Monarch Tractor’s collapse ends with an acquisition by Caterpillar
The startup had faced mounting pressure from dealers, farmers, and a co-founder who complained that Monarch’s tech didn’t work properly.
electric vehicles
Lucid Motors names new CEO, lands more money from Uber and Saudis
The search for a new CEO, which lasted over a year following the sudden resignation of Peter Rawlinson, is finally over.
Slate Auto raises $650M to fund its affordable EV truck plans
Slate Auto’s latest funding round was led by existing investor TWG Global, a firm run by LA Dodgers owner Mark Walter.
Slate Auto: Everything you need to know about the Bezos-backed EV startup
Slate auto burst onto the scene in April 2025. Here is a timeline that covers its origins, backers, product, and other new details.
Volkswagen drops all-electric ID.4 in the US in pivot back to gas SUVs
All resources at its U.S. factory are aimed at the upcoming Atlas SUV.
Tesla’s Texas factory workforce reportedly shrunk 22% in 2025
Tesla’s headcount fell from 21,191 workers to 16,506 workers in 2025, according to a report, as it grappled with its second straight year of declining sales.
Tesla’s cheaper vehicles aren’t helping its declining sales
The company’s deliveries in the first quarter were just 6% higher than last year, and Tesla now faces a third straight year of falling sales.
Lucid Motors recalls over 4,000 Gravity SUVs citing improperly welded seat belts
The company struggled with quality issues when Gravity production started last year, and the new recall shows it’s not out of the woods yet.
Rivian gets another $1B from Volkswagen
The two companies have been collaborating on a joint venture that would see Rivian tech go in VW’s EVs.
Sony and Honda give up on their joint EV project
The Sony-Honda joint venture has killed plans for its Afeela sedan and SUV electric vehicles. The news comes shortly after Honda reversed its plans to launch more electric vehicles in the U.S.