A deal designed to force compliance with tougher emissions standards is as risk after the Trump administration intervened.
Lyten will acquire German and Swedish factories built by Northvolt, which declared bankruptcy in March.
Lyft and Baidu plan to start service early next year, joining Uber and Momenta in using electric cars from China, which are the least expensive even with tariffs.
Tesla has awarded its chief executive a “first step payment worth roughly $29 billion to replace a plan blocked by a Delaware judge..
The “interim” package announced on Monday was intended to help retain Elon Musk, whose previous pay plan was invalidated by a judge. The car maker’s chief has hinted that he needed a larger stake in the company.
President Trump and Republicans in Congress are eliminating federal incentives to buy electric vehicles, but carmakers need to keep selling and investing in them.
President Trump and Republicans in Congress are eliminating federal incentives to buy electric vehicles, but carmakers need to keep selling and investing in them.
Lawyers for the family of a woman struck and killed by a Tesla sedan in 2019 argued that the company’s Autopilot software should have avoided the crash.
The company estimated that duties on imported cars and car parts would cost it $2 billion this year.
The agency’s administrator said in a podcast that the move would be “the largest deregulatory action in the history of America.”