Lucid shares fell as much as 14% on Thursday amid a selloff in electric vehicle stocks. The high-end EV maker is falling in sympathy with Tesla (TSLA) after the industry giant warned about supply-chain challenges. Despite Tesla’s top and bottom line beat for its fourth quarter, investors are focused on product delays and parts constraints. … Continue reading @niche: Lucid stock falls after rival Tesla warns about supply chain001603
Tag: Tesla
‘We Wanna Lead In EVs’: GM CEO Mary Barra Speaks On Investments In Electric Vehicles – CBS Detroit
(CBS Detroit) — General Motors announced plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant. In an exclusive interview, CEO Mary Barra discussed the future as well as its setbacks. READ MORE: Tesla Posts Record Profit, Won’t Produce New Models In… Continue reading ‘We Wanna Lead In EVs’: GM CEO Mary Barra Speaks On Investments In Electric Vehicles – CBS Detroit
LG Ensol will produce batteries for 2.8 million electric vehicles yearly in the US
As LG Energy Solution and General Motors (GM) of the United States confirmed the construction of the third electric vehicle battery joint plant, and they have secured an annual 160GWh joint plant in the United States alone. With global automakers declaring the internalization of batteries one after another, LG Energy Solutionhas secured a solid future… Continue reading LG Ensol will produce batteries for 2.8 million electric vehicles yearly in the US
Musk’s bets on Tesla: human-like robots and self-driving cars
The interior of a Tesla Model S is shown in autopilot mode in San Francisco, California, U.S., April 7, 2016. REUTERS/Alexandria Sage/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Tesla’s (TSLA.O) most important products this year and next will not be cars, Chief Executive Elon Musk said on… Continue reading Musk’s bets on Tesla: human-like robots and self-driving cars
Rivian Plans to Spend $5 Billion on a Second EV Plant in Georgia
Rivian Automotive, an electric vehicle company that had an initial public offering last month, said on Thursday that it planned to spend $5 billion to build its second factory, in Georgia. The announcement, which came on the same day that Rivian said it lost $1.2 billion in the three months ending in September, was the… Continue reading Rivian Plans to Spend $5 Billion on a Second EV Plant in Georgia
Tesla is not working on its $25,000 electric car at the moment, says Elon Musk
Elon Musk confirmed that Tesla is not working on its previously announced $25,000 electric car right now because it has “too much on its plate”. At Tesla Battery Day in 2020, CEO Elon Musk announced that Tesla will be making a $25,000 electric car. The CEO commented in the announcement: Tesla will make a compelling… Continue reading Tesla is not working on its $25,000 electric car at the moment, says Elon Musk
Stellantis says it’ll increase share of China JV to boost Jeep, but partner says it didn’t agree
The maker of Jeep said on Thursday it will take majority ownership in its joint venture with one of its Chinese automaker partners in an effort to boost the SUV brand in a market particularly hungry for them. But Guangzhou Automobile Group Co. Ltd. said it didn’t know about the plans. Stellantis NV says it will increase its share to… Continue reading Stellantis says it’ll increase share of China JV to boost Jeep, but partner says it didn’t agree
Mercedes-Benz to develop solid-state batteries with Taiwan partner
SHANGHAI (Reuters) — Taiwanese battery maker ProLogium Technology Co on Thursday said it has signed a cooperation agreement with Daimler AG’s Mercedes-Benz to build test vehicles equipped with co-developed solid-state batteries in the coming years. ProLogium in a statement said it will receive “high double-digit” million euros in investment from the German luxury car maker… Continue reading Mercedes-Benz to develop solid-state batteries with Taiwan partner
Tesla sees supply chain woes stretching through 2022
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Elon Musk says ‘don’t forget about my robots’ as Roadster, Semi, Cybertruck deadlines slip
What’s more important to Elon Musk? A hugely successful business selling critically lauded electric vehicles or the sci-fi dream of a humanoid robot that doesn’t exist outside of a slide deck? Well, if you’re familiar with Musk’s modus operandi, you won’t be surprised that Musk has declared the latter — a non-existent robot — to… Continue reading Elon Musk says ‘don’t forget about my robots’ as Roadster, Semi, Cybertruck deadlines slip