Workhorse cut its deliveries estimate for the full year, blaming supply-chain issues. But the company said it’s still on track for longer-term milestones. Go to Source
Author: CNBC Online news
Baidu’s robotaxis don’t need any human staff in these parts of China
Baidu announced Monday it became the first robotaxi operator in China to obtain permits for selling rides with no human staff inside the cars. Go to Source
Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots
Elon Musk took shots at Twitter on Saturday, and dared CEO Parag Agrawal to debate him in the midst of a legal battle over a $44 billion acquisition gone awry. Go to Source
California DMV accuses Tesla of deceptive practices in marketing Autopilot and Full Self-Driving options
Elon Musk’s electric car business risks more than its reputation — the company could temporarily lose the licenses which allow it to operate in California. Go to Source
Elon Musk predicts mild 18-month recession, teases possible share buybacks
At the 2022 Tesla shareholders meeting, CEO Elon Musk suggested that peak inflation is past, pointing to prices it’s paying for commodities. Go to Source
Lordstown Motors expects limited production and deliveries of electric pickup in 2022
Lordstown said production of its Endurance electric pickup will be slow and largely reliant on capital availability. Go to Source
Nikola’s revenue tops expectations on delivery of 48 electric trucks
Nikola’s second-quarter revenue beat Wall Street’s expectations as it shipped 48 trucks and confirmed its full-year guidance Go to Source
Hyundai to export heavy-duty hydrogen electric trucks to Germany
The hydrogen electric trucks sent to Germany will bolster the XCIENT Fuel Cell’s presence in Europe. Go to Source
Fisker on track to start production of its electric Ocean SUV this year, now has 56,000 reservations
Fisker’s second-quarter loss was narrower than expected as it confirmed that production of the Ocean is still on track and reservations are rising Go to Source
EV maker Lucid again cuts production targets as logistics challenges cripple output
Supply chain and logistics challenges mean demand for Lucid’s EVs far outpaces its output. Go to Source