Joey Klender – Page 104 – Sidevalve EV News

Tesla battery partner Panasonic to lean on 2170 and 4680 batteries for profitability

February 2, 2023 Joey Klender Syndicated Comments Off

Tesla battery partner Panasonic cut its 2023 outlook by 12.5 percent after it missed earnings expectations. The Japanese company will lean on automotive batteries, including the 2170 and 4680 chemistries, to improve profitability for operations this year. Panasonic’s Earnings Call on Thursday revealed it struggled with headwinds caused by a weakened global economy and high […]

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Rivian expected to layoff 6% of workforce following pressure from EV rivals

February 1, 2023 Joey Klender Syndicated Comments Off

Rivian (NASDAQ: RIVN) is expected to layoff six percent of its workforce following pressure from EV rivals, which have cut prices significantly already in 2023, putting pressure on electric vehicle makers attempting to reach profitability. According to an internal memo seen by Reuters, Rivian is axing six percent of its employees in an effort to save […]

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Tesla owners say YouTube app has video locked at low resolution

February 1, 2023 Joey Klender Syndicated Comments Off

Tesla owners are indicating that the YouTube application in their vehicles is strangely locked at a low resolution after a recently rolled-out software update. As early as Monday, January 30, Tesla owners began reporting that the YouTube videos they attempted to watch in their cars were no longer upgrading to higher video resolutions. Over the […]

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Tesla price cuts in China drop competitor sales by as much as 60%

February 1, 2023 Joey Klender Syndicated Comments Off

Tesla’s price cuts in China dropped sales of competing domestic electric vehicle makers Nio, Li Auto, and Xpeng by as much as 60 percent in January. Nio, Li Auto, and Xpeng all showed significant drops in both monthly and year-over-year sales comparisons in January after Tesla stroked demand by dropping prices by as much as […]

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Tesla mulls EV production plant near new Mexico City airport

January 31, 2023 Joey Klender Syndicated Comments Off

Tesla’s next electric vehicle production plant could end up near the Felipe Angeles International Airport (AIFA), according to Mexican officials. Mexican Presidential Spokesman Jesus Ramirez said, “Tesla is looking at investing in that area to take advantage of AIFA,” as it could allow the company to export by air travel. “Tesla will invest there…in an […]

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Tesla no longer states ‘long-term’ belief in crypto, details $200M Bitcoin loss

January 31, 2023 Joey Klender Syndicated Comments Off

Tesla may be backtracking on its belief in the long-term benefits of investing in Bitcoin after losing over $200 million on the investment last year. The language that has appeared in past 10-K documents filed by the automaker that seems to show a bullish attitude toward investing in cryptocurrencies is no longer there. Early in […]

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Tesla employee headcount balloons in 2022, countering tech sector layoffs

January 31, 2023 Joey Klender Syndicated Comments Off

Tesla’s employee headcount grew by 23 percent in 2022, while other tech companies eliminated positions due to economic conditions. In 2022, layoffs hit the tech sector hard, as companies like Google, Twitter, Facebook/Meta, and others eliminated employees to save money with the threat of a recession looming. Tesla was one of those companies, but its […]

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BMW recalls over 3,000 EVs for faulty pedestrian noisemaker

January 31, 2023 Joey Klender Syndicated Comments Off

BMW of North America is recalling 3,431 i4 and iX electric vehicles due to the potential failure of its pedestrian warning noisemaker. In a recall notice on the NHTSA website, BMW said, “During vehicle start-up, the artificial sound generator control unit may experience a fault and fail to generate the external pedestrian warning sound.” Federal […]

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Tesla offers new $3,000 discount or free Supercharging with trade-ins, slashing prices further

January 30, 2023 Joey Klender Syndicated Comments Off

Update: Tesla has confirmed the Model 3 and Model Y are not included in this promotion. Paragraph 7 reflects this, as well as confirmation from Tesla. Tesla is now offering additional discounts or free Supercharging incentives with the purchase of new Model S and Model X vehicles, but the automaker is requiring owners to trade […]

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Tesla’s ‘can be tapped into’ by the government: rapper explains why he’ll never ride in one

January 29, 2023 Joey Klender Syndicated Comments Off

Rapper Rick Ross founded Maybach Music Group in 2009, and you shouldn’t expect him to change it to “Tesla Music Group” anytime soon. The rapper and music producer recently explained his reasoning for not wanting to ride in a Tesla, and the reason might blow your mind. “I’ve never ridden in a Tesla,” Ross said […]

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