Electric vehicle News & Breaking Stories

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Tesla stock surges 11% as Elon Musk accelerates plans for more affordable electric vehicles, despite recent profit decline.

Tesla disappoints with Q1 2024 results, missing earnings and revenue estimates. Caution on 2024 vehicle growth. Zacks Rank #5 (Strong Sell).

Tesla's first quarter adjusted earnings plunged 48%, but plans for a lower-priced model send shares up 8% in after-market trading.

US stocks fell on Monday due to concerns over Israel-Iran conflict escalation. Retail sales surged, but Treasury yield hit highest level of 2024.

Tesla announces over 10% staff reduction following disappointing Q1 report. CEO Musk cites cost reductions and productivity increase in internal memo.

Dow drops as Treasury yields spike, retail sales beat expectations. Goldman Sachs shines, Apple falls, Tesla faces layoffs. Geopolitical tensions rise.

Rivian unveils new electric SUVs, R2 and surprise R3, aiming for mainstream market with affordable $45,000 starting price.

Rivian's Scaringe and Hammoud team up to create innovative EVs, blending toughness with aerodynamics and friendliness for a unique design.

Rivian stock plunges 27% after disappointing investors. Company announces layoffs and $2.7 billion loss for 2024. EV market struggles.

Learn how lithium-ion batteries work and are manufactured in this viral video sponsored by LG Energy Solution and General Motors.

Nvidia stock jumps 5.1% after Goldman Sachs analyst raises price target to $800. Is it time to buy? Full analysis report available.

"Portnoy's risky Tesla investments plummet as stock hits 8-month low. Elon Musk's vision and challenges contribute to the decline."

Tesla's CEO Elon Musk discussed investor concerns about profitability, AI, humanoid robots, and Cybertruck deliveries in the fourth-quarter earnings call.

Tesla shares edged higher in early Monday trading after a Wall Street analyst cut his price target on the group.

Tesla's Cybertruck to be delivered tonight, 4 years after its reveal. $39,900, 3400kg towing capacity, 1360kg payload. Orders not available.

Rivian is seeing growing demand for its electric vehicles, but investors remain cautious due to market competition and financial challenges.

Ford has reached a tentative agreement with the United Automobile Workers (UAW) that includes a 25% wage increase and improved retirement benefits. The deal could influence future contracts with other automakers and potentially lead to increased costs. It is seen as a potential deterrent against labor unrest during Ford's transition to electric vehicles. Non-union automakers may face pressure to increase wages in response to Ford's move. The ability to produce innovative electric vehicles will be key in maintaining market position.

Tesla's stock drops after disappointing Q3 earnings, but temporary factors are impacting its bottom line. However, its dominant position and competitive advantages could lead to higher stock prices in the future.

North Dakota Gov. Doug Burgum criticized the recent Republican presidential primary debate for excessive crosstalk and lack of control.

Former President Donald Trump plans to deliver a speech in Detroit targeting union workers, as he skips the second Republican presidential debate to involve himself in a dispute between striking workers and automakers. Trump aims to win back working-class voters who supported Biden in the 2020 election.

Bill Gates and Elon Musk had a confrontational meeting in 2022 over Gates shorting $1.5 billion worth of Tesla stock, according to a new biography. Musk was upset and "super mean" to Gates during the meeting. The book also reveals Gates' criticism of Musk's beliefs on climate change and Mars colonization.

Rivian's stock drops despite better-than-expected quarterly results, analysts cautious about the company's future and stock direction.

Amazon's shares surged nearly 8% after the company reported a net profit of $6.7 billion in Q2, compared to a loss of $2 billion last year. The company's revenue increased 11% to $134.4 billion.

Tesla reports Q2 profits up 20% due to increased car sales.

Ford's F-150 Lightning faces competition from Tesla's Cybertruck, outcome uncertain.

Small EV manufacturer Rivian struggles financially and faces tough competition.