LG Energy Solution to provide Rivian 4695 cylindrical batteries produced in the US for the R2

  • November 7, 2024
  • 0 Comments

Battery manufacturer LG Energy Solution just announced that its Arizona subsidiary has signed a long-term supply agreement with US automaker Rivian for 4695 cylindrical batteries. The cells will be produced at LG Energy Solution Arizona’s new standalone US facility beginning next year and will power Rivian’s upcoming R2 BEVs. LG Energy Solution (LGES) is a […]

Lucid (LCID) has funding for ‘well into 2026’ after Gravity SUV launch, record Q3

  • November 7, 2024
  • 0 Comments

Lucid Motors (LCID) announced it has enough funding for “well into 2026” after releasing third-quarter earnings. After its third straight quarter of record deliveries, Lucid will begin building its first electric SUV, the Gravity, later this year. Lucid has funding for Gravity SUV launch and more “Our momentum continues with our third consecutive quarter of […]

Affirm beats on top and bottom lines

  • November 7, 2024
  • 0 Comments

Affirm, the provider of buy now, pay later loans, reported better-than-expected fiscal first-quarter results. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Loss per share: 31 cents adjusted vs. a loss of 35 cents expected Revenue: $698 million vs. $664 million expected Affirm reported gross merchandise volume, or GMV, of $7.6 billion, […]

Block reports revenue miss but a slight beat on earnings

  • November 7, 2024
  • 0 Comments

Block reported third-quarter revenue on Thursday that trailed Wall Street expectations. The stock initially sold off after hours but erased most of its losses as investors focused more on profitability metrics. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 88 cents adjusted vs. 87 cents expected Revenue: […]

IEA: Countries need to ramp up energy efficiency to hit 2030 target

  • November 7, 2024
  • 0 Comments

Credit: USPS Faster progress on energy efficiency is crucial if we’re going to meet the global 2030 goal, but a year after countries pledged at COP28 to double energy efficiency improvements by 2030, the International Energy Agency (IEA) says we’re still falling short. The latest report from the IEA, “Energy Efficiency 2024,” shows that global […]

Rivian (RIVN) hits a road bump in third-quarter earnings, but things are looking up from here

  • November 7, 2024
  • 0 Comments

EV maker Rivian (RIVN) released its third-quarter financial earnings Thursday after the market closed. With fewer deliveries in the quarter, Rivian’s revenue missed expectations. However, the EV maker promises things are looking up from here. Here’s a breakdown of Rivian’s Q3 2024 financial earnings Earnings preview Yesterday, Electrek posted a preview of what to look […]

CHIME24: Setting the Record Straight on Generative AI

  • November 7, 2024
  • 0 Comments

How Baptist Health Demystified Generative AI “We have a lot of confusing asks every single day,” Miri told a packed meeting room of other healthcare leaders. “Doesn’t matter what size organization, you’re dealing with a lot of noise.” Often, healthcare organizations immediately jump to wanting ROI, though many leaders believe it’s difficult to find ROI […]