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 in anticipation of several high-profile product launches scheduled for this year. Despite facing pressure and negative news, including concerns about sentiment and potential lower-than-expected delivery figures due to the launch of a new version of the Model Y, Tesla continues to be seen as a safe play by bullish investors on Wall Street. The company’s strong presence in…
California Electric Vehicle Drivers Could Lose Carpool Lane Access According to a report by Automotive News, California electric vehicle drivers may lose single-occupancy carpool lane access later this year. The federal law that allows California to grant this perk, one of the earliest EV ownership incentives, is set to expire on September 30. While California lawmakers are working to extend the statute, federal lawmakers have not taken any action yet. Currently, certain electric vehicles qualify for a sticker that allows them access to carpool lanes. In 2024, California’s DMV issued 194,486 stickers, a significant increase from the previous year. Greg…
The recent emergence of a website called DogeQuest has caused quite a stir on the internet. The site, which has since been taken down, claimed to have information on Tesla owners and employees from DOGE, Elon Musk’s unofficial government initiative. The site featured an interactive map that supposedly revealed the identities of Tesla owners in various states and targeted Tesla service centers, urging visitors to take action against them. However, upon closer inspection, it became evident that the information on the website was highly questionable. For example, the list of Tesla owners in Central Ohio was incomplete and inaccurate, with…
Tesla has officially received approval from California regulators to begin carrying passengers, marking a significant milestone in the company’s journey towards launching its ride-hailing service. The California Public Utilities Commission confirmed the granting of a transportation charter-party carrier permit to Tesla, allowing the company to transport employees in company-owned vehicles as a first step before expanding the service to the public. This development comes as part of Elon Musk’s ambitious plan to enter the ride-hailing market, positioning Tesla in direct competition with industry giants such as Uber, Lyft, and Waymo. Musk has announced plans to launch driverless ride-hailing services in…
Tesla (NASDAQ: TSLA) has 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 in preparation for several high-profile product launches scheduled for this year. Despite facing pressure and negative news surrounding the company’s sentiment and potential lower-than-expected delivery figures due to the launch of a new version of the Model Y, Cantor Fitzgerald remains bullish on Tesla. The firm views Tesla as a safe play, citing the company’s strong presence in various industries such as automotive, energy, and AI/Robotics. Analyst…
CATL and Nio have recently announced a groundbreaking agreement to collaborate on establishing a nationwide battery-swapping network in China. This network will utilize both Nio’s swap technology and CATL’s innovative Choco-swap technology, offering batteries for subcompact to midsized cars with capacities ranging from 42 kWh to 70 kWh. One of the key highlights of this partnership is the inclusion of Nio’s Firefly EV in the shared network. The Firefly EV, part of Nio’s premium small EV sub-brand, will be among the first vehicles to benefit from this collaborative effort between CATL and Nio. CATL’s Choco-swap technology aims to create a…
Tesla has recently introduced a new feature for Cybertruck owners, allowing them to adjust their vehicle’s ride height directly from the Tesla mobile app. This update was announced by Wes Morrill, Tesla’s lead Cybertruck engineer, on X this morning. In response to customer demand, Tesla has added the ability to adjust the Cybertruck’s ride height through the mobile app. Morrill expressed the company’s commitment to continual improvement, stating, “Tesla team is always working to make our products better than they were yesterday.” The new ride height adjustments can be found in the Tesla app under “Ride Height On-Road”, offering settings…
Hyundai Offers Free Home Chargers or Public-Charging Credits for Ioniq 5 and Ioniq 6 Models Hyundai is expanding its offer of free home chargers or public-charging credits to buyers of the 2024 and 2025 Ioniq 5 and Ioniq 6 lineups. Previously limited to the 2025 Hyundai Ioniq 5 N performance variant, this perk is now available to owners of 2024 and 2025 Ioniq 5 and Ioniq 6 models as well. Customers can choose between a free ChargePoint Home Flex Level 2 charger or a $400 public-charging credit for use at various stations. ChargePoint Home Flex Level 2 home charger for…
Rivian CEO RJ Scaringe recently shared a significant update on the highly anticipated Rivian R2, the electric SUV that is set to compete with Tesla’s Model Y. After months of refining and retooling, Rivian has reached a major milestone by showcasing the first body-in-white R2 built with production dies. This is not just a prototype but a glimpse of the actual production-ready R2 that will soon hit the market. What sets the R2 apart is its innovative use of megacastings, large high-pressure die castings that eliminate around 50 stamped parts and 300 joints. These megacastings simplify production, reduce weight, and…
BYD Unveils High-Power Charging System for EVs Chinese automaker BYD has introduced a new high-power charging system that is set to revolutionize the electric vehicle (EV) charging infrastructure in China. The new “Super E-Platform” by BYD promises megawatt charging capabilities, enabling users to add 400 kilometers of range in just five minutes. According to a report by Reuters, BYD founder Wang Chuanfu announced the breakthrough during a livestream event from the company’s headquarters in Shenzhen. The Super E-Platform is designed to deliver 1,000 kw of power, making it one of the fastest charging systems available in the market. BYD Super…