Tesla faces door handle probe after Bloomberg report
A week after Bloomberg published a report called “ Tesla’s Dangerous Doors ” that detailed instances where people were hurt or injured after accidents reportedly left the flush electronic door handles...
Nio climbs ahead of new SUV launch as Chinese EV giants recommit to paying suppliers faster
Shares of Chinese EV maker climbed in Monday morning trading as investors cheered news that its ES8 SUV — priced to compete with Model Y — will begin deliveries this weekend. Nio may also be seeing ...
Tesla turns positive for the year
is finally worth more than it was at the start of the year. Tesla surged to about $423 per share in early trading after the Elon Musk Revocable Trust reported acquiring 2.57 million shares , worth mor...
Tesla jumps after Elon Musk discloses buying 2.57 million shares, worth more than $1 billion
soared in early trading on Monday after CEO Elon Musk disclosed a purchase of 2.57 million shares in the company, according to a new SEC filing . Per the filing, the “Elon Musk Revocable Trust,” for w...
Amazon is testing adding GM electric vans to its EV delivery fleet dominated by Rivian
may have some competition in its electric delivery van division: Bloomberg reports that is testing a small number of BrightDrop vans for its fleet. According to Amazon, the test currently only inclu...
Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit
Shares of EV maker are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company ne...
Jeep maker Stellantis surges as CEO says the automaker is in productive tariff talks with the US
Shares of Jeep and Dodge maker are up more than 8% in Thursday afternoon trading, following comments from the automaker’s new CEO, Antonio Filosa, at a European auto conference. On tariffs, Filosa sa...
As tariffs take root, August new vehicle prices climb by the most in more than 2 years
It’s been five months since the Trump administration’s auto tariffs went into effect, and their impact is beginning to hit new vehicle prices. According to data from Cox Automotive, new vehicle averag...
Nio sinks after announcing $1 billion share offering to fund EV development
US-listed ADRs of Chinese EV maker sank more than 8% in premarket trading on Wednesday as investors face $1 billion in share dilution from a secondary offering. Nio plans to issue up to nearly 182 mi...
Tesla could sell a record number of vehicles in the US this quarter
is widely expected to have a bad year, but it could have a very good third quarter. A popular analyst who goes by the name Troy Teslike currently expects Tesla to sell a record 178,000 vehicles in the...
Tesla’s EV market share declined to 38% in August
In August, Tesla’s share of the US EV market fell to 38%, according to new data from Cox Automotive reported by Reuters . Tesla’s market share fell below 50% for the first time last year, as competito...
Volkswagen is reportedly closing in on its own, separate tariff deal with the US
In a bid to get its own tariff rate below the 15% applied to most EU exports , is dangling big US investments. Speaking at a trade show Monday, VW CEO Oliver Blume said the automaker is in advanced t...
Lucid surges following 6 days of losses after headlines misidentify Cantor Fitzgerald’s lower split-adjusted price target as a good thing
It’s been a shortened week, but still a rough one for . Investor blowback to the luxury EV maker’s 1-for-10 reverse stock split has sent shares to all time lows this week. After six straight days of c...
Rivian lays off workers as it readies its cheaper SUV and braces for the end of the EV tax credit
With the $7,500 federal EV tax credit set to end on September 30 and a new, lower cost electric SUV due to launch next year, is on the hunt to cut costs. That means layoffs.
EVs power Ford to its sixth straight month of sales growth as tax credits wind down
sales grew 3.9% year over year in August, the automaker’s sixth consecutive month of US growth. Electric vehicles, which saw more than 19% sales growth on the month, led the charge, while hybrid sales...
Investors jeer Lucid’s reverse stock split, sending shares to an all-time low (split-adjusted, of course)
Though the dollar value of stock is 10x higher today, the luxury EV maker is trading at an all-time low on the first day the company’s 1-for-10 reverse stock split takes effect. The stock is down mor...
Tesla European sales fell in some markets and were outpaced by BYD in August
A number of European countries have reported August vehicle registration data and, for the eighth month in a row, has seen its sales decline in some of those markets. Sales were down year over year i...
Nio rises despite earnings miss as its delivery growth beats rivals
Chinese EV company rose in premarket trading Tuesday, despite the rival missing Wall Street’s expectations in its earnings report. Nio posted a net loss equivalent to about $721 million in its secon...
Lucid’s on pace for its lowest close ever ahead of its reverse stock split next week
Investors are ditching luxury EV maker on Friday, with shares on pace to close at their lowest level ever. The stock was recently down 3.8% to $1.99, which would drop below its previous record low of...
BYD keeps outselling Tesla in Europe
sold nearly 50% more vehicles in the European Union than did last month, according to new data from the European Automobile Manufacturers’ Association (ACEA), moving about 9,700 units versus Tesla’s ...