EV Daily | Tesla Stock Surges Amid Speculation; Cadillac Unveils Vistiq EV; Rivian Partners with VW

【Tesla】

Over the past week, Tesla's stock surged, not due to company performance or policy changes, but speculation about potential government corruption benefiting the company. Tesla's stock market success is attributed to a perceived advantage from a close relationship with the federal government, rather than any tangible improvements or policy benefits. The speculation includes potential ends to legal actions against Tesla, although most significant actions are state-level, not federal. The Biden-Harris administration has benefitted Tesla through improved federal tax credits and EPA actions favoring zero emission vehicles. Tesla celebrates producing 1,000 Powerwalls in a day, but questions arise since they claimed a capacity of 700,000 per year. Hertz is selling off Tesla vehicles due to declining resale values after Tesla cut prices, affecting Hertz's financial health. Tesla's Bitcoin holdings have seen a surge in value following recent market trends.

【Others】

Cadillac has unveiled the Vistiq, a three-row electric SUV positioned between the Lyriq and Escalade IQ, offering over 300 miles of range and advanced technology features. Hertz plans to continue selling Tesla vehicles and other EVs in mass due to depreciation issues. Rivian calls for urgent action on climate change, emphasizing their commitment to sustainability and renewable energy projects. Rivian partnered with VW for a joint venture to develop new EV architecture and software, with plans to release new models by 2026. The Dodge Charger Daytona EV, an all-electric muscle car, is scheduled for release, with gas-powered versions being prioritized due to demand. Waymo has expanded its driverless taxi service in Los Angeles, opening it to all users within its service area. Porsche expanded its Taycan lineup, introducing new variants with improved performance and range. VinFast received substantial financial support from Vingroup and its chairman to continue operations and achieve financial stability by 2026. Lectric Ebikes released the XPedition 2.0, a cargo e-bike with significant upgrades, maintaining its competitive pricing.