Porsche AG just posted the most humiliating quarter in its 77-year history—a €967 million ($1.1 billion) operating loss that marks the luxury automaker’s first quarterly loss since going public in 2022. According to Bloomberg, the sports car manufacturer is hemorrhaging…
Ford Motor Company expects a profit hit of up to $2 billion after a devastating fire at its key aluminum supplier, overshadowing third-quarter financial results that exceeded Wall Street expectations. The automaker slashed its full-year earnings guidance by up to…
Rivian has agreed to pay $250 million to settle a 2022 class-action lawsuit that accused the electric vehicle maker of misleading investors about vehicle pricing during its blockbuster 2021 initial public offering, according to a court filing Thursday. The settlement…
Reuters analysis reveals Tesla is taking an unprecedented gamble in the automotive industry: staking its entire car business on models designed between 2017 and 2020 while Chinese EV makers like BYD slash development cycles to two years or less. Industry…
Rivian Automotive is laying off approximately 600 employees—roughly 4.5% of its workforce—as the electric vehicle maker faces mounting pressure from the September 30 expiration of federal EV tax credits and a broader slowdown in EV demand. The layoffs, first reported…
Omoda & Jaecoo, the export brands of Chinese automotive giant Chery Group, unveiled plans for an internal combustion engine achieving 48% thermal efficiency at their International User Summit in October 2025. If realized, this would dramatically outpace the industry standard…
Rivian‘s micromobility spinoff Also unveiled its first electric bike today alongside a major commercial partnership with Amazon, marking the EV maker’s expansion into urban transportation solutions for trips under 15 miles. Also announced the TM-B electric bike at an event…
Uber is launching a $4,000 grant program for drivers purchasing electric vehicles in select states, stepping in just as the federal EV tax credit vanished from the market. The ride-hailing giant announced Wednesday it’s rebranding “Uber Green” to “Uber Electric”…
General Motors unveiled plans today to bring eyes-off autonomous driving to the Cadillac Escalade IQ electric SUV by 2028, marking a dramatic strategic shift after shutting down its $10 billion Cruise robotaxi business. The announcement positions GM to compete directly…
Tesla is poised to beat Wall Street expectations when it reports third-quarter earnings Wednesday, riding record vehicle deliveries and energy storage deployment. But for EV enthusiasts watching the company’s trajectory, the real story isn’t the numbers—it’s what comes next. The…
Polestar is recalling 27,816 Polestar 2 vehicles in the United States due to a software issue that can cause the rearview camera to fail, increasing the risk of a crash. The recall, announced by the U.S. National Highway Traffic Safety…
Porsche is significantly altering its electric vehicle strategy, delaying the launch of some all-electric models and re-emphasizing combustion and hybrid powertrains in response to a cooling EV market and other economic pressures. The move, which includes a substantial cut to…
The U.S. Senate has confirmed Jonathan Morrison to lead the National Highway Traffic Safety Administration (NHTSA), the nation’s top auto safety agency, placing a former Apple lawyer and Trump-era official in charge of multiple, high-stakes investigations into Tesla’s vehicle safety.…
Picture this: You buckle your toddler into your Tesla Model Y, step outside, and suddenly can’t get back in. Your child is trapped, and you’re reaching for a rock. Tesla is redesigning its vehicle door handles following a federal safety…
Tesla’s electric door and flush-handle systems are raising safety concerns after several crashes in which occupants and rescuers could not exit or access vehicles when power failed, according to Bloomberg. The technology trade-off threatens both user safety and regulatory scrutiny.…
Federal agents detained 475 workers at Hyundai’s $12.6 billion electric vehicle battery plant site near Savannah, Georgia, in what authorities described as the largest single-site immigration raid in the history of Homeland Security Investigations (HSI), reports The Atlanta Journal-Constitution. Largest…
Electric vehicle (EV) sales are surging across the U.S. as consumers race to take advantage of the federal government’s $7,500 tax credit before it expires on September 30, 2025. Dealers in EV hot spots like Colorado report unprecedented demand, with…
The 2026 Porsche Cayenne Electric is nearing production and looks set to redefine the high-performance EV SUV segment. In early prototype drives outside Barcelona, Spain, Car and Driver reported that Porsche’s upcoming all-electric version of its flagship SUV will deliver…
Porsche is ending in-house battery cell production at its Cellforce subsidiary and converting the unit into a dedicated R&D operation, citing insufficient volumes, lack of economies of scale, and tougher conditions in the U.S. and China. Roughly 200 of 286…
Lucid Motors will move forward with a rare 1-for-10 reverse stock split, set to take effect on September 2, in an effort to boost the electric vehicle (EV) maker’s struggling share price, according to a Barron’s report. The move comes…
California is preparing to revive its own electric vehicle (EV) subsidies after the Trump administration dismantled federal support, eliminating tax credits and rolling back zero-emission mandates. State officials this week submitted a report to Gov. Gavin Newsom detailing strategies to…
Hybrid vehicles have overtaken electric vehicles in California’s auto market share for the second quarter of 2025, according to the California New Car Dealers Association’s Q2 Auto Outlook Report. The report shows hybrids gaining momentum while EV registrations continue to…
Springfield is preparing for a wave of new electric vehicle (EV) charging stations as the city evaluates curbside locations in underserved neighborhoods. The initiative is part of Massachusetts’ broader push to expand EV infrastructure, supported by grant funding from the…
Tesla stock (TSLA) is regaining momentum after a rocky first half of the year. Following weeks of losses that pushed shares below key technical benchmarks, the electric vehicle leader has tightened up, reclaimed support at major moving averages, and landed…
Tesla stock slipped Wednesday even after reports suggested CEO Elon Musk is likely abandoning plans to form a new U.S. political party, a development that might otherwise have eased investor concerns tied to his political involvement. According to The Wall…
After months of uncertainty and a courtroom twist, Oregon’s NEVI corridor build is back on track—and fully funded—to plug the biggest gaps from the coast to I‑84 Oregon electric vehicle charging expansion accelerated as the state gains access to its…
Did you buy Tesla’s Full Self-Driving? A new lawsuit could change what your EV is really worth on the road—and in court. Tesla is now facing a certified class action lawsuit in California regarding its claims about Full Self-Driving (FSD)…
Ford Motor Co. and its South Korean partner SK On are seeking new buyers for surplus batteries produced at their new joint-venture factory in Kentucky, a move that reflects weakening electric vehicle (EV) demand in the United States. The plant,…
WASHINGTON (AP) — The U.S. Postal Service’s plan to replace thousands of aging gas-powered delivery trucks with electric Next Generation Delivery Vehicles (NGDVs) is under renewed political fire, with Republican lawmakers pushing to rescind billions in federal aid set aside…
Tesla’s Luxe Package makes the case for road-trippers: fewer charging receipts, more miles — but does the math work? Tesla has launched a new incentive bundle, the “Luxe Package”, for its flagship Model S and Model X, rolling in several…
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