Reports suggest Tesla, which is focused on winning market share over profits, is closing in on mass production of its cheapest-ever electric vehicle...
Continue ReadingICF estimates that a total of 93 million more EVs will be on the road by 2050, thanks to advancements in EV technology and progress in building out the infrastructure to support the demand. It's a space investors are keenly paying attention to, with most aware of the infrastructure hurdles, but maybe not as aware of the emerging innovations that will critically change the EV charging landscape. Craig Irwin, Managing Director and Senior Research Analyst at Roth Capital Partners and Stacy Noblet, Vice President in Transportation Electrification at ICF join Yahoo Finance Live to discuss the strides needed to revamp the EV industry. In response to startups building out infrastructure technologies like wireless inductive charging, Irwin said, “it takes a lot of interest and a lot of innovation across a spectrum of solutions.” “It’s not just about putting chargers in the ground,” Noblet said. “They need to be readily available and that’s a workforce development issue to be able to support not only the installation of the charging stations, but keeping them running.”For more from this episode of NEXT:To see the full NEXT episode: Electrifying Roads, click here. To read Akiko Fujita's article: This Israeli company is building a road that charges electric vehicles in Detroit, click here.To learn more about Charging while driving: The next step in EVs, click here...
Continue ReadingAgainst the backdrop of an apparent softening in the electric vehicle demand curve, Toyota said last month that fully electric vehicles are just not ready yet for mass adoption. The carmaker for years has been touting the value of hybrids, which serve as an important stepping stone to total electrification without the range anxiety that comes part-in-parcel with fully electric cars. The focus on hybrids, however, doesn't mean that Toyota isn't interested in dominating the EV sector as well...
Continue ReadingTesla Inc. will produce a new model that will cost 25,000 ($26,863) at its factory near Berlin, Reuters reported, as competition intensifies to produce more affordable electric vehicles for the European market. Ed Ludlow reports. Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with Emily Chang here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGRzfILkSd-YiWfsoloCETAe Get the latest in tech from Silicon Valley and around the world here: https://www.bloomberg.com/technology Connect with us on... Twitter: https://twitter.com/technology Facebook: https://www.facebook.com/BloombergTechnology Instagram: https://www.instagram.com/bloombergbusiness/...
Continue ReadingElon Musk's xAI launched its own chatbot called 'Grok.' It will only be available to users of X, the platform formerly known as Twitter. Ed Ludlow reports. Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with Emily Chang here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGRzfILkSd-YiWfsoloCETAe Get the latest in tech from Silicon Valley and around the world here: https://www.bloomberg.com/technology Connect with us on... Twitter: https://twitter.com/technology Facebook: https://www.facebook.com/BloombergTechnology Instagram: https://www.instagram.com/bloombergbusiness/...
Continue ReadingShares of pretty much every electric vehicle (EV) company competing with Tesla (NASDAQ: TSLA) for sales dropped this morning. As of 11:05 a.m. ET, Rivian (NASDAQ: RIVN) shares are shedding 2.6%, Fisker (NYSE: FSR) is off 3%, and Lucid Group (NASDAQ: LCID) is a 4% loser. What did Tesla do this time?...
Continue ReadingThe early days of the pandemic were a boon for mega caps, however, that faded from late 2020 through about a year ago. Click here to read more...
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