Automotive

Move Makers: Polestar, Mercedes, Uber, GM

Uber Bikes, GM AI, and Mercedes’ Van. 🏍
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Move Makers: Polestar, Mercedes, Uber, GM

Polestar 📈 + 📉

Polestar lost $304M in Q2, which sounds like a huge bummer but is actually attached to some good news.

  • Deliveries jumped 36% year-over-year to 15,765.
  • Revenue for the quarter was $685M.
  • They are still on track for their 60,000 - 70,000 delivery goal for 2023.

Gotta spend money to make money, and apparently, you gotta lose some of that money to eventually keep any of it. #NotBusinessAdvice

Mercedes 🚐 + 👨‍👩‍👧‍👦

Mercedes-Benz has joined the ranks of automakers in the #VanLife sector. While technically any van can be lived in, their 2024 eSprinter Van is refreshed and ready to live by the river, Wal-Mart parking lots, or the side of the interstate when you get too sleepy. How thoughtful for people with $71K to drop on a home, vehicle, or VeHOMEicle!

Uber 🛵 + 🚕

Uber is taking the obvious next step toward its carbon neutral by 2040 goal - electric motorbikes in Kenya. The company will ramp up the Electric Boda (a Swahili term for motorbike taxi) to 3K within six months and eventually expand the project to other African nations. The change will drop operating costs for gig drivers by up to 35%, resulting in a roughly 20% drop in the cost to customers.

GM 🤖 + 🚙

Thanks to Google Cloud's conversational chatbot, General Motors OnStar is getting an AI shot in the arm. Dialogflow will take over non-emergency OnStar features and play a key role in GM's $25B in annual subscription revenue by 2030 plans.

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