Author: john@provenroi.com
Rivian Reports Strong Q1 Sales Growth Rivian, the electric vehicle startup, has announced impressive sales figures for the first quarter of the year. The company sold 10,365 vehicles, marking a 20 percent increase compared to the same period last year. Additionally, Rivian produced 10,236 vehicles at its factory in Normal, Illinois, representing a 30 percent growth year over year. The company has also reiterated its forecast to sell between 62,000 and 67,000 vehicles by the end of the year. Compared to the previous quarter, Rivian’s Q1 performance showed a 6.4 percent increase in sales and a 7.2 percent growth in…
High gas prices are causing car shoppers to rethink their vehicle choices, with many considering energy-saving alternatives like hybrids and electric vehicles. Tomi Mikula, founder of Delivrd, a car-buying consultancy, has noticed a significant increase in interest in hybrids, especially as gas prices continue to rise. One recent deal closed by Mikula involved a Michigan family trading in their gasoline Toyota SUV for a Hyundai Ioniq 9 Calligraphy, a top-shelf, three-row electric SUV. Toyota’s decision to focus on building hybrid versions of popular models like the RAV4 and Camry is paying off, as consumers seek more fuel-efficient options amid soaring…
Analysts Disappointed with Tesla’s Q1 Performance Analysts are closely scrutinizing Tesla’s first-quarter results and finding little to be excited about. The electric carmaker reported a decline in both deliveries and production compared to the previous quarter. Tesla delivered 358,023 vehicles to customers, marking a 14 percent decrease from the fourth quarter of 2025. Additionally, the company produced 408,306 vehicles, down 6 percent quarter over quarter. This downward trend signifies Tesla’s ongoing struggle, as it has now reported two consecutive years of declining sales. CEO Elon Musk is steering the company towards a shift from traditional automotive sales to focus on…
Despite the slight increase in electric vehicle sales, Tesla’s energy storage deployments dropped in the first quarter of this year. The company delivered 358,023 vehicles in Q1, a 6.3% increase compared to the same period last year. However, energy storage deployments decreased to 8.8 gigawatt-hours from 10.4 GWh in the year-ago quarter. The majority of Tesla’s deliveries in Q1 came from the Model 3 and Model Y, which accounted for 341,893 units. The remaining 16,130 units were from the “other models” category, including the Cybertruck and the now-discontinued Model S and Model X. Despite the increase in vehicle deliveries, Tesla…
Tesla CEO Elon Musk has recently confirmed that the company has initiated internal testing for the highly anticipated Full Self-Driving (FSD) version 14.3. This major update is set to bring about a significant architectural shift for Tesla’s AI, with Musk describing it as the last big piece of the puzzle for the software’s reasoning and logic capabilities. The software is currently being tested by Tesla staff to iron out any remaining bugs before it is rolled out to the general public. Version 14.3 is expected to feature a larger neural network with advanced reinforcement learning, allowing the car to reason…
Uber has been making strides in promoting the adoption of electric vehicles (EVs) among its drivers. Last year, the company rolled out a pilot program offering drivers in select locations a $4,000 grant to switch from gas-powered vehicles to EVs. The success of the initiative has prompted Uber to expand eligibility for its “Go Electric” grant to drivers nationwide for the first time. The timing of this expansion is crucial, as gas prices have been on the rise due to recent geopolitical events. Uber drivers, who heavily rely on fuel for their livelihood, are feeling the pinch of increased gas…
Honda has made a significant move in the electric vehicle market by dropping the price of its Prologue crossover by $7,500. This adjustment brings the starting price below $40,000, making the Prologue a highly attractive option for prospective buyers looking to go electric. The Honda Prologue initially gained popularity as one of America’s best-selling EVs when it first launched in 2024. However, after the expiration of the $7,500 EV tax credit on September 30, sales took a hit. In Q1 of 2026, Prologue sales plummeted by over 65% year-over-year, with only 1,588 units sold. In response to these declining sales…
Tesla CEO Elon Musk has announced the end of an era for the company, as custom orders for the Model S and Model X have been permanently halted. In a late-night post on March 31, Musk confirmed that the original flagship vehicles are being phased out to make way for a new chapter focused on autonomy and robotics. Musk expressed his love for the Model S and Model X, stating that only existing inventory remains available for purchase. He also mentioned plans for an official ceremony to commemorate the legacy of these two iconic vehicles. The decision to discontinue production…
The Kia PV5 WAV (Wheelchair Accessible Van) was developed in partnership with BraunAbility, a leading manufacturer of wheelchair accessible vehicles, to meet ADA (Americans with Disabilities Act) compliance standards and accommodate motorized wheelchairs. This innovative vehicle was specifically designed for taxi and rideshare services, aiming to provide a more inclusive transportation option for individuals with disabilities. While the Kia PV5 WAV has garnered attention for its accessibility features and potential benefits for taxi and rideshare clients, it has not yet been confirmed for sale in the United States. However, the concept vehicle showcased at the New York International Auto Show…
Tesla CEO Elon Musk has announced that the third generation of the Optimus humanoid robot is now mobile, but the public will have to wait a bit longer for its official debut. Musk provided an update on the project’s progress on March 31, acknowledging the missed deadline for the first-quarter reveal. “Optimus 3 is walking around, but needs some finishing touches before it’s ready to be shown,” Musk stated. While the delay may come as a disappointment to those anticipating a major presentation by the end of March, it is worth noting that Optimus 3 is already operational. Recent sightings…