Key Points 🏢 Rivian opened a new retail store in Denver, Colorado’s River North (RiNo) district. 🚗 The Denver store offers an interactive experience where visitors can explore Rivian’s R1T and R1S vehicles. 🎃 The opening event featured Halloween festivities and the store is over 4,500 square feet. 📈 Rivian’s sales have increased significantly in…
Key Points 🇨🇳 California Governor Gavin Newsom visited Tesla’s Gigafactory in Shanghai during his visit to China. 🚗 The Tesla Gigafactory in Shanghai is one of the world’s most productive EV plants, producing around 2,000 cars per day. 🌏 The visit aimed to explore cooperation between China and California on climate goals, with a focus…
Key Points 🚗 The UAW escalated its strike against GM, extending it to a Tennessee engine plant. 💼 Ford and Stellantis reached tentative contract agreements with the UAW, resulting in wage increases. 🏭 The strike impacts GM’s Spring Hill, Tennessee, engine plant, employing 4,000 workers. 🤝 GM has not reached an agreement with the UAW,…
Key Points 🚗 California is receiving $40.5 million in federal funding to build electric vehicle (EV) fast chargers. 🛣️ The funding will be used to create 270 EV fast chargers across 26 locations along California highways. 🌟 The initiative is part of President Biden’s Infrastructure Investment and Jobs Act (IIJA) and aims to install at…
Key Points 🚗 Tesla is the most popular electric vehicle (EV) brand for U.S. fleets. 📊 Data from S&P Global Mobility shows that almost a third of EV fleet purchases over the past 13 months were Tesla vehicles. 🚘 The Tesla Model 3 and Model Y were among the most popular EVs purchased by U.S.…
Key Points 🎫 Tesla is offering a drawing for shareholders to win tickets to the Cybertruck delivery event in Texas. 🚚 The Cybertruck delivery event will be held at Tesla’s Gigafactory in Austin, Texas on November 30. 📝 Shareholders with active shares as of September 30, 2023, can apply to attend the event. 🖼️ Applicants…
Key Points 🤝 Stellantis has reached a tentative agreement with the United Auto Workers (UAW) union. 🏭 As part of the agreement, a plant in Illinois will be reopened. 💰 Both Stellantis and Ford offer a 25% wage increase over four and a half years. 🚗 General Motors (GM) is the only remaining “Big Three”…
Key Points 🚗 Mercedes-Benz is relying on sales of its internal combustion engine (ICE) vehicles to boost earnings. ⚡ The electric vehicle (EV) sector is described as “brutal,” and EV margins are at the lower end of Mercedes-Benz’s goals. 💰 Mercedes-Benz reported Q3 earnings and plans to maintain its EV goals but seeks better returns…
Key Points 🇪🇺 Tesla is not under scrutiny in the EU electric vehicle probe investigating subsidy manipulation from vehicles imported from China to Europe. 🚗 The EU is examining whether subsidies provided to vehicles exported from China are fair, but Tesla is not part of the investigation. 🚫 Instead, BYD, SAIC Motor, and Geely will…
Key Points 🚗 Tesla is still in talks with Indonesia about potential investment. 🌎 Tesla has been expanding globally with Gigafactories in China, Germany, and Mexico. 🇮🇩 Indonesia is considered a significant potential player for a Tesla facility. 🌧 Elon Musk expressed concerns about unfavorable macroeconomic conditions and high-interest rates. 🤝 Indonesian President Joko Widodo…