Harbinger raises $160M, will build trucks for FedEx
The Los Angeles-based startup will build more than 50 electric truck chassis for the delivery giant by the end of this year.
EVs
Self-driving trucks startup Einride plans to go public via a SPAC
The Swedish startup just raised $100 million from investors last month.
Norway’s wealth fund vote is latest blow to Musk’s $1 trillion pay package
Elon Musk is pushing for a $1 trillion performance pay package. Another major shareholder has said no.
GM cuts thousands of EV and battery factory workers
The automaker has been on a tear of cuts to its workforce, and will idle two battery factories for the first half of 2026.
Rivian will pay $250M to settle lawsuit over R1 price hike
The three-year-old lawsuit centered on Rivian’s sudden decision to increase prices on the R1 lineup in 2022, which sank the stock price.
Rivian CEO takes top marketing role in shakeup ahead of R2 launch
Founder and CEO RJ Scaringe will be wearing yet another hat as the company preps for arguably its most important vehicle launch — the mass market R2 SUV — in 2026.
Elon Musk frets over controlling Tesla’s ‘robot army’ as car biz rebounds slightly
Tesla’s profit actually fell 37% compared to the same period last year, despite buyers rushing to take advantage of the expiring EV tax credit.
Tesla’s record sales quarter barely boosted profit
Tesla’s profit actually fell 37% compared to the same period last year, despite buyers rushing to take advantage of the expiring EV tax credit.
Rivian spinoff Also reveals a high-end modular e-bike for $4,500
The first in a lineup of new vehicles from Also, which started as a skunkworks project inside of Rivian a few years ago.
GM’s under-the-hood overhaul puts AI and automated driving at the center
The U.S. automaker’s technological overhaul will debut in two years with the Cadillac Escalade IQ.