The second part of the article covers the European Commission's tariffs on Chinese EVs due to unfair subsidization, Fisker's recall of its Ocean SUV, and Revel's shift from an employee model to a gig worker model for its ride-hail service. It also provides an overview of the latest models from Rivian, including improvements in ride quality and advanced driver-assistance systems. The article concludes with a brief review of Rivian's next-generation R1T and R1S models.
Key takeaways:
- The Tesla shareholder vote is taking place to decide whether Elon Musk deserves his $56 billion pay package, with some questioning the lack of negotiation in the original deal due to Musk's influence over the board of directors.
- Ford has been actively poaching employees from competitors and tech giants like Rivian, Tesla, Formula 1, and Apple, aiming to build out its secretive low-cost EV team.
- General Motors is providing Cruise, a robotaxi company, with an $850 million lifeline to help fund its daily operations until it can secure long-term capital efficient strategy, including new partnerships and external funding.
- Rivian's revamped R1T and R1S have improved ride quality and an advanced driver-assistance system, with the company planning to roll out more automated driving features in the coming months.