Author: john@provenroi.com
Tesla Receives Upgraded Rating from Wall Street Firm Cantor Fitzgerald Tesla (NASDAQ: TSLA) recently received an upgraded rating on its shares from Wall Street firm Cantor Fitzgerald. The firm took a trip to Austin to visit Tesla’s data centers and production lines ahead of several high-profile product launches scheduled for this year. Despite facing pressure and negative news, Tesla remains a favorite among Wall Street bulls due to its strong presence in automotive, energy, and AI/Robotics industries. Cantor Fitzgerald analyst Andres Sheppard, in a recent note, highlighted the potential and runway for Tesla in 2025 based on the visit to…
SK On to Supply Batteries to Nissan for U.S.-Made Electric Vehicles SK On has entered into an agreement with Nissan to supply batteries for U.S.-made electric vehicles, as announced in a joint press release. The partnership will see SK On providing nearly 100 gigawatt-hours of batteries to Nissan from 2028 to 2033. These batteries will be integrated into electric vehicles manufactured at Nissan’s Canton, Mississippi, assembly plant, with plans to produce at least four EV models under both the main brand and the Infiniti luxury brand. The collaboration is expected to create 1,700 U.S. jobs at SK On, with a…
The electric vehicle (EV) market in the United States continues to thrive despite challenges such as potential policy changes and global market shifts. In February, EV sales reached a new record high, with a total of 95,692 units sold. While this marked a slight decrease from the previous month, the market share for battery-powered vehicles still remained strong at 7.7%. Some of the standout performers in the EV market included BMW and Rivian, both of which saw significant sales growth. BMW’s EV sales increased by 21%, while Rivian experienced a remarkable 34% growth month-over-month. The top-selling EVs in February were…
Tesla has recently issued another recall for over 46,000 of its Cybertrucks due to a potential safety hazard. The company announced that the stainless steel cant rail trim on the Cybertruck may detach while driving, posing a risk to other motorists on the road. The cant rail trim is a structural component of the roof that connects the pillars to the rest of the car’s frame. Tesla’s recall report explained that the stainless steel panel of the cant rail trim could separate from the vehicle due to delamination at the adhesive joint. This issue was previously identified, leading to a…
Tesla recalls all Cybertrucks for trim panel issue ​Tesla has announced a recall affecting 46,096 Cybertrucks due to a safety concern involving the potential for an exterior trim panel falling off the vehicle while driving. This National Highway Traffic Safety Administration (NHTSA) recall is a precautionary measure to ensure the safety of all Cybertruck owners. The recall affects all Cybertrucks manufactured within a specific timeframe. Owners of affected vehicles will be notified by Tesla and instructed on how to schedule a service appointment to have the trim panel securely reattached. Elon Musk, CEO of Tesla, stated, “Safety is our top…
Tesla has been diligently working on developing its dry cathode technology for several years, facing various challenges along the way. However, recent reports suggest that these efforts are finally coming to fruition as the highly anticipated Cybertruck equipped with dry cathodes is set to debut in just a few months. 2023 saw the launch of the Cybertruck with a starting price of $100,000, a significant deviation from CEO Elon Musk’s initial target of $40,000. Since then, prices have decreased by approximately $20,000 for the AWD and Cyberbeast trims, with the former also qualifying for a federal tax credit. Now, Tesla…
Mazda Unveils Updated Electrification Plans Mazda on Tuesday unveiled yet another update to its electrification plans—culminating in what appears to be a more independent approach than the automaker has taken thus far. The 2025 Mazda CX-50 hybrid uses a Toyota-sourced hybrid system, and the EZ-6 electric sedan was developed in partnership with China’s Changan Automobile. But such partnerships may be limited in the future, Mazda CEO Masahiro Moro and other executives indicated in a presentation held Tuesday in Tokyo. Mazda is moving ahead with plans, first discussed last November, to launch an in-house developed hybrid system in the CX-5 crossover,…
An all-new MG4 EV has been revealed in China, just two years after the current model was introduced. The new MG4 is larger than its predecessor and showcases a completely different design aesthetic inspired by the Cyberster. It is uncertain whether this model will be exclusive to China or if it will replace the current MG4 in the European market as well. China’s SAIC has been quick to capitalize on the MG brand, which it acquired after taking over the Nanjing Group in 2007. The MG6 was the first new vehicle launched in 2009, but it wasn’t until the arrival…
In 2027, Volkswagen will introduce the ID.Every1 concept featuring Rivian zonal architecture The ID Golf, based on modular SSP EVs, is set to debut in 2028 Priced around 20,000 euros, the ID.1 will be VW’s most affordable EV Volkswagen’s Scout Motors is gearing up to launch electric trucks in 2027, utilizing Rivian’s zonal electrical architecture. Alongside this, VW will also unveil the ID.1, a more budget-friendly option featuring the same zonal architecture. This compact EV, inspired by the ID.Every1 concept, will not be available in the U.S. but promises to set new standards for pricing and technology within the Volkswagen…
Canada is excluding Tesla products from some of its incentive programs, and the automaker was recently kicked out of a prominent auto show. The reason behind this decision lies in the country’s dissatisfaction with Elon Musk’s actions in connection with U.S. President Donald Trump. The province of British Columbia has decided to exclude Tesla products from its electric vehicle charger incentive program. This decision targets Tesla-made EV chargers, energy storage batteries, and inverters. Residents of British Columbia will now have to choose another brand in order to benefit from up to $250 (CAD $350) in rebates. Those who purchased or…