Rivian CEO RJ Scaringe sent an internal memo to employees Thursday announcing the company’s third workforce reduction in four months, cutting roughly 600 jobs as the electric vehicle maker struggles with collapsed post-tax-credit demand. The carefully worded message emphasized “structural…
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”…
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…
Rivian CEO RJ Scaringe has hinted at a broader lineup of affordable electric vehicles, including the R4, R5, and potentially an R6, following the launch of the R2 in early 2026 and R3 in 2027. The comments came during his…
One paused letter, nine figures on hold. Rivian says NHTSA’s paperwork freeze has iced $100 million in credit deals. Electric truck maker Rivian is bracing for a $100 million revenue shortfall after the Trump administration halted the issuance of compliance…
In a world obsessed with speed, Chevy went full tortoise mode and won big: their Silverado EV clocked 1,059.2 miles on one charge, blowing past records and showing what your electric truck could do with a little patience. A team…
Carmakers in the UK have initiated substantial price cuts on electric vehicles to leverage a surge in consumer interest, even as confusion persists over a newly announced government grant program that has yet to fully launch. This move highlights growing…
Uber has re-entered the autonomous vehicle arena by investing $300 million in Lucid Motors, partnering with the EV maker and self-driving tech firm Nuro to build a fleet of robotaxis based on the Lucid Gravity electric SUV. 12 This move…
Lucid Group Inc.‘s interim CEO Marc Winterhoff has cautioned that proposed tariffs under President Donald Trump will elevate automobile production costs, affecting even vehicles assembled in the United States. This development stems from the automotive industry’s reliance on a global…
Lucid Motors delivered fewer vehicles than expected in the second quarter of 2025, but analysts at Benchmark maintain a positive outlook on the company’s growth trajectory. This confidence stems from a recent meeting with Lucid’s CFO and strong production figures,…
The electric vehicle (EV) industry celebrates a milestone as the Lucid Air Grand Touring shatters the Guinness World Record for the longest drive on a single charge. Covering 749 miles (1,205 kilometers) from St. Moritz to Munich without recharging, this…
President Trump’s “Big Beautiful Bill,” slated for signing in the coming days, delivers a seismic shift to electric vehicle (EV) incentives, Zero-Emission Vehicle (ZEV) credit systems, and clean energy policies. This legislation, detailed by EV industry analyst Sawyer Merritt, reshapes…
On July 3, 2025, shares of Rivian Automotive Inc. and Lucid Group Inc. surged by up to 4.6% and 8.8%, respectively, following a BNP Paribas analysis suggesting that the electric vehicle (EV) manufacturers could benefit from President Donald Trump’s tax…
On July 2, 2025, Lucid Group, Inc. reported a 38% increase in second-quarter vehicle deliveries, reaching 3,309 electric vehicles (EVs), up from 2,394 in Q2 2024. However, the figures missed Wall Street’s expectations of 3,611 units, reflecting challenges in the…
Peter Rawlinson, a trailblazing British engineer and Autocar’s 2025 Sturmey Award winner, is reshaping the electric vehicle (EV) landscape with his vision for efficiency at Lucid Motors. As the mastermind behind the Tesla Model S and Lucid Air, Rawlinson champions…
A software issue in select BMW electric vehicles could lead to a sudden loss of drive power, prompting a recall of 70,852 units, the National Highway Traffic Safety Administration (NHTSA) announced. This defect, affecting popular models like the 2022-2025 BMW…
Lucid Motors CEO Marc Winterhoff has urged Congress to preserve the $7,500 federal electric vehicle (EV) tax credit, warning that its elimination could cripple startups like his in a competitive market. As the Senate prepares to vote on a bill…
Tesla has achieved a historic milestone with the first fully autonomous delivery of a Model Y to a customer’s home, completed a day ahead of schedule on June 27, 2025. The delivery, which navigated highways and local roads with no…
Lucid Motors is advocating for the $7,500 EV tax credit to remain in place for emerging automakers through 2026, arguing it levels the playing field against established brands. Interim CEO Marc Winterhoff emphasized fairness, noting that legacy manufacturers have long…
Lucid Motors is redefining electric vehicle (EV) production by using fewer parts and prioritizing domestic suppliers, a strategy that enhances efficiency and resilience, according to VP of Engineering James Hawkins. Speaking at AutoTech 2025, Hawkins outlined how this approach delivers…
Swedish pension fund AP7 has made headlines by blacklisting Tesla and selling its entire stake in the U.S. electric vehicle (EV) maker, citing violations of union rights. The decision, announced on June 13, 2025, reflects growing scrutiny of labor practices…
Tesla has launched refreshed versions of its flagship Model S and Model X electric vehicles, introducing subtle design tweaks, enhanced technology, and a $5,000 price increase across all trims. Announced on June 12, 2025, these updates aim to refine the…
Lucid Motors is making waves in the electric vehicle (EV) industry by rolling out attractive pricing and incentives for its 2025 Lucid Air lineup, as announced on their official website. With lease options starting as low as $519 per month…
In a surprising turn at the White House, President Donald J. Trump announced that Elon Musk will step away from his role in the Department of Government Efficiency (DOGE) during a press conference scheduled for May 30, 2025, at 1:30…
Tesla is refining its flagship electric sedan, the Model S Plaid, with a prototype recently spotted lapping the Nürburgring in Germany. According to Autoblog, the 2025 refresh brings minor visual tweaks but leaves fans wanting more significant changes to keep…
Tesla shareholders are pressing CEO Elon Musk to commit to a minimum of 40 hours per week managing the electric vehicle (EV) giant, as the company grapples with a sharp drop in stock price and falling sales. A letter from…
The electric vehicle (EV) market is facing a turbulent shift as used Tesla resale values have taken a sharp dive in 2025, driven by a mix of oversupply, consumer sentiment, and industry-wide depreciation trends. According to a recent Forbes report,…
Wedbush analyst Dan Ives boosted Tesla’s price target from $350 to $500, spotlighting the electric vehicle giant’s leadership in autonomous driving technology as a key driver for growth. In an interview with Bloomberg, Ives shared his bullish outlook, emphasizing Tesla’s…
J.P. Morgan Chase increased its stake in Tesla by 9.5% (or 3.43 million shares) in the first quarter of 2025, according to its latest 13F filing with the SEC. The asset manager held 39,415,548 shares in Tesla as of March…
Lucid Group Inc., backed by Saudi Arabia’s sovereign wealth fund, is advocating for tariffs on foreign vehicles to strengthen the kingdom’s nascent auto manufacturing sector and reduce its heavy reliance on imports. Interim CEO Marc Winterhoff stressed the urgency of…
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