Tesla

Under 1% of unicorns are profiting at scale with true business success despite $1 billion-plus valuations--Bain & Company analysis

Retrieved on: 
Thursday, November 9, 2023

Of some 225,000 companies founded during the past 20 years, only around 2,500 have achieved $1 billion market valuations (including public and private businesses).

Key Points: 
  • Of some 225,000 companies founded during the past 20 years, only around 2,500 have achieved $1 billion market valuations (including public and private businesses).
  • And just 15 companies generate more than $1 billion in cash and revenues – a tiny subset of unicorns that have transformed their marketplaces.
  • The 15 established and scale insurgent businesses that have achieved this status make up just 0.7% of the total number of unicorns.
  • They are focused on rapidly scaling a powerful customer franchise and building a cash generative business that can sustain itself.

Sunnova Drives Clean Energy Transformation in Puerto Rico

Retrieved on: 
Wednesday, November 8, 2023

Sunnova Energy International Inc. ("Sunnova"), Puerto Rico's largest residential solar and battery storage services company, remains steadfast in its mission to provide affordable, reliable, and sustainable energy solutions to Puerto Rico and beyond.

Key Points: 
  • Sunnova Energy International Inc. ("Sunnova"), Puerto Rico's largest residential solar and battery storage services company, remains steadfast in its mission to provide affordable, reliable, and sustainable energy solutions to Puerto Rico and beyond.
  • View the full release here: https://www.businesswire.com/news/home/20231108825780/en/
    Expanding Sunnova Sentient Virtual Power Plant (VPP) Platform to Puerto Rico to participate in LUMA's Customer Battery Energy Sharing (CBES) Program:
    Sunnova is expanding its Sunnova Sentient Virtual Power Plant (VPP) platform through the Sunnova Power Flex Program, in partnership with LUMA's Customer Battery Energy Sharing (CBES) program in Puerto Rico.
  • Through voluntary enrollment in the Sunnova Flex Power Program, customers will actively contribute to the strengthening of the grid, ensuring a dependable power supply for the people of Puerto Rico.
  • Through our partnership with Sunnova, we are laying the foundation for a more resilient grid in Puerto Rico supported by clean, affordable, and reliable power,” said Drew Baglino, Senior Vice President, Powertrain and Energy at Tesla.

LOST MONEY IN XPEL, INC.? Gibbs Law Group Investigates Potential Securities Law Violations

Retrieved on: 
Thursday, November 9, 2023

Previously, XPEL plummeted over 17% on October 19, 2023 after Culper Research published a report alleging that the company “grossly understated its substantial reliance on Tesla” and also “is concealing a massive undisclosed risk.” Gibbs Law Group is investigating a potential XPEL Securities Class Action Lawsuit on behalf of shareholders who lost money in XPEL, Inc. (NASDAQ:XPEL).

Key Points: 
  • Previously, XPEL plummeted over 17% on October 19, 2023 after Culper Research published a report alleging that the company “grossly understated its substantial reliance on Tesla” and also “is concealing a massive undisclosed risk.” Gibbs Law Group is investigating a potential XPEL Securities Class Action Lawsuit on behalf of shareholders who lost money in XPEL, Inc. (NASDAQ:XPEL).
  • To speak with an attorney regarding this class action lawsuit investigation, click here or call (888) 410-2925.
  • On Thursday, October 19, 2023, Culper Research published a report alleging that protective film and coating company XPEL, Inc. has been concealing and misstating its vulnerabilities.
  • Our investigation concerns whether XPEL, Inc. has violated federal securities laws by providing false or misleading statements to investors.

End-to-End Autonomous Driving and Modular Systems: Navigating the Future of ADAS Technology

Retrieved on: 
Thursday, November 9, 2023

In August 2023, Tesla showcased its AI-driven FSD V12, an end-to-end autonomous driving system, marking a significant milestone in autonomous driving.

Key Points: 
  • In August 2023, Tesla showcased its AI-driven FSD V12, an end-to-end autonomous driving system, marking a significant milestone in autonomous driving.
  • FSD V12 relies on large AI models, reducing the traditional codebase and achieving remarkable autonomous driving performance.
  • The report distinguishes between end-to-end autonomous driving and modular autonomous driving systems.
  • The Role of Large AI Models:
    The transition to urban NOA presents new challenges and corner cases for autonomous driving models.

S&P Global Mobility Survey Finds EV Affordability tops Charging and Range Concerns in Slowing EV Demand

Retrieved on: 
Wednesday, November 8, 2023

SOUTHFIELD, Mich., Nov. 8, 2023 /PRNewswire/ -- Although range anxiety and the charging network remain reasons to hesitate, a recent global survey of consumers showed that potential EV buyers are most concerned about the impact to their wallet. What's more, this is not just a US-market phenomenon. It's affecting consumers worldwide – even in regions where EVs have made significant market inroads. 

Key Points: 
  • That said, improved electric vehicle range, and the increased number of model choices, have moved down consumers' list of reasons to avoid purchasing an EV.
  • Just 58% of 2019 S&P Global Mobility survey respondents were open to purchasing an EV, as luxury-priced models dominated the early EV market.
  • Buyer willingness soared, with 86% of global respondents being open to acquire an EV.
  • Charging concerns are second only to vehicle cost among reasons cited for those respondents against buying an EV.

From Lingang to the World: Lin-gang Exhibition Area debuts at 6th CIIE

Retrieved on: 
Wednesday, November 8, 2023

The 2,700 square meter Lin-gang Exhibition Area was jointly organized by the administrative committee of Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone ("Lin-gang Special Area") and Shanghai Lingang Economic Development (Group) Co., Ltd. ("Lingang Group").

Key Points: 
  • The 2,700 square meter Lin-gang Exhibition Area was jointly organized by the administrative committee of Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone ("Lin-gang Special Area") and Shanghai Lingang Economic Development (Group) Co., Ltd. ("Lingang Group").
  • The 2,700 square meter area has been divided into four zones: special exhibition zone for enterprises, semi-open exhibition zone, standard exhibition zone for enterprises and functional zone.
  • During this CIIE, the Lin-gang Exhibition Area will host nearly 100 high-level events, including signing ceremonies, result launches, international exchanges, industry seminars and global roadshows.
  • "The 2,700 square meter Lin-gang Exhibition Area has become a collective stage to display the high-quality achievements of foreign-invested companies in Shanghai, especially those in Lin-gang Special Area.

From Lingang to the World: Lin-gang Exhibition Area debuts at 6th CIIE

Retrieved on: 
Wednesday, November 8, 2023

The 2,700 square meter Lin-gang Exhibition Area was jointly organized by the administrative committee of Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone ("Lin-gang Special Area") and Shanghai Lingang Economic Development (Group) Co., Ltd. ("Lingang Group").

Key Points: 
  • The 2,700 square meter Lin-gang Exhibition Area was jointly organized by the administrative committee of Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone ("Lin-gang Special Area") and Shanghai Lingang Economic Development (Group) Co., Ltd. ("Lingang Group").
  • The 2,700 square meter area has been divided into four zones: special exhibition zone for enterprises, semi-open exhibition zone, standard exhibition zone for enterprises and functional zone.
  • During this CIIE, the Lin-gang Exhibition Area will host nearly 100 high-level events, including signing ceremonies, result launches, international exchanges, industry seminars and global roadshows.
  • "The 2,700 square meter Lin-gang Exhibition Area has become a collective stage to display the high-quality achievements of foreign-invested companies in Shanghai, especially those in Lin-gang Special Area.

Arevon Completes Financing on Nation's First Utility-Scale Solar Peaker Project Using the IRA's Transferability Provision

Retrieved on: 
Wednesday, November 8, 2023

NEW YORK and SCOTTSDALE, Ariz., Nov. 8, 2023 /PRNewswire/ -- Arevon Energy, Inc. today announced it has closed financing on the Vikings solar-plus-storage project with a combination of debt financing and tax credit transfer. Arevon secured a commitment with J.P. Morgan to purchase $191 million of investment tax credits and production tax credits, among the nation's first transactions announced to date that leverage the Inflation Reduction Act's transferability provision. The additional $338 million debt facility was financed with MUFG, BNP Paribas, Sumitomo Mitsui Banking Corporation, and First Citizens Bank, who acted as Coordinating Lead Arrangers. National Bank of Canada also participated as a lender.

Key Points: 
  • The IRA's transferability tax credit provision allows for the simple transfer of tax credits from project owners to profitable taxpayers, according to the EPA's Green Power Markets Summary .
  • In June of 2023, the U.S. Treasury released guidance on the tax credit transferability mechanisms established by last year's IRA.
  • "This solar peaking project concept is a key strategy for Arevon, and we are grateful to our financing parties for their support on this groundbreaking financing using tax credit transferability."
  • Stoel Rives represented Arevon as legal counsel; Milbank LLP served as transfer counsel; and Winston & Strawn LLP served as lender counsel.

Making money green: Australia takes its first steps towards a net zero finance strategy

Retrieved on: 
Wednesday, November 8, 2023

This article is part of a series by The Conversation, Getting to Zero, examining Australia’s energy transition.

Key Points: 
  • This article is part of a series by The Conversation, Getting to Zero, examining Australia’s energy transition.
  • Just north of Jamestown in South Australia, 70 kilometres east of the Spencer Gulf and next to a wind farm of nearly 100 turbines, stands the world’s first big battery.
  • Australia aspires not only to transition its economy to net zero emissions, but to become a green energy superpower.

The size of the green finance challenge

  • These financial flows need to grow by 21% a year, on average.
  • Without this enormous increase, the economic transition will not happen in time to avoid the worst impacts of climate change.
  • Successive Australian governments have been slow to grasp this reality, and we are now playing catch-up with many other countries.

Australia releases its strategy

  • The Australian government’s Sustainable Finance Strategy, released by Treasurer Jim Chalmers last Thursday, lays solid foundations for this recovery.
  • Yet more needs to be done if Australia is to achieve the strategy’s stated ambition to be a global sustainability finance leader.
  • The strategy is arranged around three core pillars.
  • Read more:
    How to beat 'rollout rage': the environment-versus-climate battle dividing regional Australia

    Large companies will also be required to disclose their net zero transition plan, if they have one.

Fighting greenwashing

  • ASIC Deputy Chair Karen Chester believes the economic cost and loss of investor confidence caused by greenwashing “cannot be overstated”.
  • Her organisation has set out guidelines to help financial institutions identify it.
  • These bonds are designed to establish standards for lending and borrowing for all green finance; they will also help the government to fund projects such as electric vehicle charging infrastructure.

What’s missing from the strategy?

  • And Australia ranks only 30th in a list of countries on its share of talent for green finance.
  • If the financing of the transition were a bicycle race, Australia has now caught up to the global peloton.


Alison Atherton is a member of the Australian Sustainable Finance Institute's Capability Reference Group Gordon Noble does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

NOA Technologies Reshape the Landscape of Advanced Driver Assistance Systems (ADAS) Industry in 2023 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, November 7, 2023

The landscape of the Advanced Driver Assistance Systems (ADAS) industry is undergoing rapid transformations, driven by the integration of large AI models and the emergence of Navigation on Autopilot (NOA) technologies.

Key Points: 
  • The landscape of the Advanced Driver Assistance Systems (ADAS) industry is undergoing rapid transformations, driven by the integration of large AI models and the emergence of Navigation on Autopilot (NOA) technologies.
  • However, the industry took an unexpected turn in 2023, with Original Equipment Manufacturers (OEMs) facing cost pressures and shifting their focus towards NOA solutions.
  • In 2023, competition and innovation in the ADAS industry have pivoted towards highway NOA and urban NOA, thanks to companies like Huawei, Haomo.ai, Baidu, and emerging automakers.
  • Impact on the ADAS Industry:
    The industry now faces critical questions about its future direction and how to navigate the challenges presented by large AI models and NOA technologies.