Cleantech & EV’s

Tesla has decided to pull on demand levers in China with the launch of a new referral program in the market and cutting prices on Model 3 and Model Y. The TSLA Stock price is down in pre-market. Over the last few months, there have been increased concerns about softening of demand for Tesla vehicles. It was enough for CEO Elon Musk to address it during the conference call following the release…

In a recent letter to current reservation holders of the R1T, Rivian has said it will halt the production and installation of the powered tonneau cover on all future deliveries. Those reservation holders can now choose between a manual tonneau cover or no cover at all, while Rivian “upgrades” the powered version. Here are the details. Rivian ($RIVN) is a relatively young American automaker…

EV battery tech company Enevate and electric boat propulsion company Sealence have completed a Memorandum of Understanding to jointly develop a high-performance battery for jet boats. Italy-based Sealence has developed an electric propulsion system called DeepSpeed (pictured above and below) that operates silently and reduces vibration for sea craft ranging from fast tenders to large yachts.

EV start-up Arrival has announced its second business strategy pivot in the past three months. After recently demonstrating the successful use of its microfactory model in the UK to build its all-electric van, Arrival has decided to refocus its business approach and all resources for the US market with hopes of maximizing federal tax credits. Arrival ($ARVL) is an EV start-up focused on…