Volkswagen’s PowerCo battery subsidiary has halved the planned capacity of its Salzgitter plant in Germany due to financial pressures and declining demand for electric vehicles. The company will now only build one production line, leading to concerns about job losses and a potential permanent abandonment of the second line.
Jon McNeill, former Tesla president and current DVx Ventures CEO, shared insights on Tesla’s quarterly earnings and the company’s roadmap. He discussed demand challenges, upcoming affordable EV models, Elon Musk’s autonomous vehicle aspirations, and the broader EV market outlook.
Despite record revenues, Tesla reports falling profits due to price cuts and slowing demand. CEO Elon Musk faces scrutiny over暂停 Model 2 development and prioritizing the robotaxi project. The company acknowledges industry challenges and expresses preference for EV adoption.
