Lucid CEO teases a mid-size Tesla Model 3, Model Y competitor in development

  • January 24, 2024
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During a ribbon-cutting ceremony celebrating the opening of Phase 2 at its AMP-1 production facility in Arizona, Lucid Motors CEO Peter Rawlinson briefly teased the automaker’s third model in the works – a mid-size EV that will arrive as a direct competitor to the Tesla Model 3 and Model Y. Electrek was on location this […]

Elon Musk: Tesla aims for next-gen EV to come in late 2025

  • January 24, 2024
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Elon Musk has disclosed that Tesla is currently aiming for its next-generation electric vehicles, which will include a much cheaper electric car, to come in late 2025. At Tesla’s 2023 Investor Day in March, the automaker unveiled a new car manufacturing system, which CEO Elon Musk claimed would be faster, more efficient, and enable the production of […]

Should Volvo take Polestar (PSNY) private? Investment research firm weighs in

  • January 24, 2024
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Should Volvo take EV maker Polestar (PSNY) private? Investment research firm Bernstein says it may make more sense. Polestar built high-performance vehicles alongside Volvo for over two decades. After Geely bought out Volvo, Polestar was established as an independent electric vehicle brand in 2017. The brand’s first passenger vehicle, the Polestar 1, was a hybrid […]

Decision on US’s largest natural gas export terminal to be delayed

  • January 24, 2024
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Photo by Pixabay on Pexels.com In a significant move, the White House will delay a decision on whether to approve what would be the US’s largest liquefied natural gas (LNG) export terminal, according to the New York Times. Three sources who spoke to the Times on condition of anonymity said the Biden administration is pausing approval […]

Tesla (TSLA) warns of ‘notably lower’ growth in 2024

  • January 24, 2024
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Tesla (TSLA)has released its guidance for the year, and it warns of “notably lower” growth of its auto business in 2024. The automaker is notoriously not a fan of providing clear guidance despite having a probably better view into its own business than any other automaker because it owns its entire distribution business, unlike other […]

VW says ‘most’ 2023, 2024 ID.4s will get full $7,500 EV tax credit

  • January 24, 2024
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Photo: Volkswagen of America “Most” 2023 and 2024 VW ID.4s will qualify for the full US EV tax credit in 2024 – here’s the lowdown on eligibility. VW 2023 and 2024 ID.4s with US-manufactured SK On battery components placed in service in 2024 will be eligible for the full $7,500 federal tax credit. SK On is […]

Tesla (TSLA) releases Q4 2023 results: slight miss on earnings

  • January 24, 2024
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Tesla (TSLA) released its financial results and shareholders letter for the fourth quarter and full-year 2023 after market close today. We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information. Tesla Q4 2023 earnings expectations As we reported in our […]

AI identified as a top risk for healthcare

  • January 24, 2024
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Photo: Erik Isakson/Getty Images AI and new technologies are among the top five management risks providers face in 2024, according to an annual report by Kodiak Solutions. The other risks are based around financial performance, competition,  workforce and cybersecurity, with AI and new technologies affecting most of those categories, according to the report. The efficiencies […]

Q&A: Why MemorialCare Values Partnerships for Healthcare Cybersecurity

  • January 24, 2024
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From the bedside to data centers, healthcare requires teamwork to ensure the highest quality of care. This has become increasingly clear when it comes to securing valuable healthcare data. As vice president of IT at Fountain Valley, Calif.-based MemorialCare, Kevin Torres also oversees the chief technology officer and CISO functions. Through key partnerships, Torres and […]