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Rivian Has "Very Clear" Path To Profitability, CEO Says

Rivian is currently losing about $33,000 per vehicle sold, but RJ Scaringe said the situation is "improving quarter to quarter."
By Dan Mihalascu 1m ago
0
Renault Plans IPO Of Ampere EV Unit In Spring 2024, CEO Says

Renault Plans IPO Of Ampere EV Unit In Spring 2024, CEO Says

In the run-up to the initial public offering, Renault will separate Ampere from the rest of the company on Nov 1, Luca de Meo said.
By Dan Mihalascu 30 August 2023
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VinFast Is Now The World’s Third-Most Valuable Automaker

VinFast Is Now The World’s Third-Most Valuable Automaker

It’s behind only Tesla and Toyota, despite selling just 151 vehicles in the US in the first half of the year.
By Iulian Dnistran 29 August 2023
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Tesla Supercharger Network To Become A Multi-Billion Dollar Business: Analyst

Tesla Supercharger Network To Become A Multi-Billion Dollar Business: Analyst

A Wall Street analyst estimated the Supercharger network to be worth three to six percent of Tesla’s revenues.
By Suvrat Kothari 25 August 2023
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VinFast Worth $85 Billion After Going Public, More Than GM, Ford, VW

VinFast Worth $85 Billion After Going Public, More Than GM, Ford, VW

Shares of the Vietnamese EV maker closed at $37.06 in New York after its first day of trading.
By Dan Mihalascu 16 August 2023
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Tesla Bull Sees Rivian As “One Of The Core EV Players Over The Next Decade

Tesla Bull Sees Rivian As “One Of The Core EV Players Over The Next Decade

Wedbush analyst Dan Ives says Rivian took "another big step in the right direction" with its second-quarter results.
By Iulian Dnistran 11 August 2023
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Colorado Proposes Generous Electric Vehicle Incentives For New Buyers

Colorado Proposes Generous Electric Vehicle Incentives For New Buyers

The state appears to lead the charge in EV incentives alongside California.
By Suvrat Kothari 10 August 2023
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The Strategy Behind Volvo's Recovery Of Import Tariffs On China-Made Cars

The Strategy Behind Volvo's Recovery Of Import Tariffs On China-Made Cars

The 25 percent import tariff imposed by the Trump administration can be recovered with certain exports.
By Suvrat Kothari 09 August 2023
0

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Rivian Raises Production Guidance After Strong Q2 Earnings

Rivian Raises Production Guidance After Strong Q2 Earnings

Gross margins improved by 50% for the American EV maker in its best-ever quarter.
By Iulian Dnistran 09 August 2023
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Lucid Maintains Production Guidance Despite Underwhelming Q2 Results

Lucid Maintains Production Guidance Despite Underwhelming Q2 Results

While Q2 revenue and net loss missed market estimates, Lucid said it has enough cash to start production of Gravity SUV in late 2024.
By Dan Mihalascu 08 August 2023
0
Tesla CFO Zach Kirkhorn Steps Down After 13 Years At The Company

Tesla CFO Zach Kirkhorn Steps Down After 13 Years At The Company

Kirkhorn's successor as Tesla CFO is accounting head Vaibhav Taneja.
By Dan Mihalascu 07 August 2023
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Fisker Reports Q2 2023 Losses, Cuts Production Target Due To Supply Woes

Fisker Reports Q2 2023 Losses, Cuts Production Target Due To Supply Woes

The automaker missed production targets for both quarters in 2023.
By Suvrat Kothari 04 August 2023
0
Tesla Q2 2023 Earnings Report: Profitable Again, Beat Expectations

Tesla Q2 2023 Earnings Report: Profitable Again, Beat Expectations

Another positive quarter for Tesla is in the books.
By Eric Loveday 19 July 2023
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Tesla Directors Accused Of Overpaying Themselves Will Return $735M

Tesla Directors Accused Of Overpaying Themselves Will Return $735M

The directors include Elon and Kimbal Musk, Oracle co-founder Larry Ellison, and James Murdoch, son of media mogul Rupert Murdoch.
By Dan Mihalascu 18 July 2023
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Tesla’s Price War Nearly Drove This EV Subscription Company Out Of Business

Tesla’s Price War Nearly Drove This EV Subscription Company Out Of Business

Autonomy Inc. revised its strategy after EV price cuts jeopardized its plans.
By Suvrat Kothari 12 July 2023
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Rivian Stock Up Almost 90 Percent Over The Past Two Weeks

Rivian Stock Up Almost 90 Percent Over The Past Two Weeks

Shares went from $13.45 on June 26 to $25.51 on July 10 on Rivian's strong Q2 2023 results and some investors shorting the stock.
By Dan Mihalascu 11 July 2023
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Jim Cramer Would Buy Ford Stock Over Tesla

Jim Cramer Would Buy Ford Stock Over Tesla "Any Day"

The host of CNBC's Mad Money show predicts Ford's stock may yield more returns for investors than Tesla at the current prices.
By Dan Mihalascu 03 July 2023
0
Alpine Teases Seven EVs Coming By 2030, Brand Launching In The US In 2027

Alpine Teases Seven EVs Coming By 2030, Brand Launching In The US In 2027

F1 efforts will be funded by Maximum Effort Investments, led by Ryan Reynolds.
By Adrian Padeanu 26 June 2023
Aston Martin High-Performance EVs To Use Lucid Powertrain

Aston Martin High-Performance EVs To Use Lucid Powertrain

Aston Martin's deal with Mercedes will continue.
By Adrian Padeanu 26 June 2023
VW Group CEO Admits Audi Lags Behind Rivals, Software Issues To Blame

VW Group CEO Admits Audi Lags Behind Rivals, Software Issues To Blame

The automaker wants to speed up EV development.
By Anthony Alaniz 23 June 2023
Nikola Laying Off 270 Employees To Cut Costs, Sharpen Focus On North America

Nikola Laying Off 270 Employees To Cut Costs, Sharpen Focus On North America

Of the 270 people impacted by the decision, 150 were supporting Nikola's European operations and 120 were based at its Arizona sites.
By Dan Mihalascu 19 June 2023
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How Section 45X Is Revolutionizing Domestic Electric Vehicle Production

How Section 45X Is Revolutionizing Domestic Electric Vehicle Production

Section 45X is one of several provisions under the Inflation Reduction Act aimed to support the US EV supply chain.
By Suvrat Kothari 14 June 2023
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Tesla's Stock Rises Above $200: What Does This Mean?

Tesla's Stock Rises Above $200: What Does This Mean?

Some analysts suggest the stock is now overbought and testing its moving average.
By EVANNEX 07 June 2023
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Lucid To Raise $3 Billion, Mostly From Saudi Majority Stockholder

Lucid To Raise $3 Billion, Mostly From Saudi Majority Stockholder

Lucid will sell $1.8 billion worth of shares to an affiliate of Saudi Arabia's Public Investment Fund, which owns 60.5% of the company.
By Dan Mihalascu 01 June 2023
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