Key Points ⚙️ The United Auto Workers (UAW) union is negotiating with Detroit’s Big Three automakers (Ford, General Motors, and Stellantis) regarding electric vehicle production and cost reductions. 👥 The UAW aims to eliminate the two-tier wage system and increase salaries for its members. ⚡ The Detroit Three automakers seek to close the cost gap…
Key Points 🛰️ SpaceX Starlink has partnered with Optus to provide internet coverage to “100% of Australia.” 🌐 Optus already covers 98.5% of Australia’s population and aims to achieve complete coverage with the help of SpaceX’s Starlink satellite internet. 📡 The collaboration between Optus and SpaceX will begin with SMS coverage in late 2024, followed…
Key Points 🏭 Tesla’s Giga Berlin is planning to launch Phase 2 to reach an annual production capacity of 1 million vehicles. ⚡ Giga Berlin has faced opposition and challenges during its buildout process, with concerns raised by environmentalists and local residents. 📝 The public consultation stage for Phase 2 has begun, allowing individuals to…
Key Points 🚗 Tesla’s Giga Shanghai has achieved a significant milestone by building its 1 millionth Model Y crossover. 🏭 Giga Shanghai, which opened in 2019, initially produced only the Model 3 sedan and later expanded to include the Model Y crossover in the Phase 2 area. 🌍 Model Y production began in early 2021,…
Key Points 🚇 The Boring Company’s next Vegas Loop station, called Encore station, is set to start operations in early 2024. 🏨 The Wynn Las Vegas Resort is expecting the Encore station to be operational and believes it will provide guests with an eco-friendly underground transportation alternative. 🏗️ The tunnel boring machine Prufrock-2 achieved a…
Key Points 😞 Lucid Group reported fewer car deliveries and flat production in Q2 2023, leading to a stock drop of 11%. 🚗 In Q2, Lucid delivered 1,404 cars, missing analysts’ expectations of around 2,000 cars by roughly 30%. 🏭 Production decreased by 6% in Q2, with Lucid building only 2,173 cars compared to 2,314…
Key Points 💡 Elon Musk’s newest startup, xAI, has launched with a focus on understanding the true nature of the universe. 💡 The team at xAI consists of industry experts from OpenAI, DeepMind, Google Research, Tesla, and others. 💡 xAI is not to be confused with Musk’s similarly-named entity, X Corp, but they plan to…
Key Points 📷 The leaked image suggests that Gigafactory Texas is close to initial production of the Tesla Cybertruck. 🚚 The completed body-in-whites of the Cybertruck in the image show classic Tesla flourishes and the use of megacasts. 🔄 The leaked image indicates that the Cybertruck does not feature the anticipated “exoskeleton” design but still…
Key Points 💰 Tesla’s price cuts have benefited the automaker by attracting new customers and increasing sales. 📉 Autonomy, a company that rents out Teslas on a subscription basis, suffered greatly from the price cuts. 💼 Autonomy’s fleet value significantly diminished due to the price cuts, leading to financial vulnerability. 💵 Autonomy went through a…
Key Points 💰 Tesla has reached a $6 million settlement in a class-action lawsuit brought by customers of its Solar Roof tiles. 🏢 The Solar Roof was introduced in 2016 as an aesthetically pleasing roofing solution that generates energy. 💲 Solar Roof customers experienced unexpected price increases in 2021, leading to over 6,300 contract cancellations.…