Car executives once saw Tesla as their industry’s biggest disrupter. But now, at least one former automotive CEO says the company may pull out of the car business, and could even cease to exist within 10 years. Carlos Tavares, who resigned from the top job at Jeep manufacturer Stellantis late last year, said Elon Musk’s… Continue reading Ex–Stellantis CEO says Tesla could exit the car industry and may not exist in 10 years: ‘Tesla’s stock market value loss will be colossal’
Tag: Tesla
Clean Technica: AI Bubbles & Robot Armies004222
Support CleanTechnica’s work through a Substack subscription or on Stripe. It seems that AI and robots are all the rage these days. The future is all about AI and robots. I keep getting fed stories about these, some extremely optimistic, some extremely pessimistic. The following are a few big stories and comments from recent weeks.… Continue reading Clean Technica: AI Bubbles & Robot Armies004222
Clean Technica: “We Don’t Need No Stinking New Models!” —Tesla004221
Support CleanTechnica’s work through a Substack subscription or on Stripe. Riffing on a unique story or two by Zachary Shahan yesterday, Reuters this morning has a report with this cheery headline: “Tesla gambles that introducing new models no longer matters.” CleanTechnica readers, being unusually astute, are well aware that Tesla has not introduced a new… Continue reading Clean Technica: “We Don’t Need No Stinking New Models!” —Tesla004221
Clean Technica: Shocking Differences Between Tesla & 20 Top Automakers — Market Cap vs. Revenue & EBIT004220
Support CleanTechnica’s work through a Substack subscription or on Stripe. I ran across some shocking comparisons tonight. Apparently, someone shared the other day that Tesla’s market cap is higher than the combined market caps of the next 20 automakers. We’ve written about this kind of thing in the past, but it has been a while… Continue reading Clean Technica: Shocking Differences Between Tesla & 20 Top Automakers — Market Cap vs. Revenue & EBIT004220
Published in The Lancet: Nipocalimab significantly decreased Sjögren’s disease (SjD) activity and severity through substantial reduction in Sjögren’s-related autoantibodies
Nipocalimab, a first-in-class FcRn blocker being investigated for SjD, met its primary endpoint in the Phase 2 DAHLIAS study with statistically significant improvement in ClinESSDAI score , which is based on 11 key systemic disease domains, at Week 24 versus placebo Critical patient-reported SjD symptoms including dryness, pain and fatigue trended towards greater improvement in the… Continue reading Published in The Lancet: Nipocalimab significantly decreased Sjögren’s disease (SjD) activity and severity through substantial reduction in Sjögren’s-related autoantibodies
Tesla Cybertruck owners thought they were victim of vandals, turned out to be a defect
Some Tesla Cybertruck owners thought they were victims of vandalism, but it turned out that it was just a factory defect. Earlier this year, amid Elon Musk’s controversial involvement in politics, there was a noticeable surge in vandalism against Tesla vehicles, particularly Cybertrucks. Therefore, it’s not too surprising to see some owners worried that they… Continue reading Tesla Cybertruck owners thought they were victim of vandals, turned out to be a defect
Two former Tesla self-driving leaders are telling a different story than Elon Musk
In the last week, two former Tesla self-driving/Autopilot program leaders have commented on the state of autonomous driving, telling a very different story than their former boss, Elon Musk. Elon Musk has been notoriously wrong about predicting when Tesla would solve self-driving. The CEO first announced that “all Tesla vehicles produced since 2016 have all… Continue reading Two former Tesla self-driving leaders are telling a different story than Elon Musk
Rivian Automotive to cut over 600 jobs as EV demand flags after tax credits expire
Rivian to cut 4.5% of workforce, over 600 jobs, as EV sales face slowdown after expiry of $7,500 US federal tax credit. Rivian Automotive is laying off 4.5 per cent of its workforce, or over 600 employees, an internal email showed on Thursday, as the electric-vehicle maker contends with weakening demand following the expiry of… Continue reading Rivian Automotive to cut over 600 jobs as EV demand flags after tax credits expire
Rivian will pay $250M to settle lawsuit over R1 price hike
Rivian has agreed to pay $250 million to settle a class-action shareholder lawsuit filed after the company suddenly hiked prices on its R1 pickup truck and SUV in 2022. The lawsuit alleged Rivian had included misleading statements and figures in regulatory filings in the run-up to its 2021 IPO about the costs required to build… Continue reading Rivian will pay $250M to settle lawsuit over R1 price hike
Musk’s rollercoaster year: From boycotts and plunging earnings to a potential trillion-dollar payday
Elon Musk If someone left a government job with a black eye, literally, ran a company with shrinking profits, and suddenly had federal investigators crawling over their business, you might say they’re having a bad year. But most people are not Elon Musk. The world’s richest man has only gotten richer this year and shareholders… Continue reading Musk’s rollercoaster year: From boycotts and plunging earnings to a potential trillion-dollar payday