Billion Dollar Club Archives - Page 29 of 37

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…

WednesdayFeb 07, 2024 1:30 pm

Chinese Tech Giant Courts Potential Buyers for Physical Outlets

Alibaba Group Holding Ltd. (NYSE: BABA) may be planning to sell some of its brick-and-mortar businesses, including Intime, RT-Mart and Freshippo. Intime is a shopping mall operator while RT-Mart is a retailer operating under the company. On the other hand, Freshippo operates as a grocery business. This move comes as the Chinese tech giant places more focus on its e-commerce business model and may, in part, be fueled by the huge amounts of effort offline businesses need in order to run efficiently. It should be noted that the company has yet to give its official statement on the matter. In…

FridayFeb 02, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Adds Kirstjen Nielsen, Former Secretary of the U.S. Department of Homeland Security, to the Company’s Board of Directors

An internationally recognized expert on security issues, Secretary Nielsen brings a depth of knowledge and expertise on policy, strategy and operations She is steeped in emerging technologies, including artificial intelligence (“AI”) and quantum, and has advised technology companies of all sizes Her appointment to the company's board of directors highlights governments' rapidly accelerating interest and investment in today's quantum technology D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, recently announced the addition of Kirstjen Nielsen, former Secretary of the U.S. Department of Homeland Security, to the…

WednesdayJan 31, 2024 9:00 am

D-Wave Quantum Inc. (NYSE: QBTS) Announces Successful Completion of SOC 2 Type 2 Audit to Further Commitment to Data Security

D-Wave's completion of the SOC 2 Type 2 audit makes it the first full-stack quantum computing provider to achieve this compliance The company is deeply committed to data security as customers adopt the production use of its quantum computing solutions Going forward, D-Wave will perform annual SOC 2 Type 2 assessments, making the latest report available to current and potential clients upon completing a nondisclosure agreement D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, recently announced the successful completion of its SOC 2(R) Type 2 audit…

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Category: Billion Dollar Club