Rivian downsizes DOE loan to $4.5B of Georgia factory
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.
EVs
EV startup Faraday Future paid $7.5M to company tied to founder Jia Yueting
The perpetually struggling EV company made the payments while being investigated by the SEC. That four-year probe was ultimately closed in March.
Porsche is adding an all-electric Cayenne coupe to its lineup
Porsche will start selling the Cayenne Coupe Electric in late summer.
Tesla drops Musk’s $29B ‘interim’ award after Delaware court restored larger pay package
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.
Tesla Q1 revenue rises, driven by EV sales and FSD subscriptions
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.
Rivian R2 production has started despite tornado damage to factory
The company’s all-important mass-market EV is just about ready to start heading to customers.
Redwood Materials lays off 10% in restructuring to chase energy storage business
The company is restructuring some teams to accommodate a booming energy storage business, according to emails viewed by TechCrunch.
Amazon taps Sweden’s Einride for its electric big rigs
The agreement comes just as Einride is finalizing a merger with blank-check company Legato Merger Corp. to go public.
Ford EV and tech chief leaving automaker
Doug Field had stints at Apple and Tesla before joining Ford in 2021.
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.