Who will fund the shift to electric vehicles? Today, Volkswagen annouced that nearly 10,000 Audi workers will help pay for the transition –– with their jobs: German carmaker Audi has revealed it will cut 9,500 of its 61,000 jobs in Germany by 2025 to free up funds to invest in electric vehicles. Forbes Yikes. That’s […]
Interesting story from August on Reuters: e U.S. National Highway Traffic Safety Administration plans to test how drivers could use cameras to replace traditional rearview mirrors in automobiles, a technology already allowed in other countries, the agency said on Tuesday. Reuters Cars like the Audi étron have this sytem in Europe, but it’s not allowed […]
Bankruptcy in 10 minutes?
Following the announcement of Tesla’s Gigafactory Berlin, Tesla became the third most valuable auto manufacturer in the world. It surpassed Daimler in early trading on German exchanges narrowly –– Tesla is now worth $63 billion and 73 million, while Daimler is worth a measly $63 billion and 7 million. They could trade places again several […]
Today at Das Goldene Lenkard, the German new car-model award ceremony, Tesla made a surprise announcement: the location for the European Gigafactory will be in the Berlin area. Leaving aside the announcement itself, the video of the ceremony itself feels surprising and historic in a lot of ways –– so let’s pick it apart together […]
Tesla will exceed Daimler’s current market capitalization at a share price of $350 or above. This would make it the third most valuable auto maker on Earth, behind Japanese auto giant Toyota and German auto giant Volkswagen. View this spreadsheet I saw on Reddit for more information
Oh man, this is just too good. If you read one article today, make it this one. In this amazing feature length cover story for German weekly news magazine Der Spiegel Germany begins to wake up and ask itself: Is it too late to save the German auto industry? You can read the full article […]
The first Porsche Taycan test cars have started appearing at Electrify America charging stations across the country… and pricing is not looking pretty. By doing some simple math on the above image, you can see that Volkswagen charges about $1.50 / kWh making a fast charging stop almost as expensive as filling gas. By contrast […]
