It's TV news briefly for Thursday 24th of October.

Everything you've been in less than five minutes if you haven't got time for the full podcast today.

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North Vault's Europe's big hope of a battery gigafactory is on the verge of a financial rescue package,

which means the wages will be paid this month.

I had no idea that it was

quite that bad at North Pole. Volvo is revising their growth forecast after a very, very

strong start to the X30, the first 12 months of the year over in its life, 100,000 X30s

sold, doing really well. Volvo's about 50% plug-in, about 25% pure Bev is their business,

operating profit of 550 million in the third quarter. Great news for Volvo, just revising down

slightly their growth forecast from, which was around 12% down to about 8%, but still going to be a

very good year.

They say some uncertainty in the market.

And wow, Tesla's earnings came out and they are once again an 8% revenue growth totaling $25.2 billion on the quarter and lowering the cost of goods sold.

Once again, the automotive margins are going back up. Margins are improving, which hasn't been a case of Tesla for a while. That's even if you

strip out the tax credit or regulatory credits and stuff that the competition, the other car

makers buy from them. They said that new models would be launched in 2025, cheaper new models, but I read that

and I understand that as cheaper versions of their current cars.

Now, I think because they call their cars models, the Model 3 model, like, you know,

that a lot of the headlines written today, a lot of the media have gone, models, the Model 3 model, you know, that a lot of the headlines written today,

a lot of the media have gone, oh, there's a new model in 2025. The Model 2 is confirmed.

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