Lucid Motors (LCID) is cutting its 2023 production goal following widening losses in Q3. The EV maker is facing stiff competition in the premium electric vehicle market.
Despite initial plans to build between 10,000 and 14,000 cars this year, Lucid is revising its plans as EV sales fail to gain traction.
Lucid delivered 1,456 EVs in Q3, up slightly from 1,404 in the second quarter. Deliveries…
Tesla service workers in Sweden are on strike, and Tesla commented publicly on the strike for the first time as sympathy strikes expand to shipping, cleaning and electrical workers.
Late last month, Tesla service workers in Sweden threatened to strike over the lack of a…
The US Energy Information Administration (EIA) expects annual solar generation to surpass annual hydropower generation in 2024 for the first time.
The EIA’s “Short-Term Energy Outlook,” released today, forecasts that the US will generate 14% more solar electricity…
Rivian (RIVN) released its third-quarter earnings after market close Tuesday, showing strong results as production and deliveries picked up. Meanwhile, losses are shrinking…
Earnings preview
The EV maker continued progressing in the third quarter, easily surpassing expectations with 15,564 vehicles delivered.
Rivian’s deliveries were up 24% from Q2 and more than double last year’s…
Ubisoft lays off over 100 employees to ‘streamline’ operations
November 8, 2023
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2023 continues to be the year of major video game layoffs as Ubisoft confirmed today that it has laid off 124 employees, several of…
Lucid Air Sapphire electric sports car debuts in Forza Horizon 5
November 8, 2023
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The Lucid Air Sapphire luxury electric car will debut inside Forza Horizon 5 during Week 3 of the Winter Season on the American…
OpenAI CEO Sam Altman shrugs off Elon Musk in AI arms race
November 8, 2023
OpenAI founder and CEO Sam Altman dismissively addressed Elon Musk’s latest venture into the AI industry on Monday at OpenAI’s inaugural Dev Day during a press briefing.
This comes in the wake of Musk’s strategic announcement of his new AI product, Grok, from his latest company, xAI.
Altman brushed off the potential threat from Musk’s new company, stating, “Elon’s gonna Elon,” in…
SwissGold Crypto AG Launches Gold-Backed NFTs for Wealth Preservation – Press release Bitcoin News
November 8, 2023
PRESS RELEASE. Zug, Switzerland – SwissGold Crypto AG, a Swiss-regulated crypto issuer, introduces a novel solution to the wealth preservation challenge in times of inflation and uncertainty: gold-backed non-fungible tokens (NFTs).
Gold’s enduring stability, in contrast…
BRC20 Token ORDI Skyrockets Over 40% as Binance Announces Listing – Altcoins Bitcoin News
November 8, 2023
On Tuesday, the BRC20 token, dubbed ordinals (ORDI), soared over 40% against the U.S. dollar, fueled by news from Binance about its impending inclusion on the exchange’s roster of traded currencies. ORDI rocketed from an early 24-hour low of $7 to a peak of $11.53…
US Air Force may remove 105mm cannon from AC-130 gunship
November 7, 2023
WASHINGTON — The days of the AC-130J Ghostrider’s hefty 105mm cannon may be numbered.
U.S. Air Force Special Operations Command confirmed to Defense News it is considering removing this howitzer-sized weapon, used to carry out punishing strikes on ground targets, from the aircraft as early as 2026. The idea comes as the service rethinks how it will use the heavily armed gunship following the…
