Rivian Lost $1.7 Billion in the Third Quarter
The electric truck maker said it had enough cash to fund its operations through 2025.
Lucid Said It Will Raise Up to $1.5 Billion in Capital
The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.
By David Wallace-Wells
There's plenty of bad news. But thanks to real progress, we're headed toward a less apocalyptic future.
Ford Lost Money in the Third Quarter as Costs Surged
The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.
How Biden Uses His ‘Car Guy’ Persona to Burnish His Everyman Image
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.
GM Reports Increased Profits in Third Quarter Amid High Inflation
General Motors sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
G.M. Reports Jump in Profit on Strong Sales
The automaker sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
Tesla Cuts Prices in China in Sign of Slowing Demand
Shares of the company slumped as investors worried about increasing competition.
An Activist Short Seller Gets His Day in Court
Nathan Anderson, who exposed evidence of fraud at Nikola, says he feels vindicated by its founder’s conviction.
E.V.s Start With a Bigger Carbon Footprint. But That Doesn’t Last.
The manufacturing and disposal of electric vehicles result in more greenhouse gases than nonelectric models, but that difference will eventually disappear altogether.
Tesla’s Profit Jumped in Third Quarter on Strong Sales
The electric carmaker is growing fast but investors are worried that sales are starting to slow because of higher prices and interest rates.
Biden Expands Effort to Lower Gas Prices and Secure Energy Independence
Draining of emergency oil reserves draws criticism that the White House is trying to lower gas prices with midterm election politics in mind.
E.V. Bonanza Flows to Red States That Denounce Biden Climate Policies
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.
Nikola Founder Trevor Milton Is Convicted of Fraud
Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.
Biden’s ‘Made in America’ Policies Anger Key Allies
The president’s plans to bolster America’s electric vehicle and battery production have opened a rift in relationships in Asia and Europe.
Elon Musk Has Some Bad Ideas for Mass Transit. We Have Solutions.
Innovation is important, but Elon Musk’s impractical transit inventions do nothing to help solve today’s problems.
Elon Musk Has Some Bad Ideas for Mass Transit. We Have Solutions.
Innovation is important, but Elon Musk’s impractical transit inventions do nothing to help solve today’s problems.
Lucid Increases Electric Vehicle Production but Still Faces Challenges
The maker of electric sedans said it would hit its scaled-back production targets for 2022 after facing supply hurdles.
Rivian Recalls 13,000 Electric Vehicles Over a Steering Issue
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.
G.M. Reports 24% Increase in Auto Sales for Quarter
The automaker’s performance indicates that the global semiconductor shortage is beginning to ease.