Rivian has reported its first-quarter earnings, showing the company has slightly beat its earnings expectations, bucking the industry trend. The EV startup segment has been going through the wringer this week. Fisker reported earnings earlier today, indicating that the business is suffering from weakening demand and a flimsy financial position, following a very similar report […]
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Porsche has announced that it will work with Intel’s Mobileye unit to introduce autonomous driving features to upcoming models. One of the least-known competitors in the autonomous vehicles sector is Intel’s Mobileye division, which has been quietly rising in popularity over the past decade. Mobileye has inked numerous partnerships with brands across the globe, including […]
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Tesla has received a public letter from a group of U.S. Senators asking the company to alter its policy regarding forced arbitration. Tesla and its CEO, Elon Musk, are no strangers to receiving public letters from the United States Senate. Senators, notably Richard Blumenthal and Elizabeth Warren, have often raised concerns regarding the company’s policies […]
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Fisker has released its Q1 earnings report, and much like earnings from other EV startups this week, it’s a bloodbath. Lucid Motors was the first domino to fall this week, releasing its Q1 earnings report, which showed investors weakening demand, a flimsy financial position, and a disheartening production forecast. Now, Fisker has released its Q1 […]
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Lucid has reported its first-quarter 2023 earnings, which come at a pivotal time for the EV startup business and segment more generally. When Lucid and many other EV startups entered the industry, the investing dollars flowing into their ventures seemed endless, but as investors have become more cautious regarding EV ventures and the market has […]
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Lucid has reported its first-quarter 2023 earnings, which come at a pivotal time for the EV startup business and segment more generally. When Lucid and many other EV startups entered the industry, the investing dollars flowing into their ventures seemed endless, but as investors have become more cautious regarding EV ventures and the market has […]
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Berkshire Hathaway leaders Warren Buffet and Charlie Munger praised Tesla CEO Elon Musk at their annual shareholder meeting last week. Warren Buffet and Charlie Munger haven’t exactly been the biggest fans of Elon Musk or the Tesla business, and they haven’t been shy from explaining their lack of investment in Musk’s venture. Nonetheless, the two […]
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Drone imagery of the upcoming Tesla lithium refinery just outside Corpus Christi, Texas, shows the facility is already coming together. With battery-grade lithium quickly becoming the supply bottleneck of the automotive industry, Tesla has decided to enter the market by establishing its own lithium refinery in Southern Texas. Now, ahead of the groundbreaking ceremony later […]
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Lucid Motors representatives have been spotted at a Tesla Supercharger location in California, following a startling trend in the industry. As more and more automakers have entered the EV market, the difficulty of attracting new customers has become increasingly apparent. Perhaps nowhere has this been seen more than in the world’s two largest markets, China […]
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Elon Musk is attending this weekend’s Formula 1 Gran Prix in Miami and has called for a race between pure EVs and hybrid-gas vehicles. Formula 1 has been one of the leading forces behind the development of the internal combustion engine, but with the age of ICE vehicles on the decline, the renowned racing series […]
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