Author: john@provenroi.com
The maritime imports of new cars to the United States have seen a significant decline over the past year. In May alone, only about 3,600 cars were imported to the States, marking a steep drop of more than 72% compared to the previous year. This sharp decrease in imports can be attributed to automakers holding off on importing vehicles, possibly in an attempt to avoid paying potential tariffs imposed by President Donald Trump. President Trump’s “bipolar tariff regime” has had a notable impact on the automotive industry. Many automakers have pledged to keep prices stable for as long as possible…
Cathie Wood, the founder of Ark Invest, recently revealed that Tesla is her top stock pick. In a podcast with Steven Bartlett titled “The Diary Of A CEO,” Wood emphasized Tesla’s innovative edge, highlighting its convergence of robotics, energy storage, and AI. Wood pointed out that Tesla’s incorporation of robots, energy storage, and AI presents a significant opportunity for the company. She specifically mentioned Tesla’s Optimus robots and their potential impact on the company’s future growth. Ark Invest issued a $2,600 price target for Tesla in June 2024, a projection that Wood reiterated in a recent Bloomberg interview. She believes…
Regulatory credits have been a hot topic in the world of Tesla for quite some time now. These credits are essentially a way for car companies to meet electric-vehicle quotas imposed by governments around the world in order to achieve zero-emission goals. If a car company does not meet these quotas, they could face financial penalties. However, they also have the option to buy credits from a manufacturer that produces more EVs than they do. Tesla has been a major beneficiary of this system for many years, bringing in billions of dollars annually and offsetting declining profits as vehicle sales…
Range Rover is set to revolutionize the Velar for its upcoming generation, which is anticipated to be unveiled next spring. This transformation involves a shift from traditional combustion power to electric propulsion, as well as a change in body style from an SUV to a sleek fastback design. The aim is to compete with vehicles like the Porsche Macan EV and Taycan Cross Turismo in the market. According to reports from Autocar, the new electric Velar will draw inspiration from the canceled “Road Rover” project, focusing on a more road-oriented driving experience. Despite its SUV roots, the new Velar EV…
Voltpost, a startup based in New York, has successfully launched Michigan’s first lamppost charger for electric vehicles. This innovative solution involves retrofitting existing street light poles with modular EV chargers, eliminating the need for costly infrastructure upgrades or bulky hardware. The first publicly available lamppost charger in Michigan can be found at the American Center for Mobility’s campus in Ypsilanti Township. This marks a significant milestone for Voltpost, as it paves the way for more installations in strategic locations across Detroit later this year. The company also recently unveiled its first lamppost charger in Oak Park, Illinois. Voltpost’s CEO and…
BYD, the rapidly growing automaker, has taken a drastic step by suing 37 influencers in China for making defamatory comments about the company. This move highlights the tense relationship that can sometimes exist between automakers and content creators who feature their vehicles. While requests to change or remove content are more common, legal action is rare in the industry. The Chinese manufacturer has also put 126 content creators on an internal watch list, signaling that they may face similar legal action in the future if they make damaging comments about BYD. The company has set up a “News Anti-Fraud Office”…
The collaboration between Rivian and Volkswagen has taken an exciting new turn, with Rivian’s R2 platform set to become the foundation for all future Volkswagen-branded electric vehicles. This partnership, valued at $5 billion, will not only provide Volkswagen access to a shared software platform but also ensure that all upcoming EVs from the German automaker will run on the same technology stack that powers the Rivian R2 SUV. Chief Software Officer at Rivian, Wassym Bensaid, revealed in an interview with Yahoo Finance that the R2 platform will underpin all future EV products at Volkswagen. This modular and scalable technology stack…
The Toyota C-HR is making a comeback, but this time it’s not the awkward and boring crossover that we remember. Toyota has brought back the nameplate as an all-electric model, following the discontinuation of the gas version in 2022. The new C-HR has been redesigned to offer a more appealing and sporty look, and I recently had the opportunity to check it out at Toyota’s U.S. headquarters in Plano, Texas. The previous generation of the Toyota C-HR didn’t perform well in the American market, with sales dropping significantly in its last year on sale. However, the new all-electric C-HR is…
Tesla is currently offering 0% APR financing on the Cybertruck, a move that comes amidst slipping global sales and marks the first significant end-of-quarter incentive for the model. Despite a large number of total reservations, sales of the Tesla Cybertruck have been weaker than expected. As the quarter comes to a close, Tesla is ramping up efforts to move Cybertrucks off the lot by offering 0% financing, but with a catch. In order to qualify for this offer, buyers must also opt for the Full Self-Driving (FSD) package, priced at $8,000. While this may seem like an added cost, the…
Tesla’s Cabin Overheat Protection: A Guide to Using This Feature Your Tesla comes equipped with a range of features designed to enhance your comfort and safety, and one such feature is Cabin Overheat Protection (COP). While your car’s materials and equipment are built to withstand high temperatures, COP is specifically designed to prevent the interior from becoming excessively hot when parked. But what exactly does Cabin Overheat Protection do, how does it work, and when should you use it? Let’s explore further. Understanding Cabin Overheat Protection Cabin Overheat Protection is a climate control feature that automatically activates after you’ve left…