The kingdom is working to keep fossil fuels at the center of the world economy for decades to come by lobbying, funding research and using its diplomatic muscle to obstruct climate action.
A shareholder is asking the court to void a 2018 compensation package that has paid the chief executive nearly $50 billion.
While sales are still skewed toward affluent buyers, more people are choosing electric vehicles to save money.
The electric truck maker said it had enough cash to fund its operations through 2025.
The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.
The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.
In the run-up to the midterm elections next month, President Biden is hoping his gearhead reputation will appeal to some parts of the Trump base.
General Motors sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
The automaker sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
Shares of the company slumped as investors worried about increasing competition.
The manufacturing and disposal of electric vehicles result in more greenhouse gases than nonelectric models, but that difference will eventually disappear altogether.
The electric carmaker is growing fast but investors are worried that sales are starting to slow because of higher prices and interest rates.
No Republican in Congress voted for the Inflation Reduction Act. But their districts and states will greatly benefit from the investments spurred by the law.
Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.
The maker of electric sedans said it would hit its scaled-back production targets for 2022 after facing supply hurdles.
The announcement covers nearly all of the vehicles the company has delivered to date, though it said the problem had affected only a small number.
The automaker’s performance indicates that the global semiconductor shortage is beginning to ease.
The increase from the same period last year comes as competition grows among automakers producing electric vehicles in the United States.
Representative Dina Titus of Nevada has been targeted by congressional Republican leaders in their quest to win control of the House.
More electric cars will be sold in the country this year than in the rest of the world combined, as its domestic market accelerates ahead of the global competition.