Recent Electric Vehicle Sector Highlights

Tesla may find a potential Trump presidency favorable, raising its bullish prospects in the EV sector, according to analyst Dan Ives In international ventures, Tesla's Gigafactory Shanghai has seen significant success, prompting other companies to seek similar opportunities For instance, Toyota is negotiating privileges akin to Tesla's for a new electric Lexus plant in Shanghai. Meanwhile, Tesla's Gigafactory Berlin enhances employee morale with unique amenities like an in-house 'rave cave' and continues to play a vital role in ramping up Tesla's global production Additionally, reports note that the company's Lathrop Megafactory in California is focused on Megapack production as it approaches the end of the second quarter of 2024 In other EV news, the Tesla Model 3 Long Range recently became eligible for a $7,500 US tax credit. Also attracting attention in the tech world is Amazon, whose Project Kuiper, a competitor to Starlink, faces delays with its first satellite launch now postponed to Q4 2024.