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
Tag: Tesla
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
Introducing The Yankee Candle YC Collection: A New Standard in Home Fragrance Inspired by Quiet Luxury for the Home
Building on Yankee Candle’s longstanding commitment to quality, the Yankee Candle YC Collection introduces a new standard in home fragrance – where expert craftsmanship, premium fragrance and refined design form an expression of modern elegance. In collaboration with world class perfumers, each fragrance blends artistry with precision to capture the spirit of modern sophistication. Inspired… Continue reading Introducing The Yankee Candle YC Collection: A New Standard in Home Fragrance Inspired by Quiet Luxury for the Home
Chipmaker STMicro’s Q4 forecast hit by weak auto sales
Lower sales to one important electrical vehicle customer weighed on the outlook, said STMicros finance chief Lorenzo Grandi during the earnings call. STMicroelectronics on Thursday forecast fourth quarter sales below market expectations, as weak automotive sales spoiled a recovery in its main markets, sending its shares lower. STM, which is one of Europe’s largest chipmakers,… Continue reading Chipmaker STMicro’s Q4 forecast hit by weak auto sales
Clean Technica: Who Will Win — GM or Tesla?004219
Support CleanTechnica’s work through a Substack subscription or on Stripe. That may seem like an absurd question to most readers. Though, some will think it’s absurd because they are sure Tesla will win, and others will think it’s absurd because they are sure GM will win. I had a different title there initially, but it… Continue reading Clean Technica: Who Will Win — GM or Tesla?004219
Clean Technica: 7 Positives from Tesla in 3rd Quarter004218
Support CleanTechnica’s work through a Substack subscription or on Stripe. Overall, to me, Tesla’s financial trends don’t look good. However, there were some clear positives in Tesla’s 3rd quarter report as well. Additionally, even though Tesla’s financial trends look bad, the company does still have $41 billion in the bank, so there is no risk… Continue reading Clean Technica: 7 Positives from Tesla in 3rd Quarter004218
Geely to launch 10 cars in UK by 2030, starting with £32k EX5
Chinese car brand Geely plans to launch 10 new electrified models in the UK by 2030, majoring on value as it eyes a share of the lucrative hatchback and crossover segments. Geely is the namesake brand of the Geely Automotive group, which includes Volvo, Lotus, Polestar and taxi maker LEVC – as well as the… Continue reading Geely to launch 10 cars in UK by 2030, starting with £32k EX5
Rivian CEO takes top marketing role in shakeup ahead of R2 launch
Rivian’s founder and CEO RJ Scaringe is taking on a new role at his company as part of a restructuring ahead of next year’s launch of the R2 SUV, which involves a layoff of more than 600 employees. Scaringe told employees in an email on Thursday that he will be acting as Rivian’s chief marketing… Continue reading Rivian CEO takes top marketing role in shakeup ahead of R2 launch