Starlink’s Arrival in Vietnam and Rivian’s Micro EV Plans

Starlink has received permission to launch internet services in Vietnam until 2030, with a subscriber limit. In contrast, discussions in Italy have stalled due to concerns about Elon Musk. Rivian’s subsidiary, Also, has raised $105 million for micro EVs. The Financial Times retracted prior allegations of Tesla’s questionable accounting practices.

Starlink has received authorization from the Vietnamese government to commence internet services, operating on a trial basis until the end of 2030, with a subscriber cap set at 600,000. SpaceX will offer both fixed and mobile internet services across Vietnam, alongside possible Starlink Aviation service plans. Notably, the Vietnamese administration permits unrestricted foreign ownership for these services, although it remains unclear whether SpaceX has applied for the necessary license to operate in Vietnam.

This development contrasts with Italy’s decision to pause discussions regarding a similar deal with SpaceX, primarily due to concerns surrounding Elon Musk, as stated by Italy’s Defense Minister Guido Crosetto. Italy was evaluating a potential $1.6 billion, five-year deal with Starlink, but discussions have not progressed amid ongoing controversies.

Meanwhile, SpaceX is also working to introduce Starlink in India, having secured agreements with two leading telecom operators. However, final regulatory approval is still pending. As the company awaits approvals, it continues to enhance its Starlink offerings, recently announcing plans for a new dish designed to deliver gigabit speeds.

In a separate development, Rivian’s initiative has evolved into a standalone startup named Also, which has successfully raised $105 million from Eclipse Ventures. Focusing on micromobility, Also intends to adapt Rivian’s existing technology for micro electric vehicles, including compact designs like vans and SUVs. CEO RJ Scaringe indicated their commitment to this project while maintaining a minority stake in Also, which aims to reveal its vehicle concepts later this year, with production anticipated by 2026.

In recent financial news, the Financial Times has issued a retraction regarding previously published allegations of dubious accounting practices by Tesla. The original report claimed discrepancies in Tesla’s capital expenditures. Upon review, the FT acknowledged that the apparent inconsistencies could be attributed to factors such as prior asset purchases and the disposal of depreciated materials. The article’s correction has been well received, with CEO Elon Musk humorously critiquing the FT’s initial errors on social media.

In summary, Starlink’s entry into the Vietnamese market is significant for expanding global internet access, contrasting sharply with Italy’s stalled agreement. As SpaceX continues its pursuit in India and improves its offerings, Rivian’s spinoff Also signifies a shift toward micro electric vehicle production. Meanwhile, the retraction by the Financial Times highlights the importance of accuracy in financial reporting, demonstrating a notable turn in Tesla’s public perception as the company navigates these varied developments.

Original Source: www.teslarati.com