A Few Announcements

Rivian Partners with AT&T for Electric Delivery Vans

• New Partnership: Rivian and AT&T collaborate on a pilot program for electric delivery vans and R1 vehicles.
• Fleet Transition and Emissions: AT&T aims for carbon neutrality by 2035, with plans to utilize Rivian's vans for cost efficiency and reduced emissions.
• Rivian's Market Expansion: Post-Amazon exclusivity, Rivian eyes larger fleet clients, with vehicle safety and technology as critical features.
• Company Growth: Rivian raises its 2023 production goal to 54K vehicles, with an upcoming R2 platform offering models in the $40K-$60K range.

GM's Leadership Shuffle Amid Stock Stagnation and Cruise Controversy

• GM's Share Price Woes: CEO Mary Barra's decade-long efforts show little movement in GM's share price.
• Strategic Overhaul: Leadership changes and a $10 billion share buyback program aim to revive investor interest.
• Cruise Robotaxi Challenges: Recent safety incidents led to executive dismissals and potential fines, highlighting the difficulties in GM's autonomous vehicle venture.
• Barra's Leadership Outlook: Focused on guiding GM through the EV transition and overcoming current market challenges.

Tesla Cybertruck Replacement Parts Pricing Revealed

• Cost of Parts: Replacement costs for the Cybertruck's wiper blade and windshield are estimated at $165 and $1,900, respectively.
• Window Costs: Side windows, touted as 'baseball-proof,' could cost between $225 and $260.
• Delivery Milestone: Tesla begins delivering the first batch of Cybertrucks.

BMW Advances in Autonomous Driving with Shanghai Testing Permit

• Autonomous Testing Approval: BMW receives authorization to test L3 self-driving vehicles in Shanghai.
• L3 Technology Focus: The company aligns with Chinese market demands for advanced autonomous driving features.
• Global and Local R&D: BMW is actively developing L3 functionality for the Chinese market and plans to launch equipped models in Germany by Spring 2024.
• Regulatory Progress: Chinese guidelines for L3 and L4 autonomous driving tests stimulate interest in Tesla's Full Self-Driving capabilities in China.