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Ford cutting F-150 Lightning production workforce by two-thirds

Teslarati

Ford is cutting its F-150 Lightning production workforce by two-thirds as the company continues to try and ramp manufacturing of electric vehicles and work toward profitability. The Michigan Assembly plant is getting a third shift as Ford continues to lean on gas vehicle sales to bolster its finances. I’d love to hear from you!

F-150 131
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Tesla Supplier LG Energy Solution tempers 2024 revenue expectations

Teslarati

The Korean company warned of slowing revenue growth in 2024 during the announcement. According to local Asian news outlets, LGES joins the growing list of automakers and suppliers who have shown concerns about EV demand during rising interest rates. “I am worried about the high interest rate environment that we’re in.

Energy 113
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Although not part of the conferences formal structure, the themes were addressed in the presentations and panel discussions.

Financing 150
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Audi CEO Duesmann pushes back against politicians opposing ICE ban

Teslarati

Audi CEO Markus Duesmann is pushing against politicians in Europe who oppose the bans internal combustion engine ban in 2035 while resolidifying his company’s plans to only offer fully-electric vehicles from 2026 on. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com.

Audi 89
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German official calls for “Tesla Speed” efforts to shift away from Russian gas

Teslarati

During a press conference last month , Habeck stated that Germany could not “continue at our dozy pace.” As per a report from Euractiv , companies are already lining up to help realize the official’s goals. Don’t hesitate to contact us with news tips. Quotes courtesy of Euractiv.

Gas 98
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Twitter argues against Elon Musk’s plea to schedule trial in 2023

Teslarati

The social media company argued that the earliest possible trial date is “imperative” because the public dispute harms Twitter each day Musk is in breach. McCormick will hold a Zoom conference with Twitter and Elon Musk’s camp on Tuesday, July 19, about the trial schedule. Kathaleen St. McCormick was assigned to rule over the case.

Legal 92
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Tesla makes ~$2.8B all-stock offer to acquire SolarCity

Green Car Congress

The SolarCity team has built its company into the clear solar industry leader in the residential, commercial and industrial markets, with significant scale and growing customer penetration. More succinctly, Musk noted in a conference call that Telsa had considered the deal “blindingly obvious” for awhile.

Tesla 150