| |
| 1 | | Tesla reported the production of 430,488 vehicles and the delivery of 435,059 units during the third quarter, up from 365,923 and 343,830, respectively, during the same period in 2022. The company attributes an 8% QoQ decline to factory updates during the summer, which Elon Musk mentioned anticipated during Tesla's July earnings call. More: - Model S/X comprised 15,985 units, with the rest consisting of Model 3/Y.
- Tesla said it is on track to reach its volume target of 1.8 million vehicles for the year.
- $TSLA was up 1.05% for the day and 4.07% WoW on Monday afternoon.
|     | |
| 2 | | EVgo is partnering with Honda Motor to provide access to drivers to its electric vehicle charging network in North America. As part of the deal, Honda drivers will get $750 in charging credits. More: - EVgo Inside, its API service, will be accessed by the HondaLink and Acura EV apps.
- Honda is planning to launch its new EV models in North America in 2024 and adopt Tesla's charging port, the North American Charging Standard, in 2025.
- EVGo installed its 1,000 DC Fast Charging stall in September in collaboration with General Motors.
- $EVGO was down 3.4% for the day and -7.24% WoW on Monday afternoon.
Q: Will partnerships between charging companies and automakers help reduce range anxiety among prospective buyers? Join the conversation here. | | | |
| A message from our sponsor, Ahrefs. |  | | Improve your website’s SEO performance and get more traffic from searches. For free! Not all websites are created to make money. But quality information deserves to be found. This is why we want to support website owners who can’t justify investing in a professional SEO tool. Monitor your SEO health: - Scan your website for 100+ common SEO issues that might hurt its performance in search engines.
- Get advice on fixing those issues and keep an eye on your website’s SEO health over time.
Know your backlinks: - Browse your website’s backlink data, collected by the industry’s favorite third-party backlink crawler.
- Get actionable insights from your inbound and outbound link profiles with various user-friendly reports and filters.
See keywords that bring you traffic: - Learn what keywords your website ranks for and compare how you stack up against competitors in the SERPs.
- Get a better understanding of your website’s SEO potential with the help of actionable SEO metrics like Search Volume, Keyword Difficulty, and Traffic Value.
Sign Up for Free | |
|
| 3 | | Beta Technologies made an international using an all-electric aircraft, traveling from Plattsburgh International in New York to Pierre Elliot Trudeau International Airport in Montreal. The piloted flight, covering 64 miles in 30 minutes, marks the first fully electric international flight. More: - Beta opened its engineering hub in Montreal in March 2023, where it employs 70 people in areas such as design, structure manufacturing, and aircraft certification.
- Last summer, the company flew 2,000 nautical miles from Plattsburgh to Bentonville, Arkansas, with stops to recharge. In December, it flew another 1,300 NMs from New York to Kentucky.
- Beta plans to begin production in South Burlington, Vermont, in the fall, expecting FAA certification for the eCTOL in 2025 and eVTOL in 2026.
| | | |
| 4 | | Emirates signed an agreement with Shell for the supply of 300,000 gallons of blended sustainable aviation fuel for its hub in Dubai International Airport. As part of the deal, Emirates will be able to track SAFs via Avelia, a blockchain-powered system by Shell and Accenture, with support from Energy Web and American Express Global Business Travel. More: - Emirates first used a SAF blend in 2017, operating a flight from Chicago on a Boeing 777.
- The airline is currently operating flights with SAF blends from Paris, Lyon, Oslo, and Stockholm.
- Other airlines that have acquired SAF supply this year include United Airlines, All Nippon Airways, and Qatar Airways.
| | | |
| A message from our sponsor, PerfectApps. |  | | Design, deploy, integrate and report – without coding complications. PerfectApps puts the power to create completely customized web apps in your hands with robust features and capabilities. Our no-code platform enables those who know their process best to address app development and workflow challenges without the complexity of coding. Scalable for any app, in any industry. No matter your department or industry, you need custom web apps and reports to drive your workflow processes. From a single page web form to a sophisticated, multi-step workflow app, we can meet your needs. PerfectApps no-code solutions help: - Speed app delivery
- Lower costs
- Increase productivity
Try it free for 30 days | |
|
| 5 | | United Airlines pilots voted in favor of wage increases by as much as 20.2% over four years. According to the union, Air Line Pilots Association, the contract received 82% approval from over 97% of United pilots. More: - The move follows salary increases for pilots by American Airlines and Delta Air Lines earlier this year.
- JetBlue also decided to raise flight attendant pay by 5% starting in November, followed by another 2%, plus other bonuses.
- $UAL was down 0.02% for the day and 1.05% WoW at market close on Friday, while $JBLU closed at +0.88% for the day and +2.45% WoW.
| | | |
| 6 | | Volvo Group subsidiary Mack Trucks reached a deal with 4,000 workers with the United Auto Workers union. The news comes as the union goes into its third week of strikes against Ford, General Motors, and Chrysler-owner Stellantis. More: - On Friday, the UAW shut down Ford's assembly plant in Chicago. The company argued that the union is bargaining in bad faith and that its president, Shawn Fain, is spending too much time on TV. Fain said Ford CEO Jim Farley lied about the current state of negotiations.
- The union accused Ford of wanting to reduce 40% of UAW jobs due to its transition to EV production.
- The exchange of opinions comes a week after the UAW decided not to expand its strike against Ford's Blue Oval due to progress in negotiations.
- Ford stock closed 1.11% for the day but +0.57% WoW on Friday.
| | | |
| 7 | | Quick Hits: *This is sponsored content. | | | |
| Upcoming Events | | OCT
12 | | Panel discussion on cybersecurity insights for financial services companies* | | | | | | | OCT
16 | | Meet Our Fund 5, Building and Investing in AI | | | | | | * This is a sponsored event | | | |
Term of the Day Institutional investor: An institutional investor is an organization that invests in financial securities and alternative assets on behalf of other people. Question of the Week Do you share details about your salary with your coworkers? Join the conversation |
INSIDE TRANSPORTATION LEADERBOARD (30 DAYS) |
 | Sr. Analyst | | Nicolas S. is a Sr. Analyst at Inside, covering transportation and startup trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups. Follow him at @MobilityNerd. | | This newsletter was edited by Aaron Crutchfield | |
| |
| |
|
| |
|
| |
Comments
Post a Comment