Tesla is making even fewer Cybertrucks now than when it first started
When the Cybertruck first became widely available to the public — beyond high-profile buyers at the delivery event in late 2023 — in the first quarter of 2024, produced around 3,000 of the “apocalyp...
Rivian, Lucid, and Tesla all downgraded by Morgan Stanley on tougher EV market
US EV makers are seeing red in premarket trading on Monday, following a fresh downgrade from Morgan Stanley. , , and shares were all trading lower in early hours. Analyst Andrew Percoco downgraded Ri...
Jeep maker Stellantis climbs following UBS upgrade as White House poised to ease fuel efficiency rules
Analysts are beginning to believe in the comeback. Shares of the Jeep maker climbed on Wednesday following an upgrade to “buy” from “hold” from UBS. UBS also bumped its Stellantis price target by 45%...
Tesla sales drop in Germany, adding to declines across Europe
sales in Germany, one of its biggest European markets, fell 20% in November and are down nearly 50% through November compared with a year earlier, deepening what has largely been a year of sales decli...
Archer adds Miami to its list of planned US air taxi network hubs
Electric aircraft maker on Wednesday announced Miami as the location of its third planned US air taxi network, joining already-announced future networks in New York City and Los Angeles. Archer said ...
Ford drops as its EV sales tumble more than 60% year over year on the end of the tax credit
As expected, EV sales continued to fall in November, dropping more than 60% year over year to 4,247 vehicles. That’s around 10% less than October’s figure. Ford shares are down about 2% on Tuesday mo...
Electric aircraft maker Beta rises on report it will supply a rival with motors
Newly public electric aircraft maker is climbing in premarket trading on Tuesday after announcing it would supply a rival in the space, -funded Eve Air Mobility, with electric motors. In an industry ...
Tesla’s Chinese-made EV sales jumped 10% in November
sales from its Shanghai plant jumped 10% in November, only the third time those sales have risen in a month this year, Bloomberg reports . These figures don’t break down what share of sales are within...
Tesla sales continued to fall in Europe last month — but there were a few bright spots
self-proclaimed “ weakest market ” continued to look weak in November, as sales mostly kept dropping year over year across European countries, including Sweden, France, and Spain, Reuters reports . Ho...
“The Big Short” investor calls Tesla “ridiculously overvalued”
“The Big Short” investor Michael Burry says market cap has been “ridiculously overvalued” for “a good long time.” In his latest Substack post, he criticized what he calls the “tragic algebra” of stoc...
Chinese EV maker Nio dips as its November delivery total comes in 10% below October
Shares of are down nearly 4% in premarket trading on Monday after the EV maker reported its November delivery total. Nio delivered 36,275 vehicles in the month, up more than 76% from the same month l...
Tesla sold more cars in Norway this year than any automaker ever as buyers get ahead of tax hike
Norway is proving to be a rare bright spot in Europe, “ weakest market ,” with the EV company setting an annual car sales record in the country, Reuters reports. Tesla sales jumped 175% in Norway in ...
Chinese EV maker Nio climbs on narrower-than-expected Q3 loss
was up as much as 3.1% in early trading on Tuesday after the Chinese EV maker dropped its third-quarter earnings. The company posted an adjusted loss of $0.15 per share, better than the $0.23 loss exp...
Ford dips as another large fire breaks out at the New York Novelis aluminum plant
Shares of US auto giant are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York. Local media reported tha...
Clean energy investment hit a new record last quarter, mostly driven by EVs
The expiry of electric vehicle tax credits didn’t just do wonders for the sales figures of automakers like Tesla; it also contributed to the best quarter of clean energy investment ever in Q3 this yea...
Lucid continues its autumn rout, hitting a fresh all-time low following a price target cut by Stifel
It’s been a rough 48 days for luxury EV maker , which fell to a fresh all-time low on Monday following a price target cut by analysts at Stifel. Stifel lowered its Lucid price target to $17, from $21,...
Peter Thiel’s hedge fund cut its stake in Tesla by 76%
Peter Thiel’s hedge fund, Thiel Macro, has cut its stake in Elon Musk’s by 76%, according to new filings . At the end of Q3, it held 65,000 shares of the stock, down from 272,613 at the end of Q2. Th...
Ford partners with Amazon to sell its used vehicles online
Beginning today, many shoppers can add a pre-owned to cart. The partnership, announced by the two companies on Monday, will begin in Los Angeles, Dallas, and Seattle, with plans to expand.
Tesla is back in the negative this year
After falling more than 6% yesterday in its biggest drop since July, is once again in negative territory for the year. Elon Musk’s company posted record earnings last month, buoyed by pulled-forward ...
Lucid on pace for lowest close ever following $875 million debt offering
Shares of luxury EV maker are down about 97% from their all-time highs in 2021, and the stock isn’t exactly showing signs of improvement. The stock was down about 6.5% and on pace for its lowest clos...