The EV Evolution Goes On With New Developments

Upwallstreet

October 07, 2024

Tesla Inc (NASDAQ:TSLA) is having its Robotaxi Day this week. The ‘We, Robot’ event will be held on October 10th in Hollywood as Tesla booked the massive Warner Bros. Discovery Inc. Studios to unveil its latest model. Considering the impressive venue and the fact that Tesla had delayed this event in order to make some important changes, expectations are high and there are many speculations of what the EV king plans to unveil, the day promises to be "one for the history books".

Optimizing the charging process.

Yet, the week got kicked off by Nissan Motor Co Ltd (OTC:NSANY) deciding to join Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY), Ford Motor (NYSE:F), and Honda Motor Co (NYSE:HMC), or more precisely the trio’s EV integration joint venture. Through its investment, Nissan revealed it will become an equal 25% investor in ChargeScape. BMW and Honda had presented ChargeScape’s software that optimizes charging. Through ChargeScape, BMW, Honda, Ford and now Nissan, will provide bidirectional charging, allowing EVs to send power back to the grid when needed, while optimizing the charging process by coordinating with real-time grid demands. Also, BMW, Ford, Honda and Nissan will be providing financial incentives to EV owners to reduce energy use during peak times.

Bringing more clean energy to the EV table.

Having already established a reputation for its ‘made-in-the-USA’ hybrid and clean energy solutions for light trucks, Worksport Ltd. (NASDAQ:WKSP) is preparing for a market release of its solar-powered tonneau cover, SOLIS and the COR portable energy system. This clean energy power duo that promises off-grid power on the go has the potential to propel Worksport’s mid to long-term revenues. Worksport already has an ongoing collaboration with Hyundai who secured access to these groundbreaking accessories. Also, Worksport will be releasing one of the most in-demand tonneau cover models, AL4 premium tonneau Cover, in the fourth quarter, with innovative four-fold design that offers enhanced functionality and ease of the use. By launching three new product lines, Worksport is aiming to strengthen its positioning and expand market reach. In the fourth quarter, Worksport will also be implementing cost-saving measures to enhance margins and lower operational overhead without compromising growth. With these key strategic advances that will undoubtedly accelerate revenue growth and boost margings, Worksport is aiming for cash flow positivity un 2025.

While Tesla still holds the EV crown, long gone are the days it had the EV throne to itself. Besides already sharing the crown with BYD Company Limited (OTC:BYDDY) on some fronts, both traditional automakers and newcomers are also shaping the EV landscape that is in the making, such as Worksport whose SOLIS and COR off-grid clean power duo promises to revolutionize the pickup experience altogether.

DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.

This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Recommended

Act by October 22nd: Discover Elon's Mind-Blowing New Invention! - Ad

Meet The Companies That Could Be Behind Apple's "AiPhone" - Ad

Early Nvidia, AMD, and Tesla Investor Shares New AI Picks - Ad

U.S. Supreme Court considering RICO case involving fired truck driver claiming injury from CBD product, divided on implications of ruling.

Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy

China has gone out in full throttle to stimulate its economy and analysts are mostly upbeat about its ramifications.

Bill Gates' Mysterious New AI Project Revealed

Bill Gates' Mysterious New AI Project Revealed - Ad

Tech expert Jeff Brown uncovers Bill Gates' latest AI project, Stargate, which Forbes claims could reshape everything we think we know about our world.

Supreme Court allows a rule limiting pollution from coal-fired power plants to remain in effect

WASHINGTON (AP) — The on Wednesday allowed a Biden administration regulation aimed at limiting planet-warming pollution from coal-fired power plants to remain in place as legal challenges play out.

Hedge Fund Billionaire Daniel Loeb Bets On Trump Win, Singles Out This Recent Buy As Having 'Significant Upside Potential'

Hedge fund manager Daniel Loeb is optimistic about the economy and market and he sees Trump likely retaking White House.

Leaked 19-Page Memo Just Sparked an $18.3 Billion Income Opportunity

Leaked 19-Page Memo Just Sparked an $18.3 Billion Income Opportunity - Ad

This new economic policy is allowing in-the-know Americans to claim as much as $7,882 every quarter. It all starts with his secret 19-page memo: I call them "Stimulus Stipends," and they're like stimulus payments on steroids. And it only takes a matter of minutes to get started.

Trump's Niece Calls Concessions Tim Walz Made to His Opponent During Tuesday's Debate Shocking: 'Won - Not On Style..But On Substance'

Ex-President Trump's niece said Democrats made a lot of concessions to their rivals in the vice presidential debate held Tuesday.

Vance Vs. Walz: Flash Poll Picks This Candidate As Tuesday's Debate Winner, But He Falls Short In Favorability Rating

The vice presidential debate was far from being confrontational and the two sides avoided personal attacks and deliberated mainly on policies.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Close call at Nashville airport came after planes were directed to same runway, probe shows

WASHINGTON (AP) — Investigators said Wednesday that air traffic controllers cleared an Alaska Airlines jet to take off from Nashville last month after telling pilots of a Southwest Airlines jet to cross the same runway.

China's finance minister says there is room for more economic stimulus but offers no plan

BEIJING (AP) — The Chinese government is looking at additional ways , Finance Minister Lan Fo'an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for.

New Token Poised for Breakout as "Defi 2.0" Takes Off

New Token Poised for Breakout as "Defi 2.0" Takes Off - Ad

Revealed: The #1 DeFi Coin Driving Financial Revolution. Experts hail this as the cornerstone of the new decentralized finance era. While Bitcoin dominates headlines, this governance token is quietly reshaping lending markets. Experts suggest accumulating before institutional money flows in.

Bernie Sanders And AOC Clap Back At Mark Cuban's Push for FCC Chief Shakeup: 'Anyone Goes Near Lina Khan And There Will Be An Out And Out Brawl'

Alexandria Ocasio-Cortez and Bernie Sanders have strongly defended FTC chief Lina Khan and opposed Mark Cuban's suggestions that she be replaced if Kamala Harris becomes president.

In Philadelphia, Chinatown activists rally again to stop development. This time, it's a 76ers arena

PHILADELPHIA (AP) — Vivian Chang works on a narrow Philadelphia street that would have been consumed by a Phillies stadium had Chinatown activists not rallied to defeat the plan in the early 2000s. Instead of 40,000 cheering fans, the squeals of young children now fill the playground at Folk Arts-Cultural Treasures Charter School, which opened in 2007.

This Hidden Player Runs the Country Now

This Hidden Player Runs the Country Now - Ad

Let's face it: Joe Biden was never in control of anything. Neither is Kamala Harris. So, who's really calling the shots? This hidden player who exercises power behind the scenes. That's why I've sent you this note at great personal risk because he will not quit until he takes everything you have.

SpaceX launches rescue mission for 2 NASA astronauts who are stuck in space until next year

CAPE CANAVERAL, Fla. (AP) — SpaceX for the two stuck astronauts at the International Space Station on Saturday, sending up a downsized crew to bring them home but not until next year.

US filings for jobless benefits jump to 258,000, the most in more than a year

The number of Americans filing for for unemployment benefits last week jumped to their highest level in a year, a possible sign of softness in the labor market, though some analysts suggested it was due to recent hurricanes.

The 20 Year Bull Market Is Here - And This Tiny Company Holds the Keys

The 20 Year Bull Market Is Here - And This Tiny Company Holds the Keys - Ad

Without vast amounts of energy, AI will NEVER scale. Microsoft, Tesla and Google are all begging for more. Even signing multi-decade deals to secure private sources of this powerful energy to fuel their data centers.. Best of all, a company with quite possibly the most potential in this sector trades for less than $1...

Elon Musk Resumes Slamming FCC's Decision To Deny Starlink $885M Subsidy After FEMA Sends Its Terminals To Help Hurricane Helene Victims

SpaceX CEO Elon Musk on Monday termed the denial of about $900 million in subsidies to its satellite internet segment Starlink as "contemptible political lawfare."

Larry Hogan Says Trump Questioning Kamala Harris' Intelligence 'Outrageous And Unacceptable': He Is His Own 'Worst Enemy'

Governor Larry Hogan (R) has publicly condemned former President Donald Trump for his disparaging remarks about Vice President Kamala Harris.

Details on the U.S. $7,882 Stimulus

Details on the U.S. $7,882 Stimulus - Ad

The U.S. Government recently announced a new "stimulus program"...And it could hand you a payment for as much as $7,882 -- each quarter. See, it has to do with a leaked 19-page memo...Better still, you can collect these payouts every single quarter -- for life...I call this the "Stimulus Stipends" program.

What's next for oil and gas prices as Middle East tensions heat up?

Oil prices climbed this week as tensions in the escalated. and the Israelis threatened retaliation, raising the possibility of a disruption to the flow of oil from the region. A jump in oil prices automatically spurs fear of a spike in gas prices, but experts see reasons that may not happen.

Tips for shopping for Medicare Advantage plans

Shopping season for Medicare coverage is about to begin. With it comes the annual onslaught of TV ads and choices to consider.

Oil Prices Surge Due to Israel-Iran Conflict

Oil Prices Surge Due to Israel-Iran Conflict - Ad

Time is not on our side. Heightened tension in the Middle East has created a huge supply shock to the global oil industry. But I've found a new way to invest in oil right here in the US. It's not a stock, bond, or private company. It's securely located right in the heartland. And you can get in for under $15.

Mark Cuban's Take on Harris' Tax Policies, Trump Takes Lead In Pennsylvania Poll, DeSantis Refutes Vice President's Accusations And More: Weekend Politics Roundup

The political landscape was buzzing over the week with significant developments. From a surprising poll result in Pennsylvania to billionaire Mark Cuban's critique of Vice President Kamala Harris and Elon Musk, the weekend was filled with intriguing stories. Here's a quick roundup of the top stories from the weekend.

PepsiCo lowers revenue forecast as sales growth weakens

PepsiCo lowered its organic revenue forecast for the year after U.S. consumers continued to on buying its snacks and drinks.

These Stocks Could Surge Despite the Current Downturn

These Stocks Could Surge Despite the Current Downturn - Ad

The market may be down... But when Apple makes this announcement as soon as September 10... These three stocks could start to take off.

Video Shows 2,000-Pound Bombs Used In Israeli Military's Assault On Hezbollah Leader Nasrallah

A video analysis has revealed that the Israeli military's attack, which led to the death of Hezbollah's leader, Hassan Nasrallah, involved the use of 2,000-pound bombs.

Alibaba, Nvidia, Riot Platforms, Celsius Holdings, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Monday, major U.S. indices saw declines, with the Dow Jones Industrial Average slipping 0.9% to 41,954.24, while the S&P 500 dipped nearly 1% to 5,695.94. The Nasdaq dropped 1.2% to 17,923.90. These are the top stocks that gained the attention of retail traders and investors throughout the day:

My TOP Altcoin for Right Now Is...

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Tesla, Uber, AMD, Aehr, And TD Bank: Why These 5 Stocks Are On Investors' Radars Today

The S&P 500, Dow Jones Industrial Average, and the tech-heavy Nasdaq 100 all mirrored the decline falling 0.2%, 0.1%, and 0.05% respectively.

Samsung Warns Of Q3 Profit Drop Amid Shipment Delays Of AI Chip Approved By Nvidia

Samsung Electronics has issued a warning, predicting a significant drop in third-quarter profits, due to various factors including one-time costs and a surge in supply from Chinese rivals.

10X More Profitable Than Physical Gold?

10X More Profitable Than Physical Gold? - Ad

There's a backdoor gold play that could deliver 10 TIMES bigger gains than physical gold. In fact, this single investment has outperformed gold by 10-to-1 over the past 25 years... and FAR outperformed most gold stocks

Elon Musk Joins Fight For Election Reform With Vivek Ramaswamy: What This Could Mean

Elon Musk has publicly endorsed a set of election reforms proposed by Vivek Ramaswamy, describing them as "simple and effective."

House Democrats Urge DEA To Speed Up Cannabis Rescheduling

House Democrats urge the DEA to reschedule cannabis under federal law while hinting at possible future descheduling.

Silicon Valley Insider Reveals AI Retirement Playbook

Silicon Valley Insider Reveals AI Retirement Playbook - Ad

Jeff Brown, who recommended Nvidia in 2016, is sharing his full blueprint to help you retire comfortably using AI investments. Follow his strategy for a secure financial future.

This Chipmaker Jumps Over 16% After Nvidia Rival Signs $750M Deal Under Biden's CHIPS And Science Act

The funding aims to support Wolfspeed's long-term growth and enhance domestic production of silicon carbide, a critical component for electric vehicles, AI data centers, and battery storage systems.

Poll: Hispanic Voters Reconsidering Support For Harris

Vice President Kamala Harris' popularity among Hispanic voters has shown a concerning decline, while former President Donald Trump's appeal within this crucial demographic remains strong.

Prepare for President Kamala

Prepare for President Kamala - Ad

I won't be voting for her. Even so, I'm worried VP Kamala Harris could pull off a victory and become our next president. And it would be much worse than anything you might expect--especially when it comes to your money. Because likely WON'T get a second chance at recovering the money you stand to lose if she takes power.

Profiles in clean energy: Former Shell VP helps create a new way of making clean electricity

When Cindy Taff was a vice president at the giant oil and gas company Shell in Houston, her middle schooler Brianna would sometimes look over her shoulder as she worked from home.

Trending Now