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WKSP Jun 2024 3.000 call
- Benzinga
EV Slowdown Might Be Undebatable But EV Innovation Is Unstoppable
At the beginning of June, Rivian Automotive Inc (NASDAQ: RIVN) announced the redesign of its its all-electric R1 pickup and SUV models. By using Nvidia Corporation (NASDAQ: NVDA) chips, Rivian improved the range, performance and computing power of its vehicles. Rivian already made history by bringing the world’s first all-electric pickup to the road, beating even the EV king, Tesla Inc (NASDAQ: TSLA) whose long-anticipated Cybertruck came to life a while after. But, the EV concept continues to e
- Benzinga
Tech Innovation To Solve EV Challenges
Tesla Inc (NASDAQ: TSLA) got the lead on the EV front as a pioneer with Elon Musk’s visionary leadership. But regulatory challenges, competition and an unfavorable macroeconomic environment made the ambitious Tesla focus on making an affordable vehicle while autonomous driving remains work in progress. Tesla aims to build its more cost-effective next-generation EV at its new factory in Mexico. Meanwhile, an Intel Corporation (NASDAQ: INTC) company just revealed its solution to an EV challenge an
- Benzinga
GM And Ford Show Electric Pickups And SUVs Refute The EV Slowdown
General Motors (NYSE: GM) CEO Mary Barra assured investors that electrification is well underway with May being GM’s best ever EV sales month, defying the slowdown even the EV king, Tesla Inc (NASDAQ: TSLA), is struggling with. The EV push is owed to ongoing growth for Cadillac Lyriq, Chevrolet Blazer EV, GMC Hummer EV and Chevrolet Silverado EV, but more will be known when GM reports its second quarter results in July. Barra also noted that GM still expects 2024 to be a record year of EV sales.
