Lucid Motors doesn’t know how many EVs it will build this year
Lucid Motors pulled its guidance for the year, as it navigates swelling inventory and a companywide cost-cutting measure.
Lucid Motors pulled its guidance for the year, as it navigates swelling inventory and a companywide cost-cutting measure.
The startup has put a spin on repurposing EV batteries, CEO Edward Chiang told TechCrunch.
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.
The perpetually struggling EV company made the payments while being investigated by the SEC. That four-year probe was ultimately closed in March.
Porsche will start selling the Cayenne Coupe Electric in late summer.
The company is following through on its promise to not let Musk “double dip” if he won his appeal to restore Tesla’s 2018 compensation package, worth $56 billion.
Sales rebounded a bit from the first quarter of 2025, as Tesla throws a ton of money at massive bets like robotics, AI, and its own chip fab.
The company’s all-important mass-market EV is just about ready to start heading to customers.
The company is restructuring some teams to accommodate a booming energy storage business, according to emails viewed by TechCrunch.