Rivian Q1 earnings expected to show electric vehicle demand rising
Fisker, Nikola and Lucid reported earnings for Q1 provide a hint of what’s to come from Rivian.
Expectations are that the earnings will show an increasing product demand, but consistent ongoing supply chain issues and skyrocketing rates of cash output. Rivian’s shares shut down at 20% following a CNBC report that Ford Motor sold off eight million of its total 102 million shares of the start-up electric vehicle manufacturer.
A few years back, Hertz took a bold step by purchasing 30,000 Teslas, aiming to electrify 20% of its rental fleet.
Tesla Inc. is making headlines again, this time for rehiring members of its Supercharging team, including key manager Max de Zegher, following a surprising round of layoffs initiated by CEO Elon Musk last month.
South Korea has welcomed the U.S. decision to extend electric vehicle tax credits for cars containing Chinese graphite until 2026.
The U.S. Treasury Department recently updated the rules for electric vehicle (EV) tax credits under the 2022 Inflation Reduction Act, stirring up a bit of a storm.
The National Highway Traffic Safety Administration (NHTSA) recently wrapped up an extensive probe into Tesla’s Autopilot system that started back in 2021.
Hertz's recent earnings report reveals a continued financial strain due to its ambitious shift towards electric vehicles.
As the U.S. pushes harder towards electric vehicles (EVs), several experts are pumping the brakes, voicing concerns over numerous challenges that could impede this transition.
In 2023, the average monthly electricity bill for U.S. homes nudged up by 2% to $138, which was actually less dramatic compared to the overall inflation rate of 4.1%.
The Biden administration just rolled out a regulation that’s all about boosting the sales of electric or zero-emission heavy vehicles, like school buses and cement mixers.
Several states in the U.S., including California, Maryland, Massachusetts, New Jersey, New York, Oregon, Washington, and Rhode Island, plan to ban the sale of new gas-powered cars by 2035.
President Biden has announced America's strictest vehicle exhaust emissions regulations yet, aiming to push the auto industry towards all-electric cars.
Energy giant Shell is shifting gears, planning to sell off some of its gas stations to make room for more electric vehicle charging stations.
In the past year, over a million fully electric cars, trucks, and SUVs were sold in the U.S., marking a record in the country's shift away from gas-powered vehicles.
The US Department of Energy (DOE) is investing $30 million to bolster the electric vehicle battery supply chain in the country.
The EV market is experiencing some shifts: Tesla, Ford, and General Motors are adjusting strategies.
Rivian Automotive Inc. saw its shares bounce back slightly on Monday after a tough week marked by disappointing earnings.
Hydrogen - the lightest element - is being touted as a promising clean fuel for the future, particularly in the automotive industry.
Starting a new automaker is no easy feat, and it's been a rarity in the last four decades. It's not just about designing a car but also establishing the necessary infrastructure.
Arrival, the UK startup once hailed as an EV trailblazer with its micro-factories producing delivery vans for companies like Uber and UPS, is now in dire straits
Former President Trump criticized UAW President Shawn Fain for endorsing President Biden, claiming that Fain lacks an understanding of the automobile industry's future.
In recent years, there has been a substantial investment of taxpayer dollars in adding electric buses to transit fleets across the United States, aiming to reduce carbon emissions.
Stellantis has made a significant announcement about the separation of 539 supplemental employees from its U.S. manufacturing operations, a move that has sparked concerns, especially from United Auto Workers (UAW) President Shawn Fain.
The Biden administration is injecting $623 million into the nation's electric vehicle charging network, with a focus on disadvantaged communities and freight trucks.
Nikola Corp. recently took its hydrogen fuel cell electric truck for a spin at CES 2024, and we got a firsthand look at what this regional hauler can do.
Rivian’s stock took a bit of a dip - around 10% - after the company exposed its fourth-quarter performance.
Elon Musk is not too thrilled about a recent report that indirectly hinted at one of his beloved robots being involved in an incident at Tesla's Austin, Texas factory two years back
A Reuters report highlights Tesla's alleged negligence in addressing known defects in its vehicles, including suspension and steering systems, and making customers pay for repairs.
Tesla addressed a 2-million-vehicle Autopilot "recall" by releasing software version 2023.44.30 as a free over-the-air update to affected vehicles, enhancing safety alerts.
Elon Musk has recently spoken out against US government tariffs on Chinese electric vehicles, calling them “not good” and market-distorting.