The joint venture between Rivian and Volkswagen could someday supply EV tech to other automakers. Developing the software that is a critical component of modern autos has proven to be a struggle for legacy automakers, including VW, but comes more naturally to an internet-era startup such as Rivian. Volkswagen plans to invest $5.8 billion in… Read more »
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GM releases a little more info about its electric Hummer pickup
Love it or hate it, the electric Hummer is coming. GM recently released some more information about the battery-powered behemoth, including photos of the prototype vehicle being assembled, along with its battery pack. The Hummer EV will use GM’s new Ultium modular battery architecture, which is to be manufactured in a joint venture with Korean… Read more »
Tesla cuts prices on most models—bad news or good news?
Tesla has slashed prices for most of its lineup. Model 3 got a $2,000 price cut across all powertrain options, bringing the base price of the Standard Range Plus down to $37,990. There’s no word yet on whether the price of the “off-menu” $35,000 version has been cut. The price of the Chinese-made Model 3,… Read more »
Volkswagen CEO: electrification won’t hurt profit margins
Volkswagen, which has unveiled the most ambitious electrification plans of any of the legacy automakers, does not believe the transition to EVs will hurt its profit margins, CEO Herbert Diess said in an interview with la Repubblica (via Reuters). “We do not expect a deterioration in margins. Our advantage is that all our brands have… Read more »
Tesla’s triumph overshadowed by Musk’s melodrama
By this time, Tesla should have been firmly on a slow but steady upward trajectory. After the last earnings report, it felt as if a corner had been turned. Tesla says (and Evercore ISI analyst George Galliers has corroborated) that it should have no problem sustaining a production rate of 5,000 vehicles per week, and… Read more »
Wall Street comfortably digests Tesla’s Q2 results
Tesla isn’t like other companies, and you can never tell how Wall Street will react to a particular quarterly earnings report. Like gourmands digesting a culinary oeuvre, those of us who aspire to be seen as wise have learned to wait a day or so to let things settle before passing judgement (or making stock… Read more »
