Vehicle Sales
Timetable for more affordable Tesla slips further
Musk no longer dangling the possibility of a 2024 rollout of his firm’s new offering
Corporate Strategy
Faraday Future to restate financials
The US EV pure play has appointed a new CFO and will revise numbers
2 min read
California EV start-up Faraday Future (FF) is keen to attract strategic investors and hopeful that the appointment of a new CFO will boost those ambitions. But the new man’s in-tray will likely be initially dominated by a restatement of the firm’s last three quarterly results.
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Chinese OEMs
BYD signs Turkey plant deal
The Chinese firm to invest $1bn in the Europe-adjacent country
Volkswagen
VW invests $5bn in Rivian JV
OEMs will develop joint EV platform architecture while Rivian gets much-needed boost to its coffers
BMW
BMW receives commercial L3 autonomy approval
German OEM becomes first automaker to offer L2 and L3 systems in one vehicle
Corporate Strategy
Third party revenue share dampens Tesla robotaxi value outlook
App makers will eat into potential robotaxi revenue, says RBC analyst Tom Narayan