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Morgan Stanley Downgrades Lucid, Rivian to Sell, Warns of 'EV Winter' Into 2026
Lucid

Lucid Cuts 18% Of US Workforce, Eliminates COO Role In Napoli’s First Major Move

Lucid Group cut roughly 18% of its U.S. workforce on Monday, its second mass layoff in four months, and eliminated the chief operating officer position. The move removes Marc Winterhoff, who ran Lucid as interim chief executive for more than a year. It is the first major operational decision from Silvio Napoli, the former Schindler…

Porsche Reverses Its Own Stance, Gives 2027 Taycan The Fake Gears It Once Called a Bad Idea
Taycan

Porsche Reverses Its Own Stance, Gives 2027 Taycan The Fake Gears It Once Called a Bad Idea

Porsche has given the 2027 Taycan simulated gear shifting, a feature its own development driver publicly dismissed less than two years ago. The system, called E-Shift, lets drivers row through eight virtual gears using paddles on the GT Sport steering wheel, with a virtual rev limiter and gear-specific drag torque tuned to mimic engine braking.…

Tesla

Dutch Minister Backs RDW On Tesla FSD As Reuters Data Doubts Reach Parliament

Dutch transport minister Vincent Karremans told parliament on Tuesday, June 16, that the RDW did not lean on Tesla’s own safety figures when it approved Full Self-Driving (Supervised) for Dutch roads. The denial answers a Reuters investigation published the day before, which reported that Tesla handed regulators in the Netherlands and Sweden self-published statistics that…

BYD Recalls Nearly 97,000 EVs Over Potential Fire Risk
BYD

BYD Pays for Crashes Its Driver-Assist Causes, the Bill Tesla Still Hands to Owners

BYD will cover every dollar of an at-fault crash when its urban driver-assist system is steering, with no cap on the payout. The Chinese automaker pledged that guarantee on May 28 at its Intelligence Strategy Launch Event in Shenzhen, the same showcase where it revealed the XUANJI A3, which it calls China’s first homegrown 4-nanometer…

Model Y

China’s EV Dominance Came From City Hall, Not Beijing, And Washington Is Repeating Its Drone Mistake

New research published in The China Journal dismantles the story Washington tells itself about China’s electric vehicle rise. Political scientists Fengming Lu and Xiao Ma argue the boom was never engineered by a Beijing master plan. It grew from alliances between ambitious second-tier city governments and private carmakers that central regulators had locked out of…

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