Rivian beats Tesla, GM and Ford to build the first electric pickup truck
By Chris Isidore, CNN Business There is a winner in the race to build the first consumer ready electric pickup truck, and it isn’t Tesla, Ford or General Motors. It’s Rivian. Who? The startup truck maker’s first R1T pickup come off the line in a former…
2022 Polestar 2 single motor beats Tesla on build quality, remixes priorities
Suddenly there’s an attractive, premium, reasonably priced, electric car that doesn’t have a Tesla badge. The question is whether that matters and what concessions—or advantages—that brings with it. Polestar flew me to Santa Fe, New Mexico and tossed me…
Samsung Beats Earnings Estimates on Recovery of Chips, Gadget Sales
(Bloomberg) — Samsung Electronics Co. reported earnings that beat estimates and said demand for memory chips is likely to recover in the second half of the year, driven by new smartphones and gaming consoles. Net income increased to 5.5 trillion…
Intel Beats, Guides Lower: ETFs in Focus
Intel INTC reported better-than-expected Q2 results after market close yesterday. The world’s largest chipmaker smashed estimates for both earnings and revenues but forecast weak earnings for the third quarter. It warned that its next-generation chips…
Green Power Beats Fossil Fuels for First Time in Europe
(Bloomberg) — Renewable power for the first time contributed a bigger share in the European generation mix than fossil fuels as the fallout from the pandemic cut energy demand. About 40% of the electricity in the first half in the 27 EU countries…