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.
Red Flags for Forced Labor Found in China’s Car Battery Supply Chain
Ties to potentially coercive labor practices could prove a problem for an industry that is heavily dependent on China, once a new law barring Xinjiang products goes into effect.
Biden Administration Begins $3 Billion Plan for Electric Car Batteries
The Biden administration is planning a major shift to electric vehicles, but experts say it requires a secure, resilient supply of critical minerals.
Tesla’s Profits Jumped in the First Quarter but Challenges Loom
The electric carmaker had to close an important factory in Shanghai because of China’s efforts to stamp out a coronavirus outbreak.
Tesla’s Sales Jumped in the First Quarter, Bucking Industry Trend Again
The electric carmaker maintained its momentum from last year even as larger automakers continue to struggle with parts shortages.
How the War in Ukraine Could Slow the Sales of Electric Cars
The price of nickel, an essential ingredient in most batteries, has soared because of fear that Russian supplies could be cut off.
Mercedes Opens Alabama Battery Plant, Part of a Southern Wave
The German automaker, which has made cars in the state for decades, has invested $1 billion in a factory to supply the power for electric vehicles.
Rivian Pares Delivery Targets for 2022, Citing Supply Problems
The company said it expected to produce only 25,000 electric vehicles this year, adding a new cloud to its outlook only months after a hot I.P.O.
The U.S. is planning to boost supply of minerals needed for electric vehicles.
The White House effort is part of a push to reduce America’s dependence on foreign products, particularly those from China.
Ukraine’s Russia Crisis Reveals the West’s False Sense of Energy Security
America must secure the raw materials that a clean energy future requires.