During an interview with the Silicon Valley Tesla Owners Club, Tesla CEO Elon Musk said that Lucid Motors and Rivian, two American electric vehicle startups, are on the brink of bankruptcy.
Unless something materially changes with Rivian and Lucid, they will both go bankrupt. These companies are going bankrupt. I hope they can do something, but if they can’t cut their spending drastically, they’ll be in big trouble and end up in a car graveyard like everyone else except Tesla and Ford.
During the same interview, he added, “My advice to Rivian is to cut spending drastically across the board immediately, otherwise it’s doomed.”
He also commented on Rivian’s increase in the price of its electric vehicles earlier this year and noted that when you raise the price, you are “exponentially reducing the number of people who can afford these cars.”
Are American lives more important than Mexican lives? Crash test of two Hyundai cars for different markets clearly showed the problem of double standards in the industry
Global NCAP experts decided to bring together in one crash test two similar cars created for different markets.
Hyundai Accent for the US market and Hyundai Grand i10 for Mexico and Latin America decided to push their foreheads together. These are the most affordable models of the Korean company, which are sold in their respective markets. This is not the same car under different names, as sometimes happens, but still the difference in results was huge.
Just one video is enough to understand that the Grand i10 received much more damage. Unfortunately, the same applies to mannequins. Grand i10 is equipped with only two frontal airbags compared to six in Accent. This further aggravated the situation for the first model. It ended up with zero stars. The source does not disclose the Accent result, but speaks of good driver protection. In addition, if you look at the IHSS website, you can see that this car received the maximum score on almost all points.
With this comparison, Global NCAP specialists want to draw attention to the problem of double standards of automakers that are used when creating cars for different markets.
The Wall Street Journal: Tesla will close one of its offices in California and lay off 200 employees who worked on improving the autopilot
The Wall Street Journal, citing its own sources, reported that Tesla plans to liquidate one of its offices in California, about 200 employees will be laid off.
According to the publication, in order to reduce costs, the company is closing an office in San Mateo. More than half of its staff has received notices of dismissal from their positions, and the remainder of the staff will be distributed among other company offices. It is noted that most of the employees who were laid off were engaged in improving the Tesla autopilot.
Earlier, Tesla CEO Elon Musk said he had a “very bad feeling about [американской] economy” and warned of the intention to “cut approximately 10% of employees” and “suspend hiring worldwide.” Speaking at the technology All-in Summit conference in Miami in mid-May, Musk said that the United States economy is in a recession and will come out of it no earlier than a year.
Sunset of the ICE era. EU Council approves CO2 car phase-out initiative
The countries of the European Union have approved an initiative to eliminate carbon dioxide emissions by 2035 for new cars and trucks.
The Council agreed to increase the CO2 emission reduction targets <...> by 2030 to 55% for passenger cars and 50% for trucks. The council also approved a 100% carbon reduction target for new cars by 2035.
Press Service of the Council of the EU
Bloomberg suggested that by 2035, many automakers will have to switch to the production of electric vehicles. The agency also noted that the EU initiative actually heralds the end of the era of internal combustion engines (ICE).
Earlier, the European Parliament also supported a ban on the sale of cars and vans with above-zero CO2 emissions from fossil fuels after 2035.
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