Cleantech & EV’s

Tesla has poached a top manufacturing executive from Bosch, Dr. Michael Schmitt, who has over 25 years of experience at the German manufacturing giant. Last year, Tesla brought Tom Zhu, the executive in charge of Tesla’s operations in China, to the US to oversee all manufacturing and sale operations in North America. The automaker hopes to replicate the impressive success it has been enjoying…

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After posting strong Q2 earnings, EV maker Rivian (RIVN) is raising guidance numbers for the year. Rivian continues ramping production while gross margins improved by 50%. Overall, it was a solid improvement quarter-over-quarter. Rivian Q2 2023 earnings preview Yesterday, we posted a preview of what you can expect from Rivian’s Q2 earnings report, indicating investors will be watching…

Tesla and EnergyHub have announced a new partnership to build “the largest virtual power plant in [the] Northeast.” Virtual power plants are becoming one of Tesla’s most underappreciated products. Tesla is using its existing and growing fleet of Powerwalls to aggregate their power capacity and offer electric grid services to utilities while compensating homeowners for using their home…