Author: john@provenroi.com
Stellantis, the automotive conglomerate formed in 2021, recently reported a net loss of $22.3 billion in 2025. This marked the first time the company has been in the red since its inception, largely due to what now appears to be a failed shift towards electric vehicles. The company accrued $25.4 billion in unusual charges related to this misstep. The company’s foray into electric vehicles was met with significant challenges. Stellantis overestimated the demand for EVs and failed to capture the interest of consumers. The cancellation of EV models and the release of lackluster products highlighted the shortcomings of Stellantis’ electric…
The approval of The Boring Company’s lease application and enhanced grading permit for the Music City Loop in Tennessee marks a significant milestone in the development of this innovative transportation project. Governor Bill Lee announced the joint approval by the Tennessee Department of Transportation (TDOT) and the Federal Highway Administration (FHWA, paving the way for the privately funded tunnel project to proceed. The Music City Loop aims to connect downtown Nashville to Nashville International Airport in just eight minutes, offering a fast and efficient transportation option for residents and visitors. Governor Lee expressed his enthusiasm for the partnership with The…
Tesla has recently made a significant change to its Cybertruck lineup, specifically with the $59,990 Dual Motor AWD version. This alteration comes amidst a surge in orders for the highly anticipated electric pickup truck. The decision to remove the $59,990 Cybertruck AWD from the referral program has caught the attention of many Tesla enthusiasts. This move follows a series of updates and adjustments that have been implemented since the Cybertruck’s launch less than a week ago. The referral program was a popular incentive for Tesla customers, offering rewards for referring new buyers to the brand. However, with the overwhelming demand…
workforce in February as part of its efforts to achieve profitability. Lucid’s stock has been on a rollercoaster ride since its IPO last year, with shares reaching record highs and then plummeting. The company is facing stiff competition in the EV market, with established players like Tesla and new entrants like Rivian vying for market share. However, Lucid has carved out a niche for itself with its luxury electric vehicles, and its focus on quality and performance has garnered it a loyal following. Looking ahead, Lucid is optimistic about its growth prospects for the year, with plans to expand its…
Investors have been questioning Rivian’s massive $24 billion cash burn, wondering if such a high expenditure was necessary for the electric vehicle startup. However, CEO RJ Scaringe defended the spending, stating that it was a calculated move in order to establish Rivian as a significant player in the automotive industry. During a podcast appearance on Buy Hold Rant, Scaringe emphasized the importance of investing significantly in order to build a “very large company.” He acknowledged that Rivian’s cash flow situation may raise concerns among investors, but he remains confident in the long-term strategy of the company. The discussion around Rivian’s…
Tesla is making waves once again with reports of two significant interior upgrades for the Model 3, aligning the electric sedan with recent refreshes seen on other models. The updates were discovered through backend coding in Tesla’s European and Chinese web configurators by @BERKANT, hinting at a global rollout for the 2026 model year. One of the major changes includes the introduction of a black headliner for the Model 3. This move comes in response to long-standing customer requests for a monochromatic interior aesthetic, as even the “black” interior package previously came with a contrasting grey ceiling. Tesla recently made…
Tesla’s European Sales Slide Continues as BYD Surges Ahead in January Registrations Tesla’s performance in Europe remains under pressure to start 2026, with new registration data showing the automaker trailing fast-growing competitors despite continued expansion of the region’s electric vehicle (EV) market. According to figures released by industry analysts, Tesla’s market share in Europe has continued to decline, while Chinese automaker BYD has seen a surge in registrations. The latest data shows that Tesla’s market share in Europe fell to X% in January, down from X% in the previous month. This decline comes despite the company’s efforts to ramp up…
This has created a unique situation where even relatively new cars are seeing significant price drops on the used market. The data from Edmunds highlights just how much money savvy shoppers can save by opting for a slightly used model instead of a brand new one. One of the standout examples from the report is the Dodge Charger Daytona, which saw an average discount of $19,711 on the used market compared to a new model. This represents a substantial savings of 67%, making it an attractive option for budget-conscious buyers. Similarly, the Jeep Wrangler 4XE also saw significant discounts, with…
SpaceX is setting its sights on achieving peak download speeds of 150Mbps per user for its upcoming Direct-to-Cell Starlink service. This exciting update was announced by Udrivolf Pica, SpaceX’s Spectrum & Regulatory Affairs Lead, during the International Telecommunication Union’s Space Connect conference. Pica revealed during the conference that SpaceX is targeting impressive peak speeds of 150Mbps per user, which would be a remarkable feat given the link budgets involved in transmitting data from space to mobile devices. This ambitious goal represents a significant improvement over the current performance of the Starlink Direct-to-Cell service. Currently, SpaceX’s cellular Starlink service, operated in…
Tesla has recently announced the opening of a new V4 Supercharger station in Penhold, Alberta, just outside of Red Deer. This new station brings the total number of Supercharger stations in the heart of ‘Gasoline Alley’ to three, providing Tesla owners with more convenient charging options in the area. The new Supercharger station in Penhold features the latest V4 technology, allowing for faster charging speeds and more efficient charging sessions. With the growing popularity of electric vehicles, having access to reliable and fast charging infrastructure is essential for drivers looking to travel long distances without range anxiety. Located in a…