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Volkswagen loses Chief Strategy Officer for EV push, but finds suitable replacement in-house

Credit: Volkswagen

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Volkswagen will promote Andreas Walingen to the position of Chief Strategy Officer on May 1, 2021, after Michael Jost announced he would leave his position to focus on personal projects. Jost was a crucial part of Volkswagen’s electric vehicle push, but Walingen presents a suitable and ideal replacement for the German automaker moving forward.

Earlier this month, Jost announced that he would be leaving Volkswagen to develop smart boats with his family. His personal website included a post that detailed the decision, which mainly comes from a lack of family time.

“Since 1996, I am leading a weekend-marriage and -family. Now corona has brought me home, and we’ve realized that we can live together. I want to stay here. I thank you all, and I do apologize if it was ‘too much’ sometimes,” Jost said. Jost has been with VW AG since 2010, working for Skoda, a subsidiary of Volkswagen. In 2018, he assumed the position of Head of Group Strategy Product, where he was widely responsible for helping VW become the leader in EVs.

“What’s next? After smart cars, it’s now smart boats, a nautical passion that I want to devote myself to with my family,” he added.

Volkswagen CEO Ralf Brandstätter said many kind things about Jost, complimenting him for his years of service and his contributions to VW’s EV push. “Michael Jost is one of the most important pioneers of our e-offensive. With his shrewd analyses and bold visions, he has accelerated the transformation of our company and contributed greatly to the success of this change,” Brandstätter said. “On behalf of the Board of Management, I would like to sincerely thank him for his passionate commitment to our brand and wish him all the best for the future.”

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Now, Andreas Walingen will take over the position with plenty of familiarity. Walingnen worked for Porsche in 2001, and in 2007, became Project Manager in Corporate Strategy. His role focused on developing synergies between Porsche and Volkswagen. From 2012 to 2018, Porsche gave Walingen management positions that focused on Organizational Development, Product Management, and End-to-End Electronics Architecture. In 2019, Volkswagen brought him on full-time as the head of Group Product Strategy, where he focused on the transformation of VW’s focus to electromobility.

Andreas Walingen (Credit: Volkswagen)

Volkswagen’s electric vehicle project is moving forward with the product launches of the ID. family, beginning with the ID.3 and ID.4. Both vehicles have already been released and are being met with mixed reviews. Volkswagen has admittedly struggled with software issues in the past, but the promotion of Walingen could solve some issues moving forward.

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Tesla bear turns bullish for two reasons as stock continues boost

“I think from a trading perspective, it looks very interesting,” Nathan said, citing numerous signs of strength, such as holding its 200-day moving average and holding against its resistance level.

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Credit: Tesla Manufacturing

A Tesla bear is changing his tune, turning bullish for two reasons as the company’s stock has continued to get a boost over the past month.

Dan Nathan, a notorious skeptic of Tesla shares, said he is changing his tune, at least in the short term, on the company’s stock because of “technicals and sentiment,” believing the company is on track for a strong Q3, but also an investment story that will slowly veer away from its automotive business.

“I think from a trading perspective, it looks very interesting,” Nathan said, citing numerous signs of strength, such as holding its 200-day moving average and holding against its resistance level.

He also said he believes a rally for the stock could continue as it heads into the end of the quarter, especially as the $7,500 electric vehicle tax credit is coming to an end at the end of the month.

With that being said, he believes the consensus for Q3 deliveries is “probably low,” as he believes Wall Street is likely underestimating what Tesla will bring to the table on October 1 or 2 when it reports numbers for the quarter.

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Tesla shares are already up over five percent today, with gains exceeding nine percent over the past five trading days, and more than fourteen percent in the past month.

While some analysts are looking at the performance of other Mag 7 stocks, movement on rates from the Federal Reserve, and other broader market factors as reasoning for Tesla’s strong performance, it appears some movement could be related to the company’s recent developments instead.

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Over the past week, Tesla has made some strides in its Robotaxi program, including a new license to test the platform in the State of Nevada, which we reported on.

Tesla lands regulatory green light for Robotaxi testing in new state

Additionally, the company is riding the tails of the end of the EV tax credit, as inventory, both new and used, is running extremely low, generally speaking. Many markets do not have any vehicles to purchase as of right now, making delivery by September 30 extremely difficult.

However, there has been some adjustments to the guidelines by the IRS, which can be read here:

Tesla set to win big after IRS adjusts EV tax credit rules

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Tesla is trading at around $389 at 10:56 a.m. on the East Coast.

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Tesla lands regulatory green light for Robotaxi testing in new state

This will be the third state in total where Tesla is operating Robotaxi, following Austin and California.

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Credit: Tesla

Tesla has landed a regulatory green light to test its Robotaxi platform in a new state, less than three months after the ride-hailing service launched in Texas.

Tesla first launched its driverless Robotaxi suite in Austin, Texas, back on June 22. Initially offering rides to a small group of people, Tesla kept things limited, but this was not to be the mentality for very long.

It continued to expand the rider population, the service area, and the vehicle fleet in Austin.

The company also launched rides in the Bay Area, but it does use a person in the driver’s seat to maintain safety. In Austin, the “Safety Monitor” is present in the passenger’s seat during local rides, and in the driver’s seat for routes that involve highway driving.

Tesla is currently testing the Robotaxi platform in other states. We reported that it was testing in Tempe, Arizona, as validation vehicles are traveling around the city in preparation for Robotaxi.

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Tesla looks to make a big splash with Robotaxi in a new market

Tesla is also hoping to launch in Florida and New York, as job postings have shown the company’s intention to operate there.

However, it appears it will launch in Nevada before those states, as the company submitted its application to obtain a Testing Registry certification on September 3. It was processed by the state’s Department of Motor Vehicles Office of Business Licensing on September 10.

It will then need to self-certify for operations, essentially meaning they will need to comply with various state requirements.

This will be the third state in total where Tesla is operating Robotaxi, following Austin and California.

CEO Elon Musk has stated that he believes Robotaxi will be available to at least half of the U.S. population by the end of the year. Geographically, Tesla will need to make incredible strides over the final four months of the year to achieve this.

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Tesla is improving this critical feature in older vehicles

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Credit: Tesla

Tesla is set to improve a critical feature that has not been present in older vehicles with a new update.

Tesla vehicles feature a comprehensive suite of driver assistance features, some of which aid in driving itself, while others support the vehicle’s surroundings.

One of those features is that of Driver Visualization, and with the rollout of a new update, owners of Intel-based Tesla vehicles are receiving an upgrade that will come with a simple software update.

Tesla plans to use Unreal Engine for driver visualization with crazy upgrade

The update will provide new visualizations while Intel-based vehicles are in reverse, a feature that was not previously available, but will be with Software Update 2025.32.2.

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The improvement was spotted by Not a Tesla App via TheBeatYT_evil:

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Previously, vehicles Tesla built were equipped with Intel-based processors, but newer cars feature the AMD chip, which is capable of rendering these visualizations as they happen. They were capable of visualizations when driving forward, but not in reverse, which is what this change resolves.

It is a good sign for those with Intel-based vehicles, as Tesla seems to be paying attention to what those cars are not capable of and improving them.

This was an undocumented improvement associated with this particular update, so you will not find any mention of it in the release notes that Tesla distributes with each update.

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