And it’s official. Rivian (RIVN) will lose its position on the Nasdaq-100 index (NDX) after its stock price fell over 90% from its all-time high achieved shortly after going public.
Rivian to be removed from the Nasdaq-100 index
Less than two weeks after JP Morgan analyst Min Moon predicted in a note to investors that Rivian would lose its position in the Nasdaq-100, it’s becoming a…
Stellantis says it's not ready to adopt Tesla's NACS connector, but it is considering it
June 14, 2023
Stellantis confirmed that it is “evaluating” Tesla’s NACS connector. It is considering adopting it, but the automaker doesn’t seem ready to commit.
After both GM and Ford announced that they would adopt NACS as the standard connector in their future electric…
This week in data: Don’t be an AI tourist
June 14, 2023
“Don’t be an AI tourist” is excellent advice from a post on The World Economic Forum. The post includes a fascinating survey: The AI Readiness Report which demonstrates that 81% of companies are now working with generative AI and how the focus on models is changing.
Fastest production electric car lands in the US as Rimac hands over first Nevera EV hypercar
June 13, 2023
Rimac Automobili revealed Tuesday it had delivered its first Nevera electric hypercar to a customer in the US. One of the fastest cars in the world and the current fastest production electric car, the Rimac Nevera, was handed over to its owner by the company’s dealer in New York.
After several years of testing and development with concepts, Rimac enticed performance fans by promising a…
According to Governor Eric Holcomb of Indiana, GM is building a new $3 billion EV battery plant in the state in a new joint venture with Samsung SDI. The facility will be its fourth battery plant in the US.
General Motors already has plans for three EV battery factories…
EV maker Polestar revealed Tuesday that the 2024 Polestar 2 will start at $51,300 (including destination fee). Although the price is slightly higher than last year’s model, the 2024 version includes more range and new features.
Since its debut in 2020, the Polestar 2 has…
Tesla’s stock (TSLA) is up more than 50% over the last month in one of the company’s best runs in value ever.
Here’s an idea of why Tesla’s stock is gaining momentum.
Macroeconomics has a big impact on large stocks, like Tesla, and improvements on that front have helped the automaker, but the NASDAQ is up 10% while Tesla’s up 51% over the last 30 days.
A string of good news seems to have…
WASHINGTON — The U.S. Navy will begin rolling out a conversational artificial intelligence program known as “Amelia” that’s capable of troubleshooting and resolving the most commonly asked tech-support questions from sailors, Marines and civilian personnel.
The full…
Specialized’s super lightweight electric mountain bike isn’t for you; it’s for your kids. The premium bicycle manufacturer’s newest model, the Levo SL Kids, is a slightly smaller version of its popular Levo SL electric mountain bike. It comes with a reduced frame…
Toyota claims solid-state EV battery tech breakthrough could offer +900 miles driving range
June 13, 2023
At a recently held technical briefing, Toyota revealed plans for several new technologies, including next-gen EV batteries, aerodynamic drag reduction, and manufacturing upgrades to help transform the company in the electric era. After discovering a breakthrough, Toyota says it aims to offer solid-state state EV batteries that could potentially offer over 900 miles driving range.
Several Toyota…
