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Rivian, Lucid Poised to Gain as Trump Tax Bill Ends EV Credits
Rivian

Rivian Pays $250 Million to Settle IPO Fraud Lawsuit as Company Cuts 600 Jobs

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 arrives at a critical juncture for the struggling EV startup. On the same day it…

Tesla Spain Sales Drop 8.75% in November While EV Market Doubles - Hybrids Take Lead as Electric Vehicle Sales Plummet in California—A Wake-Up Call for EV Industry
BYD

Tesla Bets Its Future on Aging Models While BYD Launches Cars Twice as Fast

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 experts warn this aging product lineup threatens Tesla’s market position as competitors flood showrooms with…

Rivian’s $120M Supplier Park in Illinois Signals EV Production Boom by 2026
Rivian

Rivian Slashes 600 Jobs as Trump’s EV Policy Upends 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 by The Wall Street Journal, mark the third workforce reduction in just four months for…

Uber Launches $4,000 EV Grants For Drivers As Federal Tax Credit Expires
Tesla

Uber Launches $4,000 EV Grants For Drivers As Federal Tax Credit Expires

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” while rolling out its Go Electric grants to drivers in California, New York, Colorado, and…

Tesla Q3 Earnings: Record Deliveries Hide Looming Post-Tax Credit Reality
Tesla

Tesla Q3 Earnings: Record Deliveries Hide Looming Post-Tax Credit Reality

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 electric vehicle maker delivered 497,099 vehicles in Q3, crushing analyst estimates and marking one of…

Tesla VP Defends China Ties After Report Company Is Cutting Chinese Parts From US Cars
Tesla

Parents Smash Tesla Windows to Save Trapped Children as NHTSA Investigates

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 investigation into the 2021 Model Y, where electronic handle failures have reportedly trapped occupants, including…

Tesla

EV Buyers Rush to Secure Deals Ahead of Federal Tax Credit Expiration

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 steeply discounted lease offers drawing in new and repeat buyers alike, reports the WSJ. Deep…

Tesla Spain Sales Drop 8.75% in November While EV Market Doubles - Hybrids Take Lead as Electric Vehicle Sales Plummet in California—A Wake-Up Call for EV Industry
California

Hybrids Outsell Electric Vehicles in California as EV Registrations Drop

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 slump, challenging the state’s long-term zero-emission vehicle targets. Hybrid Vehicle Registrations Climb as EV Market…

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