Tesla has applied to become a Texas electricity provider
Tesla filed an application with the Texas Public Utility Commission to sell electricity in the state as the company’s big battery build-out in Angleton, Texas comes online
The company aims to connect a 100 megawatt energy storage system to the grid and has already built several utility-scale energy storage systems across the globe
Disappointing earnings cause Peloton stock to fall
On August 26, Peloton reported that revenue growth in their 4th fiscal quarter dropped off dramatically
The company posted a bigger-than-expected loss as costs from its treadmill recall mounted and also offered up a disappointing revenue outlook for its 2022 first quarter
Ford F-150 pickup truck production cut due to chip shortage
Due to the ongoing semiconductor shortage, Ford is cutting production of another one of their vehicles, their F-150 pickup truck along with 2 others starting August 30
The two other vehicles experiencing the cut in production are the Ford Edge and Lincoln Nautilus crossovers
Ford has been impacted particularly hard by the lack of chips, losing about 50% of its planned production in the second quarter.
K Buenavista
Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.