Lacey@GCS, Author at BillionDollarClub

MondayMar 04, 2024 9:00 am

Nikola Sets Ambitious Delivery Target for Hydrogen-Powered Trucks

Nikola Corporation (NASDAQ: NKLA) has announced a target to deliver up to 350 hydrogen-fuel cell electric trucks this year. The Phoenix, Arizona-based alternative energy carmaker is setting its ambitions on delivering more than 350 hydrogen-powered fuel cell trucks to customers by the end of this quarter after cost controls. A recent statement from the company revealed that it was close to returning the battery electric trucks it recalled from customers last August because of fire risks. Fleets can expect to receive their trucks by the end of quarter two of this year or early into the third quarter, Nikola said.…

FridayMar 01, 2024 9:00 am

Riot Platforms’ Annual Report Sheds Light on Possible Risks of Bitcoin Halving

Bitcoin mining giant Riot Platforms (NASDAQ: RIOT) recently published a report outlining the potential risks of being exposed to cryptocurrency companies plagued with instability. With several cryptocurrency platforms collapsing in recent years, distrust in the nascent crypto sector is at an all-time high. According to Riot’s latest annual report, several risks have the potential to impact the company and disrupt its Bitcoin mining operations. These include a potential reduction in on-chain transition fees, problems in the wider cryptocurrency economy and an anticipated Bitcoin halving event in April. According to Riot, the halving event is particularly risky because it can potentially…

WednesdayFeb 28, 2024 9:00 am

Could NIO Inc. Currently Be Undervalued and Is It a Good Buy?

NIO Inc. (NYSE: NIO) is an automobile manufacturer that specializes in the design and development of electric cars. The multinational company, which is based in Shanghai, is also focused on the development of battery-swapping stations for its cars. Over the last couple of months, the company’s shares have recorded a 14% growth in price on the NYSE market. Despite the jump in price, however, NIO still has a lot of work to do before it can hit any highs again. The company’s market capitalization currently stands at $11.2 billion. One would assume that given its large market capitalization, any changes…

MondayFeb 26, 2024 9:00 am

Musk Says Producing Affordable EVs Could Require Workers to Spend Nights at Giga Texas

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has revealed that producing affordable electric vehicles would require an intense manufacturing process that could lead to Tesla employees “sleeping on the line.” During Tesla’s most recent earnings call, Musk warned Tesla employees that manufacturing affordable EVs would force the Texas-based automaker to make a sharp move from its conventional production methods. According to Musk, Tesla engineers and workers would have to spend nights at Giga Texas to meet the company’s production goals. Tesla employees have slept on facility floors in the past as the company strove to meet extremely tight production deadlines…

FridayFeb 23, 2024 9:00 am

Rolls-Royce Considers Quantum Computing to Boost Nuclear Safety

Rolls-Royce is thinking of using quantum computing to operate nuclear plants remotely and improve nuclear energy safety. The manufacturer is looking to develop small, autonomous nuclear reactors via the Quantum Technology Access Programme (QTAP). These reactors could potentially function in remote mining colonies on Earth, the moon, and even Mars safely and remotely. Rolls-Royce used data from the 2011 Fukushima nuclear accident to determine if it could feasibly use a quantum machine-learning model to swiftly identify potentially deadly situations. The quantum computing-based learning model would allow operators to shut down as soon as potential issues arise with little to zero…

WednesdayFeb 21, 2024 9:00 am

Tesla Confirms It Won’t Be Refreshing the Model Y This Year

In an internal email to employees, Tesla Inc. (NASDAQ: TSLA) has confirmed that no Model Y refresh will be coming this year. Model Y has up to 310 miles of range on a single charge with dual motor all-wheel drive that allows drivers to manoeuvre through different road conditions. The vehicle also has two trunks, fold-flat seats and 3,500 pounds of towing capability. It can seat up to seven and has more than enough storage paired with advanced active safety features. Additionally, the vehicle allows for remote locking, key sharing and vehicle monitoring, all of which can be done through…

FridayFeb 16, 2024 9:00 am

Rivian Expands Battery Options as Launch of Next-Generation EVs Nears

With the launch of its next-generation electric cars fast approaching, Rivian Automotive Inc. (NASDAQ: RIVN) is expanding its battery options for the Rivian R1T and R1S and cutting entry prices for both models. Rivian Automotive Inc. is an electric vehicle manufacturer and automotive technology and outdoor recreation company. Rivian’s Standard pack will feature a 106-kilowatt-hour, lithium-ion battery pack and can pair with the dual motor powertrain with an estimated 270-mile range. Opting for the Standard pack would lower R1T entry prices to $69,900 and save customers $9,100. In comparison, the previous base R1T option cost $79,000 and featured the Large…

WednesdayFeb 14, 2024 9:00 am

Lucid Motors Ponders Expected Shift to Solid-State Batteries

In the years since it launched, Lucid Motors (NASDAQ: LCID) has made a name for itself as one of the electric vehicle industry’s top innovators. Lucid formally entered the EV market with the Air Sedan, a flagship model that now uses the 2170 cylindrical lithium-ion battery pack famed for its high energy density and efficiency. The California-based company also developed a proprietary charging unit that uses high-voltage DC fast charging to cut charging times by a significant margin. However, the company’s most well-known technological achievement is solid-state batteries, next-generation EV batteries that use solid rather than liquid electrolytes. Replacing the…

MondayFeb 12, 2024 9:00 am

Fisker Unveils Unique Opportunity to Dealers Selling EVs

During the National Automobile Dealers Association’s annual automotive show last week, Fisker Inc. (NYSE: FSR) CEO explained his dealership partnership model for their recently launched electric vehicle. Henrik Fisker talked about the Fisker Ocean Extreme, the company’s new electric SUV that is said to be affordable as well as exciting. The SUV will retail at $35,000. Fisker also revealed that the company was working on a mid-sized electric pickup truck dubbed the Fisker Alaska. This new highly advanced, all-electric, four-door pickup truck is incredibly powerful and versatile. The truck is said to be affordable, with sales starting at $45,000. Fisker…

FridayFeb 09, 2024 1:30 pm

Coinbase Global Inc. (NASDAQ: COIN) Hires UK Ex-Finance Minister as Advisor

Coinbase Global Inc. (NASDAQ: COIN), an online platform for selling, buying, storing and transferring cryptocurrency, recently appointed a new advisor to its global advisory board. The new advisor is George Osborne, former United Kingdom Chancellor of the Exchequer. This isn’t the first time a company in the crypto industry has added former political figures to its board. Osborne joins other notable figures on the company’s advisory board, among them former U.S. Congressman Sean Patrick Maloney, who represented New York from 2013 to 2023; Dr. Mark T. Esper, who served as U.S. Secretary of Defense from 2019 to 2020; and former…

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Author: Lacey@GCS