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.
Electric Car Sales Climb Sharply Despite Shortages
A scarcity of semiconductors and raw materials held back production, but buyers remain enthusiastic.
Advanced Batteries Move From Labs to Mass Production
Makers of batteries that could charge in a few minutes are setting up assembly lines, bringing the technology a big step closer to auto showrooms.
Ford Quarterly Sales Were Up Slightly From Last Year
The automaker sold 483,688 vehicles in the United States in the second quarter.
Tesla to Cut 10% of Salaried Staff, Musk Tells Employees
The electric carmaker has been growing fast in recent years, but Elon Musk, its chief executive, appears to be concerned about a weakening economy.
Ford Plans 6,000 New Union Jobs in Three Midwestern States
The automaker said the move would further its electric-vehicle goals. It may also defuse tensions with the U.A.W. ahead of contract talks next year.
Stellantis and Samsung to spend $2.5 billion on an electric vehicle battery plant in Indiana.
The automaker, which owns Jeep and Ram, is seeking to catch up in a global race to build electric cars and trucks.
Tesla’s Aura Dims as Its Plunging Stock Highlights the Risks It Faces
Production problems in China and Elon Musk’s pursuit of Twitter are leading investors to wonder whether the electric car company is worth as much as they thought.
GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race
The General Motors chief says efficiencies, innovations and learning from mistakes will allow her company to become a leader in electric vehicles.