Car Association (CPCA) has revealed that Tesla China exported 43,489 vehicles in October 2023. A total of 72,115 Giga Shanghai-made vehicles were sold by Tesla China last month, as per the CPCA. Considering the number of vehicles that were exported from Giga Shanghai last month, it would appear…
Redwood Materials widened its recycling efforts recently, including stationary energy storage systems to its list. Redwood Materials has recycled plenty of batteries since it started. Recently, Redwood Materials worked with the Kaua’i Island Utility Cooperative (KIUC) on a project involving a first-generation storage energy project. KIUC wanted to decommission the storage project at the Anahola…
Key Points 🚚 Rivian initially developed its electric delivery van (EDV) exclusively for Amazon. 📈 Rivian plans to offer the commercial van to additional commercial customers in the U.S. starting next year. 🌱 The commercial vans are expected to save millions of metric tons of carbon annually. 💰 Two sizes of the commercial van will…
Key Points 🚀 SpaceX is projected to earn $15 billion in sales in 2024, marking a 60% increase from the current year. 🌐 Starlink is expected to contribute significantly to SpaceX’s sales, potentially surpassing its launch business. 💰 In 2022, Starlink generated $1.4 billion in revenue, showing a 500% increase from 2021. 🛰 Starlink is…
Key Points 💰 Lucid Motors reported Q3 revenue of $137.8 million, missing analyst revenue estimates. 🚗 The automaker delivered 1,457 units and produced 1,550 vehicles during the quarter. 📉 Lucid further reduced its 2023 production outlook from a goal of 10,000 units to 8,000-8,500. 📉 The Q3 revenue marked a 30 percent drop year over…
Key Points 🚚 Stellantis unveiled the 2025 Ram 1500 Ramcharger, featuring both battery-electric motors and a gas engine for on-the-go recharging. ⚡ The truck has 250-kW front and 238-kW rear electric drive modules, a 130-kW generator, and a 92-kWh battery, offering up to 690 miles of range. 🛢️ The gas engine turns on to charge…
Key Points 🚗 Tesla is preparing for potential accidents and collisions involving the Cybertruck and other new vehicles. 🧑💼 They are looking for a Program Manager in Collision Readiness in Fremont, California, and Austin, Texas. 📋 The Program Manager will lead the Collision Readiness department to ensure the organization is ready for new vehicle introductions.…