Rivian hopes to take on Tesla with its outdoor adventure trucks and SUVs. And its deal with Amazon could help it succeed. Go to Source
Author: CNBC Online news
Cash is king for EV makers as soaring battery prices drive up vehicle production costs
Rising costs and new federal regulations are adding new cost pressures to what was already an expensive process. Go to Source
Ford hikes price of electric Mustang Mach-E by as much as $8,475 due to ‘significant’ battery cost increases
Ford said the markups are due to “significant material cost increases, continued strain on key supply chains” and market conditions. Go to Source
California bans the sale of new gas-powered cars by 2035
The historic rule, issued by the California Air Resources Board on Thursday, will force automakers to speed up production of cleaner vehicles starting in 2026. Go to Source
Tesla threatens to sue critic over ads showing its car hitting kid-sized mannequin
Software company CEO Dan O’Dowd paid for an ad that purports to show Tesla’s FSD system isn’t safe. The automaker disagrees, calling it “misinformation.” Go to Source
Chinese EV maker Xpeng teases two new cars — and one will compete with Tesla’s Model Y
Xpeng President Brian Gu said one of the vehicles will launch in the first half of next year and can be considered a “strong competitor” to Tesla’s Model Y. Go to Source
‘We don’t see any slowdown’ from superrich car buyers, says Bugatti Rimac CEO
Bugatti Rimac CEO Mate Rimac said the maker of a new sold-out supercar isn’t seeing any signs of a slowdown among its wealthy buyers. Go to Source
Tesla stock set for 3-for-1 split after market close
Tesla shares will begin trading on a split-adjusted basis Thursday. Go to Source
Chinese Tesla rival Xpeng tanks 12% after wider-than-expected loss and weak car delivery guidance
Xpeng said it expects to deliver between 29,000 and 31,000 electric vehicles in the third quarter, lower than what the market had expected. Go to Source
Ford to eliminate 3,000 jobs in an effort to cut costs
Ford Motor is cutting about 3,000 jobs from its global workforce, a majority of which are in North America. Go to Source