Rivian, a fledgling electric vehicle manufacturer, said Thursday that it lost $1.7 billion in the second quarter and estimated that it would make just over 26,000 vehicles this year, about a thousand more than it previously forecast. The company said it was continuing to struggle to get enough components to ramp up production to higher… Continue reading Rivian Lost $1.7 Billion in the Second Quarter
Tag: Tesla
Tesla is reportedly going to build Model Y with BYD blade batteries at Gigafactory Berlin
After months of rumors that Tesla is going to use BYD’s blade batteries at Gigafactory Shanghai, there’s a surprising turn of events that suggest Tesla is actually going to use the new battery cells at Gigafactory Berlin, and it reportedly already took delivery of the first cells. In 2020, BYD, a China-based electric vehicle and… Continue reading Tesla is reportedly going to build Model Y with BYD blade batteries at Gigafactory Berlin
Tesla starts converting its energy fleet to Model Y electric SUVs
Tesla has started converting its Tesla Energy fleet to Model Y electric SUVs and Model 3 sedans, getting rid of their gas-powered vehicles. When Tesla Energy shows up at a customer’s home, it does with vans and cars powered by gasoline, which isn’t the best look for the world’s leader in electrification – but Tesla… Continue reading Tesla starts converting its energy fleet to Model Y electric SUVs
Xiaomi beats Tesla to building a working robot
Forget about that crazy-thin foldable phone from earlier. Xiaomi just beat Tesla to unveiling a working humanoid robot prototype at a live event earlier today, and yes, it looks awfully familiar. The Xiaomi CyberOne is 177cm (5.8 feet) tall, weighs 52kg (115 pounds), is nicknamed “Metal Bro” and is also somehow given a zodiac sign,… Continue reading Xiaomi beats Tesla to building a working robot
Curbee Offers $50 Off Oil Change Special For Bay Area Residents
Consumers can spend the last few weeks of summer doing what they love instead of sitting at a repair shop — First time Curbee customers save $50 on oil changes all month long SAN FRANCISCO, Aug. 11, 2022 /PRNewswire/ — Different motor oil for different seasons used to be commonplace but, thanks to advances in… Continue reading Curbee Offers $50 Off Oil Change Special For Bay Area Residents
Goodyear (GT) Q2 Earnings & Revenues Beat Estimates, Up Y/Y
Goodyear Tire GT reported second-quarter 2022 adjusted earnings per share of 46 cents, surpassing the Zacks Consensus Estimate of 43 cents. Higher-than anticipated revenues in the Americas and Asia Pacific segments and a rise in operating income in the Americas segment buoyed the results. The bottom line increased 43.7% from the year-ago figure of 32… Continue reading Goodyear (GT) Q2 Earnings & Revenues Beat Estimates, Up Y/Y
3 things to watch for on Rivian’s Q2 earnings day
Rivian, the EV startup that went public last year in one of the largest IPOs in U.S. history, has bucked the trend set by Tesla and other EV makers during the first half of the year. Tesla, the world’s largest EV maker, reported two consecutive quarters of delivery declines stemming from delays in the supply… Continue reading 3 things to watch for on Rivian’s Q2 earnings day
Orange EV raises a truckload of cash to make yard trucks less dinosaur-y
Sure, they aren’t as sexy as a Tesla, and they don’t get the press columns of long-haul trucking, but so-called yard trucks are an interesting subset of vehicles that benefit disproportionally from being electric. Orange EV just raised a truck-load of cash to electrify one of the easiest-to-electrify corners of the logistics pipelines: the trucks… Continue reading Orange EV raises a truckload of cash to make yard trucks less dinosaur-y
Direxion Launches Daily 2X Leveraged Electric and Autonomous Vehicle ETF: EVAV
EVAV Provides 200% Exposure to Electric and Autonomous Vehicles Industry NEW YORK, Aug. 11, 2022 /PRNewswire/ — Direxion, a leading provider of tradeable and thematic ETFs, today announced the launch of the Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (Ticker: EVAV). The Fund seeks to achieve 200% of the daily performance of the Indxx… Continue reading Direxion Launches Daily 2X Leveraged Electric and Autonomous Vehicle ETF: EVAV
Global Automotive Suspension Market 2022-2027: Increasing Sales of EVs to Drive Demand for Semi-Active and Active Suspension Systems
DUBLIN, Aug. 11, 2022 /PRNewswire/ — The “Global Automotive Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multilink, Twist Beam, Leaf Spring, Air Suspension), System, Actuation, Component, Vehicle (ICE, Electric, Off-Highway, ATV), Aftermarket & Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering. The automotive suspension market is expected to grow from… Continue reading Global Automotive Suspension Market 2022-2027: Increasing Sales of EVs to Drive Demand for Semi-Active and Active Suspension Systems