Lucid climbs after announcements of new CEO and expanded robotaxi partnership with Uber
Shares of luxury EV maker climbed more than 12% in premarket trading on Tuesday following two announcements, before news of a public stock offering erased most of the gains. First, the company announ...
Tesla competitor Slate closes $650 million funding round and says 2026 production is “on time and on budget”
competitor Slate Auto said it closed a $650 million Series C funding round led by TWG Global, giving it the “operating capital to reach the next stage of development.” Slate’s new CEO , Peter Faricy, ...
Tesla delivered 358,023 vehicles in Q1, short of expectations
Ahead of its first-quarter earnings later this month, on Thursday announced that it delivered 358,023 vehicles in the quarter. Analysts polled by FactSet had expected 380,500 vehicle deliveries in th...
Nio, Li Auto rise as Q1 delivery totals beat internal guidance
China’s EV startup trio — , , and — are all climbing on Wednesday, following the release of March and first-quarter delivery totals. Nio delivered 83,465 vehicles in the three months that ended in Ma...
Tesla released estimates for Q1 deliveries and they’re lower than analysts expected
Ahead of first quarter earnings next month, released its own company-compiled Wall Street consensus for deliveries: 365,645 vehicles. While that’s lower than the 382,000 FactSet consensus estimate, i...
Sony and Honda are scrapping Afeela, their joint EV that you could play PlayStation in
Less than two weeks after said it would take an up to $15.7 billion write-down as it restructures its EV business, the automaker is scrapping an electric vehicle made in a joint venture with . The Af...
Tesla’s European sales rise for the first time in more than a year but still lag BYD
New registrations jumped 12% in February from a year earlier to 17,664 units across the European Union, the United Kingdom, and the European Free Trade Association, according to new data from the Eur...
China’s EV startup trio have all become profitable
China’s EV startup trio, , , and , are now all profitable, following the latter’s Q4 results released Friday. XPeng reported a quarterly net profit of about $55 million, compared to rival Nio’s Q4 net...
What we know about Tesla’s Semi truck as production nears
long-awaited Semi trucks are back in the spotlight. The Wall Street Journal reports that truck drivers testing prototype models are enthusiastic — and the rest of us may not have to wait much longer. ...
Uber will invest $1.25 billion in Rivian in a new robotaxi deal
EV maker surged more than 9% in premarket trading on Thursday following an announcement that will invest up to $1.25 billion in the company through 2031 as part of a robotaxi partnership. The deal w...
After a big pullback for EVs, climbing gas prices are causing drivers to eye them again
Gas prices in the US have climbed $0.60 in less than two weeks because of the war with Iran. Prediction markets are pricing in an implied 62% chance that the price of gas exceeds $4 by the end of the ...
Lucid announces Cybercab competitor and self-driving tech subscription in a bid to take on Tesla
At Investor Day Thursday, the company announced plans that seem a lot like that of its bigger electric vehicle competitor, . That includes a monthly subscription for its self-driving tech, akin to Te...
Rivian announces R2 will start at $59,485 at launch, with lower cost trims set to arrive in 2027
EV maker on Thursday announced that its highly anticipated R2, which CEO RJ Scaringe has called “maybe the most important thing we’ve launched to date,” will start at $59,485 at launch. The company i...
Tesla’s China sales jump as EV market slumps
China sales grew 43% to 38,206 vehicles in February, compared a low baseline a year earlier. Still, thanks to strong sales of its Model Y, Tesla defied countrywide trends — overall China EV sales fell...
Nio just reported its first-ever quarterly profit in its Q4 results
Chinese EV maker jumped in premarket trading on Tuesday after it reported solid top- and bottom-line results, booking its first-ever quarter of positive (non-GAAP) operating profits, some 1,251 milli...
“Tesla killer” Slate Auto switches CEOs ahead of launch later this year
Just months before the expected launch of its $25,000 truck, so-called “ killer ” Slate Auto has swapped out its CEO. Former Marketplace Vice President Peter Faricy is the new leader of the Jeff Bezo...
Bank of America upgrades Tesla, expecting it to “quickly become a leader in robotaxi services”
jumped in premarket trading after Bank of America reinstated coverage of the EV maker and upgraded it to “buy” from “hold,” with a price target of $460. “We expect TSLA to quickly become a leader in r...
Good news: Tesla sales stabilized in Europe. Bad news: Europe’s not buying much.
The good news for : vehicle sales jumped in February in a number of early-reporting European countries. The bad news: Europe remains a small market for Tesla, so stabilization there isn’t the boon it ...
Albemarle and fellow lithium miners jump on Zimbabwe export ban
Lithium miners , Lithium Argentina, , and are all rising in early trading on Wednesday after Zimbabwe suspended its export of all raw minerals and lithium concentrates. The latest move accelerates a ...
Lucid reports Q4 earnings miss, revenue beat
Luxury EV maker reported its fourth-quarter earnings after the bell Tuesday. Shares fell more than 6% in after-hours trading. The company posted an adjusted loss of $3.08 per share, wider than the $2...