Rivian (RIVN) is still planning to build electric vehicles in Georgia, just not as soon as expected. After delaying construction, Rivian reaffirmed its commitment to an EV manufacturing plant in GA.
After unveiling the R2 last month, a smaller and more affordable electric SUV, Rivian announced it would begin production at its Normal, IL facility rather than its new $5B GA plant.
Rivian said…
Used car retailer CarMax just released its latest used EV sales data, and while the leaders are the same, their prices aren’t.
The used EVs people are buying
The top three most popular EVs at CarMax are the Tesla Model 3, Tesla Model Y, and the Nissan LEAF, according to…
Philippines Securities Regulator Requests Apple and Google to Remove Binance Apps – Regulation Bitcoin News
April 24, 2024
The Securities and Exchange Commission (SEC) of the Philippines has requested that tech giants Apple and Google remove Binance apps from their respective app stores. The SEC chairman stated that the blockade on Binance, coupled with the removal of its app, curbs the further…
Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions – Bitcoin News
April 24, 2024
PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started receiving payments in USDT last year and will accelerate its adoption. Tether, nonetheless, stated it will uphold OFAC sanctions when needed.
Venezuelan Oil…
Ripple Asks Court to Reject SEC's $2 Billion Penalty Request in XRP Case – Legal Bitcoin News
April 24, 2024
Ripple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them…
The size of the U.S. Navy’s fleet and the debate over how to increase it took center stage at a Senate Appropriations defense subcommittee hearing Tuesday.
In particular, senators expressed concern after a recent study found multiple important shipbuilding programs are…
To expand the US Navy’s fleet, we must contract
April 18, 2024
There is no substitute for fleet capacity. But generating it depends on healthy partnerships between the government and industry. After decades of corporate consolidation, the pendulum now swings toward consensus that the U.S. defense-industrial base must once again expand.
Recent efforts by the Defense Department and Congress reflect this new course and a desire to attract new companies that have…
The U.S. Army’s Network Cross-Functional Team is slated for a leadership shakeup.
Maj. Gen. Jeth Rey, the team’s director, will be succeeded by Brig. Gen. Patrick Ellis, according to a personnel announcement shared by the Department of Defense. Rey has led the team at…
Tesla asks shareholders to move to Texas and re-pass Elon Musk's massive compensation plan
April 18, 2024
Tesla has filed a proxy with shareholders to ask them to vote for the company to move its state of incorporation to Texas and re-pass Elon Musk’s 2018 CEO massive compensation plan that was rescinded by a Delaware judge earlier this year.
In January, a judge sided with…
With Gogoro already surpassing one million swappable EV batteries in circulation, the company’s energy network has become something of a de facto standard in swappable batteries for e-motorcycles and scooters and scooters. Now, the company is announcing the next phase of its expansive GoStation network, rolling out over a dozen new 100% renewable energy-powered stations.
There are over 2,000 of…
