Month: July 2023

Jul 20

Tesla’s New 4680 Cells Enhance Cybertruck’s Energy Efficiency

Exciting Advances in Battery Technology

Tesla’s latest update reveals that the Cybertruck will feature an upgraded version of its 4680 battery cells, promising a 10% boost in energy density compared to current models. This enhancement, announced during the Q2 earnings call, is the result of advanced process improvements and design optimizations, according to Tesla’s senior VP Drew Baglino. This increase is particularly noteworthy as it surpasses the energy density of Tesla’s existing 2170 cells and hints at substantial advancements in battery technology.

Impact on Performance and Production

The energy density improvement could potentially extend the Cybertruck’s driving range or allow for a more compact battery pack without compromising performance. However, Tesla has not yet clarified the exact benefits this will bring to consumers. Alongside this development, Tesla’s production of 4680 cells at its Texas facility surged by 80% in the second quarter, reflecting significant progress and a 25% reduction in production costs due to decreased raw material expenses. These strides are a promising sign of Tesla’s commitment to reducing battery costs and enhancing efficiency in line with the goals set at the 2020 Battery Day event.

Jul 20

Jim Cramer’s top 10 things to watch in the stock market Thursday

My top 10 things to watch Thursday, July 20

1. Very confusing day. Quarterly releases from Tesla (TSLA) and Netflix (NFLX) were both very good but the market is overbought. Megacaps stumble. Just a breather. Getting defensive and giving the Dow a chance to shine. The 30-stock average on Wednesday completed an eight-session winning streak for the first time since September 2019. However, the Dow’s year-to-date gains still lag way behind the S&P 500 and the star of 2023, the Nasdaq.

2. Tesla shares down nearly 4%. Wall Street nitpicking on margins. Production is fabulous. Best selling car in Europe. More aggressive ramp for Cybertruck. Ready to roll with full self-driving. Cars won’t depreciate. Tesla will have to use Club name Nvidia (NVDA) tech because more computing power is needed. Can’t believe Musk has so much free cash flow despite all of that. Long-term Tesla shareholders must hold on. Short termers will take profits.

3. Taiwan Semiconductor Manufacturing Company (TSM) is NOT a reflection on Nvidia even as everyone thinks so. I say that because the weakness at TSMC is because of lower-end Chinese CPUs, not the high-end GPUs that Nvidia is known for. China’s weakness is the issue with Taiwan Semi, and it is surprising.

4. Elon Musk says Nvidia has all the GPUs that everyone needs. I know it will be tough to believe in AI after the TSMC chief’s “frenzy” comment and how it is not sustainable. It’s pretty easy to see that the demand is picking up but not as fast as CPUs are falling down.

5. Netflix shares down more than 5%. The video streaming giant has not worked out ad tier yet but an ad subscriber is worth much more than a usual sub. Revenue per user is that great. Advertisers love it., Can handle the Hollywood strike better than others. Bears fixated on how is it possible that there isn’t more growth in U.S., but everyone has it who wants it and now the question is will they pay more. Netflix can raise the price and it will drive people to ad tier, which is perfect for them. Long-termers will hold it. Short-termer will sell it.

6. IBM (IBM) tells a good story as always, but I think that its hybrid strategy goes only so far. Much better to own Oracle (ORCL). IBM still not growing but growing faster than it was. The stock down modestly.

7. Club name Johnson & Johnson (JNJ) reports better-than-expected quarterly earnings-per-share (EPS) and revenue. Boosts full-year guidance on adjusted EPS to $10.70 to $10.80 and revenue to $99.3 billion to $100.3 billion. Is it that talc litigation is what really matters? J&J has been ordered to pay $18.8 million in a California case. Does that put the company’s $8.9 billion settlement offer in jeopardy?

8. Mizuho raises price target on Club holding Salesforce (CRM) to $260 per share from $250. Keeps buy rating. Cites rollout to most CRM customers new GPT artificial intelligence capabilities. We wrote about it Wednesday in story that also looked at what Club names Apple (AAPL) and Microsoft (MSFT) are doing.

9. Kenvue (KVUE), formerly Johnson and Johnson’s consumer health division, beat estimates in its first quarterly report since its IPO in May. J&J still owns a largo part of Kenvue.

10. American Airlines (AAL) beat on quarter EPS and revenue. Boosts outlook. United Airlines (UAL) beat on both top and bottom lines in the second quarter. Forecasts strong Q3.

Jul 20

Potential Drawbacks of the Tesla Model 3 Performance: What to Watch For

Common Issues with the Model 3 Performance

Ben, a proud owner of a Tesla Model 3 Performance, shares his experience with the electric car, highlighting that while he loves it, there are a few aspects to be aware of. Despite his overall satisfaction and willingness to recommend the vehicle, he notes that, like any car, the Model 3 isn’t without its flaws. If you’re considering purchasing this model, it’s important to understand both its strengths and areas for improvement.

Key Areas of Concern

One notable issue is the Model 3’s low ground clearance, which can be problematic for some drivers, particularly in areas with uneven roads or driveways. Additionally, the car’s unique door handles might take some getting used to; testing them during a test drive can help you adapt more quickly. Another concern is the forward collision warning system, which Ben finds excessively sensitive even at its lowest setting—though it’s designed to enhance safety, it can sometimes be overbearing.

Ben also mentions some challenges with Tesla’s Autopilot, particularly the frequent phantom braking, which can be frustrating despite its overall utility. Another minor annoyance includes the automatic wipers, which may not perform as well as expected, along with a noticeably loud fan.

Jul 20

2023 Lucid Air Pure Review: Is the Base Model Worth the $100,000 Price Tag?

Evaluating the Features and Performance of the Lucid Air Pure

The 2023 Lucid Air Pure, positioned as the entry-level model in Lucid’s electric vehicle lineup, starts at around $95,000, but prices can exceed $112,000 with added options. This price range places it squarely among premium EVs. With a dual-motor all-wheel-drive system delivering 480 horsepower, the Air Pure accelerates from 0 to 60 mph in a notable 3.6 seconds, showcasing its impressive performance credentials.

What the Base Trim Lacks in Luxury and Practicality

Although the Lucid Air Pure is powerful, it doesn’t quite hit the mark for luxury at its price level. It offers a single interior color and lacks features like ventilated seats, which are often standard in its competitors’ models. While it includes a high-resolution 7-inch touchscreen and quality materials, it falls short in offering the extensive customization that many luxury buyers expect.

Is the Lucid Air Pure a Worthwhile Purchase?

The Lucid Air Pure may appeal as a more affordable entry point to the Lucid brand, but its value might be limited compared to higher trims or rival luxury EVs. Buyers looking for enhanced features and more personalization might find better value in the Air Touring or Grand Touring models. While the Air Pure introduces potential owners to Lucid’s innovative design and technology, those seeking the full luxury experience might prefer to invest in higher-tier models.

Jul 20

Kent County Deputies on the Hunt for Two Suspects After Stolen SUV Crash

Search Intensifies for Suspects Following Stolen SUV Incident

Kent County deputies are actively searching for two suspects who fled the scene after a stolen SUV was involved in a serious accident. According to the Kent County Sheriff’s Office (KCSO), multiple law enforcement agencies responded to the crash that occurred early Thursday morning at the intersection of East Beltline and Burton. The stolen vehicle, reported missing from Ada Township around 6:30 a.m., was eventually found near Centerpoint about an hour later.

Details of the Crash and Subsequent Pursuit

The stolen SUV was initially spotted outside Planet Fitness before it sped off, eventually running a stoplight at Burton Street and colliding with another vehicle. The crash caused the second vehicle to overturn, injuring a 25-year-old man from Grand Rapids, who was hospitalized with non-life-threatening injuries. The collision also resulted in a broken utility pole, and dashcam footage of the incident has been released by the sheriff’s office.

Progress in the Investigation and Ongoing Search

After the crash, five suspects fled the scene, with one being captured by a civilian and handed over to authorities. Police managed to apprehend two more suspects, but two individuals remain at large. Among those arrested, three are teens—a 14-year-old, a 15-year-old, and an 18-year-old, with one suspect hospitalized. Deputies are continuing their efforts to locate the remaining fugitives. The KCSO has acknowledged the support from Michigan State Police and local departments in the investigation.

Rising Concerns Over Stolen Vehicles

This incident is part of a larger trend, with the KCSO noting an increase in stolen vehicle reports this year compared to the same period last year. So far, 187 stolen vehicle cases have been investigated in 2024, up from 178 cases at this time last year.

Jul 20

Record-Breaking Growth in Spain’s Plug-In Car Market for June 2023

Surge in Electric Vehicle Registrations and Market Share

In June 2023, Spain saw a remarkable rise in new car registrations, reaching a total of 102,268 units, marking a 12.4% increase compared to the previous year. This growth is a significant milestone, bringing the first half of the year’s total to over 511,000 registrations, an impressive 23% rise from last year. Notably, the market for plug-in electric vehicles has surged, reflecting a broader shift towards more sustainable automotive options.

Breakthrough for Plug-In Electric Vehicles

The plug-in electric vehicle segment, including both all-electric and plug-in hybrids, achieved a record 12,405 new registrations in June alone, representing a 66% increase year-over-year. All-electric cars, or BEVs, accounted for 5,891 of these registrations, showing an extraordinary 85% year-over-year growth and a 5.8% market share. Plug-in hybrids (PHEVs) also saw a substantial rise, with 6,514 units registered, up 52% from the previous year.

Year-to-Date Growth and Future Trends

So far in 2023, Spain has registered over 57,000 new plug-in vehicles, marking a 48% increase from last year and representing 11% of the total market. With a strong year-to-date performance, it’s anticipated that annual registrations will exceed 100,000 for the first time. The dominance of BEVs over PHEVs is expected to continue, driven by their faster growth rate.

Popular Models and Market Shifts

The Tesla Model Y leads the pack as the top-selling all-electric car in Spain this year, followed by the MG4 Electric and Tesla Model 3. Interestingly, three of the top five best-selling BEVs are produced in China, highlighting the shifting dynamics in the European automotive market. This trend signals a critical moment for European manufacturers to adapt or risk losing market share.

Jul 20

Best Deal of the Year: OtterBox MagSafe Car Vent Mount Now Just $26

Unbeatable Offer on the OtterBox Performance Car Vent Mount

Amazon is currently offering the OtterBox Performance Car Vent Mount for MagSafe at an impressive $26.38, a significant drop from its regular $40 price tag. This 34% discount marks the lowest price available for this mount, which hasn’t been this affordable since last Black Friday. The mount is compatible with iPhone 12, 13, and 14 models, providing a secure magnetic connection that ensures your device stays in place during your drives.

Features and Alternatives to Consider

The OtterBox Performance Car Vent Mount features a robust magnetic alignment and a design that clips seamlessly into your car’s vent. It offers adjustable viewing angles, allowing you to position your iPhone in either landscape or portrait mode effortlessly. For those exploring other options, iOttie’s Velox Magnetic Car Mount presents a streamlined alternative at a lower price, while their new Easy One Touch 6 mounts offer the latest in car mount technology. For a wide array of smartphone accessories and deals, check out our hub, featuring discounts on cases, chargers, and more.

Jul 20

Transform Your Car with a “New Car Shine and Smell” Using These Simple Tips

Essential Steps for a Fresh Vehicle Interior

Achieving that “new car” shine and fragrance is easier than you might think. Start by clearing out any trash or unnecessary items from your vehicle, including food wrappers and old receipts. Remove items you wish to keep, like car seats or tools, and take out the floor mats for a thorough wash.

Effective Exterior and Interior Cleaning Techniques

To prep your car’s exterior, apply a snow foam wash with a pressure washer or hose to eliminate surface grime. Focus on cleaning the wheels and tires thoroughly. For the interior, use a dry brush to sweep away dirt from upholstery before vacuuming, and treat stains with bicarbonate of soda for a fresh scent.

Maintaining That “New Car” Feel

For a sparkling finish, mix car cleaner with warm water and use a microfiber sponge to scrub the paintwork in circular motions, rinsing the sponge frequently. To ensure a new car smell, consider a professional air conditioning treatment to eliminate bacteria. For ongoing cleanliness, use silicone cupcake liners in cup holders to simplify maintenance and keep your car looking pristine.

Jul 20

Police continue search after report of SUV submerged in Missouri River

The Kansas City Fire Department received a call at approximately 6 a.m. Thursday morning stating that an eyewitness saw a small grey SUV sinking in the Missouri River near the Choteau Bridge.

KCFD dispatched the rescue division with boats and drones.

Upon arrival, emergency personnel found the eyewitness who was waiting to be picked up by a tug boat for work. This individual said the SUV went under the water closer to the River Front Boat Ramp approximately 50 yards off the bank. The witness said that the vehicle did not have anyone in it.

At that point, KCFD suspended the river operation. KCFD transferred command to the Kansas City Police Department.

The Missouri Highway Patrol will send in a dive team today for further inspection.

Copyright 2023 KCTV. All rights reserved.

Jul 20

KCFD: Search for a sinking SUV in the Missouri River

Kansas City Fire crews are on the search for an SUV in the Missouri River Thursday morning.

At 6 a.m. a passerby called in what they say was a gray-colored SUV slowly submerging into the river off Choteau Bridge, southbound.

Emergency crews have a drone up searching for signs of anything matching that description in the water. There is no word if anyone was in the vehicle but of course, crews are looking.

In addition to drones, authorities have a command set up at the Front Street ramp with search boats going into the water.

KCTV5 has multiple crews en route to the scene and will update on air and online as information becomes available.

Copyright 2023 KCTV. All rights reserved.