🤯 Talk about a twist in the EV plot! Ford and Tesla just pulled a shocker of a deal on electric vehicle charging tech, giving Ford drivers access to over 12,000 Tesla Superchargers across the U.S. and Canada. Next-gen Fords will even sport Tesla's charging plug. If that's not a game-changer, we don't know what game we are playing. The deal has automakers like GM in a right pickle, forcing them to choose between quick charging or sticking to their slower standard. Meanwhile, Ford and Tesla's stocks did a little happy dance, climbing over 7% and 6%, respectively.
⏰ Whoa, hold onto your batts (that's a cool way to say batteries), folks! Rivian just cranked out their first customer-ready, dual-motor R1T, packing their self-engineered Enduro drivetrain. Rivian's cutting middlemen by bringing these bad boys to life in their factory in Normal, IL. Rivian's DIY style will slash costs and pump up production. The dual-motor R1T is $8k cheaper than the quad-motor version, so it's like Rivian just declared happy hour on their electric trucks. Get start in June.
😡 Well, well, well, Toyota's got itself a spicy controversy! Proxy adviser Glass Lewis is urging Toyota shareholders to give Chairman Akio Toyoda the boot from the board, accusing him of a major party foul - a lack of board independence. Glass Lewis says only three of the 10 board nominees are independent, falling short of their one-third requirement. Toyota says, "nuh-uh!" claiming four nominees are free agents. The disagreement left a sour taste in everyone's mouths ahead of the annual meeting on June 14.
🥳 Grab your party hats and electric car fans! The Tesla Model Y has raced past Toyota's RAV4 and Corolla, screeching into the top spot as the world's bestselling car in Q1 2023. Who said being expensive AF means you won't be popular? The 69% YoY increase means Tesla's underdog title among the big car manufacturers is just a title and matters when the rubber hits the road, like CEO, Birthday Boy, or Fish Whisperer.