40 Under 40, Big Buzz Around Big EV Players, New Gen Z Social NoPlace

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We hope you’re as ready for this week as we are as we say ‘hello’ to the new Automotive News 40 Under 40 honorees. We also talk about the buzz over Tesla, Rivian, and Polestar and also the new Gen Z social media app. (We knew you wanted one more)


Show Notes with links:
It’s that time of year again as we get our first look at the Automotive News’ 13th annual 40 Under 40 class, showcasing the industry's brightest and most dedicated leaders. This year's honorees include both lifelong industry participants and those who discovered their passion for automotive retail later in life. There are more than a few friends of ASOTU as well as some fresh faces.

• Shoutout to ASOTU Friends: Gregg Ciocca Jr, Katie Gatusso Duncan, Gray Scott, 
• The list includes 16 women and 24 men with an average age of 34.7 years
• The oldest are 39: Brandon Collins, Ashley Garzone, Ashley Mabery, Nathan Meckley, Caitlin Roberts, Gray Scott
• The youngest are 27: Ethan Bushong, a Managing Partner, and Kielan Whitner, a GM

The EV landscape is buzzing with some notable news from some of the highest profile players, Tesla, Rivian, and Polestar this week:

• Tesla's Cybertruck might be the best-selling electric pickup in the US, with recall data suggesting 8,000-9,000 units delivered in Q2, surpassing Ford's 7,902 F-150 Lightnings and GM's combined 5,125 EV pickups.
• Despite the lack of model-specific sales data from Tesla, the Cybertruck's ramped-up production and pent-up demand position it to lead the market, although competition from GM's Silverado EV is growing.
• Rivian surpassed its Q2 2024 delivery forecasts with 13,790 vehicles, maintaining its annual goal of 57,000 units and aiming for per-vehicle profitability by Q4 2024 through cost reductions and regulatory credits.
• Volvo plans to reduce its stake in Polestar from 48.3% to 18%, following Polestar's significant financial losses in 2023, including a net loss of $1.17 billion and a decrease in revenue and gross profit.

Just when you were getting used to TikTok, and maybe even Threads, there is a new, Gen Z social media app topping out the download charts. Introducing Noplace, a fresh app founded by 27 year old serial entrepreneur, Tiffany Zhong, to be more like MySpace aiming to bring back the essence of social media before algorithms and ads took over.

• Noplace connects users based on "stars” or common interests, offering features like pinning top friends and a friends-only feed, and amassed 500,000 users on its waiting list through viral TikToks.
• The app is text based and encourages users to take a ‘stream of consciousn

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