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Monday, September 20, 2021

EV Week In Review: Tesla's Utility Bet, New Leadership at Embattled Lordstown, Rivian Finally Takes IPO Plunge - Benzinga

Last updated Saturday, August 28, 2021 11:57 ET , Source: NewsService

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EV stocks had a fairly good outing on Wall Street in the week ending Aug. 27, with most advancing in the session. Here are the key EV-related news events that took the spotlight during the week:

Tesla Makes News With Utility Foray, Musk's FSD Commentary & Model Y: A week after Tesla, Inc. TSLA 1.53% created ripples with its AI Day, it was revealed that the EV maker has filed with the Texas Public Utility Commission for the sales of electricity directly to consumers in the state.

The application was filed by the EV giant's Tesla Energy Ventures subsidiary. The company has kickstarted a big battery build in Angleton, Texas, which will likely add a 100-megawatt energy storage system to the grid.

Tesla's full self-driving suite has elicited a mixed reaction. However, not many would have seen a not-so-flattering comment coming from Elon Musk about the latest public version of FSD, V9.2.

In a reply to a tweet about the iteration, Musk said FSD beta 9.2 isn't actually great and that the Autopilot/AI teams are attempting to have a single stack both for highways and city streets.

Musk added in a threaded reply that he just drove FSD 9.3 from Pasadena to Los Angeles and it is "much improved."

The EV maker also released version 4 of its mobile app with a significant user interface refresh and several new features.

Tesla's Giga Shanghai's production rate of Model Y vehicles hit 1,000 units...



Read Full Story: https://www.benzinga.com/news/21/08/22702772/ev-week-in-review-teslas-utility-bet-new-leadership-at-embattled-lordstown-rivian-finally-takes-ipo


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