E.V. Start-up Founder Could Get Prison Term in Fraud Case
Trevor Milton, who founded the truck company Nikola, will be sentenced on Monday in a fraud case that exposed the excesses in the electric vehicle business.
Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
Federal Investigators Widen Tesla Inquiry, Company Says
The Department of Justice has sought documents related to vehicle range and “personal benefits,” Tesla said.
Battle Over Electric Vehicles Is Central to Auto Strike
Carmakers are anxious to keep costs down as they ramp up electric vehicle manufacturing, while striking workers want to preserve jobs as the industry shifts to batteries.
Toyota’s Dominance Threatened by Rise of Electric Vehicles
The world’s largest carmaker dominates the sales of hybrid cars but has been slow to sell all-electric vehicles, alienating some customers and hurting sales.
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.
Tesla Changed a Deadline for Investor Proposals, Angering Activists
Some shareholders saw the automaker’s decision to move up the deadline by two months as a way to suppress criticism during the company’s annual meeting on Tuesday.
Elon Musk’s Twitter Show Makes Sense. Yes, Really.
Elon Musk’s seemingly erratic behavior is rational if one looks at the true source of his wealth.
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’s Profit Dropped Sharply in First Quarter as It Cut Prices
The electric carmaker has reduced prices by thousands of dollars this year to bolster demand and fend off competition.