For Electric Vehicle Makers, Winners and Losers in Climate Bill
Carmakers may need several years to revamp their supply chains to meet new rules, but the legislation is still seen as a win for electric vehicles.
Rivian Lost $1.7 Billion in the Second Quarter
The maker of electric pickup trucks, vans and sport-utility vehicles increased its production forecast for the year, but only slightly.
Ford Raises Prices of F-150 Lightning Electric Truck
Demand for electric vehicles has been far stronger than the supply of battery materials like lithium, nickel and cobalt.
Tesla faces a pressure campaign from activist investors.
The automaker’s annual meeting will include votes on several proposals, including one on discrimination and another on board independence, that are opposed by its chief executive, Elon Musk.
Lucid Motors Slashes roduction forecast, blaming supply chain chaos.
The maker of luxury electric cars that hopes to challenge Tesla struggled to get parts and build vehicles in the second quarter.
Climate Bill ‘Transformative’ for Auto and Energy Industries
The Senate’s proposal aims to accelerate electric car sales and promote domestic battery manufacturing at China’s expense.
Seven Key Provisions in the Climate Deal
The $369 billion climate and tax bill would affect every aspect of U.S. energy production, with incentives for producers and consumers to move away from fossil fuels.
Energy Department will lend G.M. and LG $2.5 billion to build battery factories.
The loan will help the automaker and its supplier build electric vehicle battery factories in Ohio, Tennessee and Michigan.
Tesla will spend more to increase production at two new factories.
Tesla said it expected capital expenditures to be $6 billion to $8 billion in 2022, up from an April forecast of $5 billion to $7 billion.
Tesla Profit Falls in Second Quarter
The world’s largest maker of electric cars struggled with production problems in China.