Tag: Electric vehicle

BusinessManufacturingTechnology

Rivian Announces Second Round of Workforce Reductions Affecting 600 Employees

Electric vehicle maker Rivian is implementing another round of layoffs affecting approximately 600 employees. The workforce reduction comes as the company faces changing government EV incentives and prepares for its more affordable R2 model launch in 2026.

Rivian Implements Workforce Reduction

Electric vehicle manufacturer Rivian is reportedly laying off approximately 600 employees, representing about 4% of its total workforce, according to the Wall Street Journal. Sources indicate this marks the second round of job cuts at the automaker within recent months, though company officials have not provided detailed comments on the latest reductions.

by Elijah Porter
AutomationSoftwareTechnology

Tesla’s Self-Driving Revenue Declines as Adoption Lags Behind Musk’s Vision

Tesla’s Full Self-Driving software is struggling to gain traction with only 12% of owners paying for the service. Third-quarter FSD revenue reportedly declined as regulatory hurdles and safety concerns complicate Elon Musk’s autonomous vehicle ambitions.

Tesla’s Autonomous Ambitions Face Customer Resistance

Tesla is encountering significant challenges in convincing vehicle owners to adopt its premium Full Self-Driving (FSD) software, with recent reports indicating declining revenue and limited customer uptake for the technology that CEO Elon Musk has positioned as central to the company’s future. According to the company’s third-quarter earnings report, FSD revenue decreased compared to the same period last year, when Tesla reportedly generated $326 million from the driver-assistance system.

by Aaron Vale
EnergyInnovationTechnology

Guernsey Electric Vehicle Registrations Approach 3,000 Mark as Infrastructure Plans Develop

Electric vehicle ownership in Guernsey has surged to nearly 3,000 registered vehicles, according to official figures. The Committee for Environment and Infrastructure is reportedly working on new taxation models while planning expanded charging infrastructure for residents without off-street parking.

Electric Vehicle Adoption Accelerates in Guernsey

Guernsey’s electric vehicle fleet has expanded dramatically, with nearly 3,000 EVs now registered on the island, according to reports from the Committee for Environment and Infrastructure. The president of the committee, Deputy Adrian Gabriel, revealed the current figure stands at 2,844 electric vehicles, representing substantial growth from just 758 registered in 2020.

by Aaron Vale