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Musk said he expects Tesla to begin delivering its much anticipated Cybertruck pickup by the middle of 2023, adding to Texas factory production. He forecast output at Texas and Berlin at 5,000 vehicles a week by the end of this year or early next year, and 10,000 a week by the end of 2023.

In its second-quarter shareholder letter, Tesla revised installed capacity numbers for its plants upward, with Fremont rising to 650,000, Shanghai rising to about 750,000, Berlin at 250,000 and Austin at 250,000. In Tesla’s first-quarter earnings letter, it had listed Fremont as 600,000, Shanghai as 450,000 and Berlin and Austin as “early ramp.”

In second-quarter financial results, the EV maker posted an adjusted profit of $2.27 per share vs. analysts’ consensus estimates of $1.81.

Its automotive gross margin fell to 27.9 percent, down from a year earlier and the preceding quarter, amid inflationary pressure.

Total revenue fell

Rivian Automotive delivered its first batch of electric delivery vans on Thursday to Amazon, an early investor that has been waiting out production delays at the EV startup but can now put the futuristic vehicles to work in major US cities.

“In 2019, Rivian and Amazon committed to fast-tracking a new type of delivery vehicle that would result in a significant reduction of carbon emissions,” Rivian CEO RJ Scaringe said in a joint statement by the companies. “That vision is now being realized.”

The move is another step forward for Rivian, which has struggled to ramp up production of its electric R1T pickup, and has only recently announced the formal launch of its R1S SUV. Rivian’s consumer vehicles are built on the R1 platform at its factory in Normal, Ill., and the electric delivery vans are built on a separate line.

Amazon unveiled road-ready EDVs at a last-mile delivery center

Automakers around the world are catching a break from the global shortage in microchips this week, with factories trimming only about 31,000 vehicles from their schedules, according to the latest forecast from AutoForecast Solutions.

That is one of the smallest weekly reductions in global output stemming from chip shortages in several months.

European auto plants, which have been taking a hit on production so far this year, expect no schedule reductions this week, according to AFS.

The industry has been working to correct the problem through various means, including assembly workarounds and the push for increased chip capacity. Last week, SkyWater Technology Inc. of Minnesota said it will invest $1.8 billion to construct a new chip production plant in West Lafayette, Ind. And this month, Bosch announced it will spend $3 billion on new chip capacity and research facilities in Europe.

Doug Del Grosso, CEO of seating supplier Aient, told

For Keogh, who became CEO of VW of America in November 2018 and was handed a challenging mandate to double the VW Group’s collective US market share to 10 percent by 2028, the appeal of effectively building a startup from scratch without the normal investor and sourcing woes was, to say the least, appealing.

“For me, a kid from Long Island, it was, frankly, just too good to pass up. It’s something I very much want to do, it’s something I’m passionate about, and certainly something I’m going to try my darnedest to achieve,” Keogh told reporters in a brief conference call.

“Most startups are borrowing money; you’re down in Dad’s basement, Mom’s bringing down some scrambled eggs, and you do the best you can,” the two-time Automotive News All-Star said. “I think the upside is yes, we want them to be lean, we want to be fast, we want