Tesla is going to use the loophole of operating on tribal land to finally operate in Connecticut, a state that has been aggressively blocking Tesla from operating sales, delivery, and service centers for years. There are a few states in the US that have laws prohibiting direct sales of electric vehicles to the public without… Continue reading Tesla to use tribal land loophole to finally operate in Connecticut
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Tesla appears to have shut down Fremont factory for upgrades
Tesla appears to have shut down Fremont factory as very little activity has been spotted at the gigantic factory. CEO Elon Musk had warned that Tesla would have factory shutdowns in Q3 for upgrades. During Tesla’s Q2 earnings report, Musk said that Tesla is expecting production to be lower in Q3 due to factory shutdowns:… Continue reading Tesla appears to have shut down Fremont factory for upgrades
Tesla under investigation by California attorney general over Autopilot safety, marketing
Elon Musk, Tesla boss, runs to a Tesla at the Tesla Gigafactory construction site. In Grünheide near Berlin, a maximum of 500,000 vehicles per year are to roll off the assembly line starting in July 2021. Julian Stahle | picture alliance | Getty Images The California attorney general’s office is investigating Tesla, seeking information from… Continue reading Tesla under investigation by California attorney general over Autopilot safety, marketing
New, used EV prices have dropped, but don’t rush to buy: ‘It’s not a consumer-friendly market,’ analyst says
Sean Gallup | Getty Images News | Getty Images Prices for both used and new electric vehicles have dropped substantially from a year ago. But don’t rush to buy: Costs are still relatively high. “It’s not a consumer-friendly market right now,” said Joseph Yoon, a consumer insight analyst for car shopping guide Edmunds. related investing news… Continue reading New, used EV prices have dropped, but don’t rush to buy: ‘It’s not a consumer-friendly market,’ analyst says
Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
Scott Mlyn | CNBC Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros ($108.8 billion) and a net profit of 10.9… Continue reading Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
NVIDIA H100 GPUs Now Available on AWS Cloud
AWS users can now access the leading performance demonstrated in industry benchmarks of AI training and inference. The cloud giant officially switched on a new Amazon EC2 P5 instance powered by NVIDIA H100 Tensor Core GPUs. The service lets users scale generative AI, high performance computing (HPC) and other applications with a click from a… Continue reading NVIDIA H100 GPUs Now Available on AWS Cloud
GM, Stellantis, 5 other automakers partner to beat Tesla with DC charging network
General Motors Co. and Stellantis NV are joining five other automakers to create a joint venture focused on beating Tesla Inc. as the leading high-powered electric-vehicle charging network in North America. The collaboration that also includes BMW AG, Honda Motor Co. Ltd., Hyundai Motor Co., Kia Corp. and the Mercedes-Benz Group seeks to install at… Continue reading GM, Stellantis, 5 other automakers partner to beat Tesla with DC charging network
Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up
New York – The Federal Reserve’s decision Wednesday to raise its benchmark rate for the 11th time, by a quarter-point, could once again send ripple effects across the economy. Mortgage rates, which have surged since the Fed began lifting rates in March 2022, may now rise further. So could rates on credit cards and some… Continue reading Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up
Stellantis posts record $12.1B net profit in first half of 2023
The maker of Chrysler, Dodge, Jeep and Ram vehicles early Wednesday reported record financial results for the first half of 2023, boosted by improved shipments of microchip deliveries compared to 2022. Stellantis NV reported a record $12.1 billion (10.9 billion euro) net profit, up 37% year-over-year for the first six months, on a best-ever $109… Continue reading Stellantis posts record $12.1B net profit in first half of 2023
Doubling down on Waymo One
At Waymo, we’re developing a generalizable, fully autonomous Driver – the Waymo Driver – designed to integrate with a variety of vehicle platforms and commercial applications including ride-hailing, trucking, local delivery, and personal car ownership. Given the tremendous momentum and substantial commercial opportunity we’re seeing on the ride-hailing front, we’ve made the decision to focus… Continue reading Doubling down on Waymo One