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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

Aug 8 2023 -

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

Aug 7 2023 -

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

Aug 4 2023 -

Tesla Q2 2023 Earnings Report: Profitable Again, Beat Expectations

Another positive quarter for Tesla is in the books.

By Eric Loveday

Jul 19 2023 -

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

Jul 18 2023 -

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

Jul 12 2023 -

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

Jul 11 2023 -

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

Jul 3 2023 -

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

Motor1.com

Aston Martin High-Performance EVs To Use Lucid Powertrain

Aston Martin's deal with Mercedes will continue.

By Adrian Padeanu

Motor1.com

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

Jun 19 2023 -

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

Jun 7 2023 -

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

Jun 1 2023 -

Tesla Stock Could Surge 1,030% To $2,000 By 2027, Says Analyst

Tesla aims to launch a ride-hailing business with the help of its vision and AI-based Full Self-Driving technology.

By EVANNEX

May 25 2023 -

Deutsche Bank Impressed With Giga Texas, Concerned About Price Cuts

The analysts are "all in" after the recent Tesla factory tour, but they fear earnings will be impacted by more price cuts ahead.

By Steven Loveday

May 22 2023 -

Analyst Forecasts Tesla Shares Will Reach $280 In A Year

The analyst is looking to Tesla's long-term profits as a primary catalyst.

By EVANNEX

May 11 2023 -

Fisker Cuts 2023 Production Forecast On Underwhelming Q1 Results

The EV startup cut its production guidance for the full year to 32,000-36,000 Ocean SUVs, down from an earlier target of 42,400.

By Dan Mihalascu

May 10 2023 -

Rivian Maintains 2023 Output Target As It Posts $1.35B Net Loss In Q1

The 50,000-unit production guidance stands as Rivian is implementing factory upgrades to increase output and reduce costs.

By Dan Mihalascu

May 10 2023 -

Iveco-Nikola Partnership Enters New Phase: A Sign Of Parting Ways?

Iveco Group will assume full ownership of the joint venture in Germany.

By Mark Kane

May 9 2023 -

Lucid Lowers 2023 Production Forecast, Posts $780 Million Q1 Loss

Lucid now aims to produce "more than 10,000 vehicles" this year, down from its previous estimate of 10,000-14,000 vehicles. 

By Dan Mihalascu

May 9 2023 -

Tesla's Stock Is Down, But The Long-Term Story Appears Super Solid

Tesla still has impressive balance sheets, its margins are still excellent, and it aims to be the industry’s lowest-cost producer.

By EVANNEX

May 8 2023 -

Ford Model e Electric Vehicle Unit Posts $722M Loss In Q1 2023

Ford maintains its projection that losses at the Model e EV business will rise nearly 50 percent to $3 billion this year.

By Dan Mihalascu

May 3 2023 -

What Was Wall Street's Take On Tesla's Q1 2023 Earnings?

While Tesla sold a record number of EVs and still fared well financially, its reduced margins caused concern for some folks.

By EVANNEX

May 2 2023 -

Lordstown Warns Of Bankruptcy As Foxconn Threatens To Cut Funding

The Taiwanese company notified the US EV startup their investment agreement could be terminated in as little as 30 days.

By Dan Mihalascu

May 1 2023 -

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