Dyson’s EV Plans, GM CEO Meets With UAW, New Panasonic VP (10.10.19)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 11 October 2019
⏱️ 7 minutes
🧾️ Download transcript
Summary
– Update on Dyson’s electric vehicle plans
– UAW sources comment on electric and autonomous vehicles
– Panasonic hires new VP of battery technology
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Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
The post Dyson’s EV Plans, GM CEO Meets With UAW, New Panasonic VP (10.10.19) appeared first on TechCast Daily.
Transcript
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| 0:00.0 | Hello and welcome to the Thursday October 10th |
| 0:09.6 | 2019 edition of Tesla Daily on official Tesla Podcast. |
| 0:13.3 | My name is Rob Maower. |
| 0:14.0 | Today we're talking about Dyson's electric vehicle efforts, |
| 0:16.8 | as well as an update on the United Auto Workers' Strike. |
| 0:19.7 | Tesla stock on the day today, |
| 0:21.1 | rallying towards the end of the day to barely finish in the green up 0.1 percent, |
| 0:26.5 | that compared to the NASDAQ up 0.6 percent. |
| 0:29.5 | All right, so in the news today we have an update from Dyson on their electric vehicle efforts. |
| 0:34.2 | James Dyson of course the founder of the company sent an email to the entire staff of Dyson, |
| 0:39.2 | a copy of which was obtained by The Verge, and in that he said, quote, |
| 0:43.6 | the Dyson Automotive team has developed a fantastic car. |
| 0:46.5 | They have been ingenious in their approach |
| 0:48.5 | while remaining faithful to our philosophies. |
| 0:50.6 | However, though we have tried very hard |
| 0:52.4 | throughout the development process, we simply can no longer |
| 0:54.9 | see a way to make it commercially viable." |
| 0:57.1 | End quote. |
| 0:58.1 | So, Dyson moving on from their electric vehicle ambitions, which we first learned of in 2017. |
| 1:03.8 | They've had about 600 people working on this project internally, |
| 1:07.8 | which makes up about 5% of their global workforce. |
| 1:11.1 | So that's a pretty significant percentage of the company when you consider the fact that |
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