NADA’s Manifesto, EV Round Up, World’s Top YouTuber

The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier

It’s Thursday and we’re talking about NADA’s Guiding Principles which were just released. We also give a round up of current EV news, as well as the likely new king of YouTube.

• NADA has released its “NADA Guiding Principles on Evolving Business Models and the Dealer Franchise System” which reads like a clear manifesto of what it is for and against
  
• EV News
  • Tesla starts hiring for Cybertruck Production according to job listings seen by publication Electrek
    • Listings include job titles for operations and engineering positions related to producing the exoskeleton body
    • Worlds largest casting press was ordered to stamp out the stainless steel body as opposed to the traditional method of a steel frame with panels

• Rivian CEO RJ Scaringe said demand remains strong and a second shift is now running at it’s Normal, Ill plant after posting a $1.73B loss in Q3 up from 1.23B YoY
  • The plant has an official capacity of 150k
  • Initial target for this year was 50k but was cut to 25k
  • Currently 113k preorders for its RT1 up from 98k last quarter
  • $14.2B in cash, enough to run through 2025
    
• Volvo is going all in on its Flagship EV, 3 row, EX90 which will begin production in 2023 and make 60k units in 2024 according to the company
  • It is the first of the “Vanguard” line which will transform the brand to all electric by 2030
  • The company projects the first year’s output will be pre-sold
• YouTuber Mr. Beast is about to take the throne as the #1 YouTuber with almost 113M subs to surpass longtime king PewDiePie.
  • Gaining subs at a rate of 1M every 5 days is far faster than any other youtuber
  • Jimmy Donaldson originally joined the platform in 2012 at age 13 and had his first viral video counting to 100,000 which took 40 hours
  • The 23 year old has a net worth estimated at $56M and was just offered $1B for his business which he turned down

Get the Daily Push Back email at https://www.asotu.com/

JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Read our most recent email at: https://www.asotu.com/media/push-back-email

Share your positive dealer stories: https://www.asotu.com/positivity

ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

Hosts: Paul J Daly and Kyle Mountsier
Get the Daily Push Back email at https://www.asotu.com/

JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Read our most recent email at: https://www.asotu.com/media/push-back-email