Navigating the rough path of electric vehicle makers
Well, it seems the EV market is a tad more cutthroat than anticipated, with pricing pressure mounting like the suspense in a bad thriller movie.
Most interesting startup stories this weekStaying in the world of automotive, there’s been a lot of movement from the avant-garde of EV manufacturers.
These price adjustments from Ford and Lucid come hot on the heels of EV industry poster child Tesla’s price reductions, suggesting that the EV market is maturing and that customers are becoming more price conscious.
Despite all their rage, they’re still just a rat in a Faraday cage: Struggling EV startup Faraday Future owes the landlord of its Los Angeles headquarters nearly $1 million after missing the last two months’ rent.
This week’s big trend: The AI train keeps rumblin’ alongOpenAI has introduced a new generative AI model named Sora, capable of creating videos from text descriptions or still images.
