TEN 299 - RIVIAN GETS BILLIONS, TESLA GETS TEXAS TAX BREAKS, EQC CALLED "BORING"

EV Channels Review

This episode of Transport Evolved News covers a range of industry updates, with a significant focus on funding rounds and new model developments. Rivian's substantial $2.5 billion funding round, including investment from Tesla stakeholders, highlights strong investor confidence. Elon Musk's comments on Tesla's progress towards Level 5 autonomy are presented with a necessary dose of realism, emphasizing 'basic functionality' rather than immediate full deployment. The Audi Q4 e-tron Sportback concept is introduced as a stylish coupe-alternative SUV built on the MEB platform, slated for production in 2021. The review also touches on Tesla securing tax breaks for its Austin Gigafactory, BMW's iX3 production debut, and the surprising price markups on the Toyota RAV4 Prime due to battery supply issues. A notable point of criticism is leveled against the Mercedes-Benz EQC, with a shareholder calling it 'too late, too expensive, and too boring,' contrasting it with Tesla's sales volume. The show concludes with various smaller news items, including EV startups seeking PPP funds and advancements in charging technology.