First up, Stellantis is in hot water with its shareholders. The automaker is getting hit with a lawsuit from its U.S. investors, who claim Stellantis misled them about rising inventories and other issues before dropping some seriously disappointing earnings.
That news sent the stock plummeting nearly 10%. The lawsuit, filed in Manhattan federal court, argues Stellantis inflated its stock price by giving overly rosy assessments, only for the truth to come out in July when earnings didn’t meet expectations. Stellantis is calling the lawsuit baseless, but it’s not a great look for the company.
Next, Rivian is hitting pause on production of its Amazon delivery vans due to—you guessed it—a parts shortage. The electric vehicle maker hasn’t specified which part is causing the issue, but they’re confident they can make up for the lost production.
This is just the latest in a series of supply chain headaches for Rivian, which has been under pressure as Amazon, one of its biggest investors, has ordered 100,000 vans to be delivered by 2030. Despite this, Rivian assures us that production of their other vehicles remains on track.
And finally, do we really need DC fast charging? Kevin Williams doesn’t think so. After putting 1,000 miles on a Hyundai Kona using only Level 1 and Level 2 charging, he’s questioning the obsession with those high-speed chargers that act like gas stations.
Williams argues that for daily driving, most of us don’t need DC fast charging at all. Instead, he’s advocating for more Level 2 infrastructure—slower, but more accessible and better suited to the way most people actually use their EVs.
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