Tesla Sales Slip as It Readies Factories for New Models
Analysts expected a decline in sales for the quarter. Still, the dip may raise concerns about flagging demand.
Tesla’s Profit Rose in the Second Quarter as Price Cuts Spurred Demand
Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.
Ford Slashes Price of Electric F-150 Lightning as Demand Weakens
Sales of electric vehicles have slowed recently partly because prices of some models like the F-150 Lightning had risen a lot.
Ford’s U.S. Sales Rose 10% in the Second Quarter
The automaker saw a big jump in deliveries of pickup trucks as demand from consumers and businesses remained strong.
G.M.’s Sales Jumped 19% in the Second Quarter
The biggest U.S. automaker sold more trucks and sport-utility vehicles as supply chain problems eased and demand remained strong.
Exxon and Chevron Report More Modest Profits as Oil Prices Ease
The oil industry enjoyed record profits in 2022 after Russia invaded Ukraine, but the prices of oil and natural gas have fallen sharply in recent months.
Tesla Sales Jumped in the First Quarter
The electric car company’s decision to slash prices appears to have paid off in reviving demand.
LG Will Spend $5.5 Billion on a Battery Factory in Arizona
Investment plans for U.S. battery production have increased since President Biden signed a law that offers generous incentives for electric cars and green energy.
Falling Lithium Prices Are Making Electric Cars More Affordable
An unexpected decline in the price of an essential battery material, along with those of other commodities, is good news for buyers. But experts disagree on how long low prices will last.
Rivian Lost $6.8 Billion Last Year as Production Fell Short
The maker of electric trucks said it expected to double production in 2023 as the supply of parts became more reliable.
Lucid Steps Up Production as Supply Chain Problems Ease
The maker of electric luxury sedans said it made more than 7,000 cars in 2022, achieving a scaled-down target.
Ford Halts Production of Electric Pickup Over Battery Issue
The automaker cited a potential problem with the battery pack of the F-150 Lightning but said it was unaware of any incidents “in the field.”
Ford Said Sales in January Increased 2%
The company’s deliveries of electric vehicles more than doubled, compared with the same month a year earlier.
Ford Sales Dipped in 2022, but Electric Vehicle Deliveries Surged
The company’s production was limited by a global chip shortage but it made big gains in the fastest-growing segment of the auto market.
Elon Musk’s Distraction Is Just One of Tesla’s Problems
The maker of electric cars faces sharp competition, plummeting shares and production woes while its chief executive is preoccupied with Twitter.
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.
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.
Tesla Cuts Prices in China in Sign of Slowing Demand
Shares of the company slumped as investors worried about increasing competition.
India’s Electric Vehicle Push Is Riding on Mopeds and Rickshaws
The country’s success with two- and three-wheeled vehicles that sell for as little as $1,000 could be a template for other developing countries.