Rivian"s Q2 earnings focus on "cash burn," factory output
Analysts are focused on Rivian's operating costs as part of second-quarter earnings due Thursday. Rivian improved its production ramp up, but still faces questions over its cash burn......»»
Tesla"s U.S. registrations fell 25% in February, dragging the EV segment into the red
Ford, Hyundai, Kia, BMW and Rivian posted strong gains, partially offsetting Tesla's decline. The last time monthly EV registrations fell was in August 2020......»»
Suppliers scramble to avoid low factory utilization amid rocky EV transition
The uneven ramp-up of electric vehicle production and flattening EV sales growth in North America have left suppliers scrambling to make sure they're not left with significantly underutilized factories, supplier executives said......»»
Password crackdown leads to more income for Netflix
Netflix to stop reporting subscriber numbers, prioritizing viewer engagement instead. Enlarge (credit: Bloomberg) Netflix’s crackdown on password sharing helped the streaming service blow past Wall Street’s earnings.....»»
Netflix Gained More than 9 Million Subscribers for Q1 2024
New data from Netflix's reported earnings show that it gained 9.33 million paid subscribers for Q1 2024 alone. The post Netflix Gained More than 9 Million Subscribers for Q1 2024 appeared first on Phandroid. Netflix is in an interesting sp.....»»
Rivian cuts more jobs with woes mounting for electric vehicle market
Rivian Automotive Inc. will cut an another 1 percent of its workforce, the second round of layoffs this year as the electric vehicle industry grapples with flagging consumer demand......»»
Nissan juggles reduced ICE volumes on path to U.S. EV future
EV production in Canton. Miss., is twice delayed. Output not expected to begin until November 2026, according to a supplier memo......»»
5 reasons Elon Musk is cutting jobs at Tesla ahead of Q1 earnings
"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon Musk said. Tesla reports earnings April 23 after global sales fell 8.5 percent last quarter on weak demand......»»
Today only: pick up a lifetime Babbel subscription for $149, a discount of $450 off retail
This $450 cash discount on a lifetime Babbel language learning subscription is back for a limited time only, giving you access to the All Languages plan for $149.97.Save $450 on Babbel.For a limited time only, pick up a lifetime subscription to Babbe.....»»
Honda"s first in-house EV starts production in 2025
Honda is retooling three existing plants in Ohio to produce EVs and EV components and is building a joint-venture battery factory with LG Energy Solution......»»
Researchers find cryptic genetic element in the human gut that could serve as a sensitive biomarker
A component of the human intestinal flora that has been little studied to date is the focus of a new study from Germany. Plasmids are small extrachromosomal genetic elements that frequently occur in bacterial cells and can influence microbial lifesty.....»»
Apple"s iOS 18 AI will be on-device preserving privacy, and not server-side
Apple's AI push in iOS 18 is rumored to focus on privacy with processing done directly on the iPhone, that won't connect to cloud services.Siri is expected to get a big upgrade with iOS 18Over the past few months, we've heard a lot about Apple's ende.....»»
New IRS e-filing rule for cash transactions in effect for dealers
Dealerships that file 10 or more of certain tax forms — such as W-2s and 1099s — had to do so electronically for the 2023 tax year. They also had to go digital with Form 8300, which retailers use to report large cash purchases......»»
Group 1 to acquire UK retail operations of Inchcape
Group 1 Automotive has agreed to buy U.K. dealership group Inchcape. The all-cash deal, announced Monday, is for $439 million and is expected to close in the third quarter......»»
Reptiles in South Africa are under threat, but there"s good news too
Media reports about the biodiversity crisis and what researchers have argued qualifies as a mass extinction event tend to focus on the big ecological effects. Melting ice sheets, severe weather events, droughts, habitat loss and wildfires dominate he.....»»
Group 1 to acquire UK group Inchcape
Group 1 Automotive has agreed to buy U.K. dealership group Inchcape. The all-cash deal, announced Monday, is for $439 million and is expected to close in the third quarter......»»
iOS 18 feature request: Send quietly in Messages without Focus mode
I’m sure it’s been said countless times before, but—now that would be a good name for a column!—iMessage could use a send quietly option that’s always available. Send quietly is a feature today, but it’s only available when the recipient.....»»
Tesla to lay off more than 10 percent of its workers as sales slow
"Cost reductions and increased productivity" needed, says Musk. Enlarge / Tesla's Shanghai factory in 2023. (credit: VCG/VCG via Getty Images) Times are starting to get tough for Tesla. The electric vehicle automaker ha.....»»
Group 1 to acquire U.K. group Inchcape
Group 1 Automotive has agreed to buy U.K. dealership group Inchcape. The all-cash deal, announced Monday, is for $439 million. The deal is expected to close in the third quarter......»»
The Paradox That"s Supercharging Climate Change
Humanity needs to burn less fossil fuels. But that means fewer aerosols to help cool the planet—and a potential acceleration of global warming......»»
Rivian R2 vs R1S: How will Rivian’s cheaper SUV compare?
The Rivian R2 has finally been announced, and it'll be a great option for those who want a cheaper electric SUV. But how does it compare with the Rivian R1S?.....»»