Tesla says Cybercab employee rides will begin soon at Giga Texas, though the company has not clarified whether that means a real shuttle service or little more than parking-lot trips.
Electric vehicle maker Tesla saw its revenue cut in half in the first quarter of 2024 compared to the same period last year. But despite this, the company’s stock saw a 12% jump on Wednesday thanks to promises of an earlier production of a cheaper EV model.
It was previously...
General Motors confirmed on Thursday its intention to market its all-electric Cadillac vehicles in Switzerland as well as other European countries. This marks the company's return to the European market after selling the Opal and Vauxhall brands in 2017.
Jaclyn McQuaid, GM's European market head explained that direct-to-consumer sales of the...
Electric vehicle maker Rivian is jumping on the bandwagon of layoffs across the tech and car industries. According to Bloomberg, the company is plotting a restructure in upcoming weeks that will see at least 5% of its 14,000 employees being laid off. The decision comes after Rivian doubled the...
Evergrande NEV, the electric vehicle (EV) business unit of China Evergrande Group, announced that it is currently seeking regulatory authorization from China to begin the sale of its new line of Hengchi 5 sport-utility vehicles. According to one source, a Hengchi 5 vehicle was spotted driving around inside the...
Volvo Car AB is looking to raise 25 billion kronor ($2.9 billion) in a Stockholm IPO, making it the largest in Europe since January. This comes as the Swedish vehicle manufacturer looks to make headway into the electric vehicle sector.
The company revealed in a statement on Monday that it's...
Russian tech giant Yandex is moving to acquire the Israeli e-scooter ride-sharing company Wind, thereby expanding its portfolio in the country. Yandex announced last week that the deal is expected to be concluded by the end of the week. The specific terms of the deal remain undisclosed.
Currently, Wind operates...
EV maker Tesla Inc revealed on Saturday its electric vehicle delivery figures for the third financial quarter, significantly exceeding experts' estimates. As Elon Musk urged staff to "go super hardcore" in their Q3 sales push, Tesla deliveries surged by 20% in the period of July to September, thus marking...
Rivian Automotive lost nearly $1 billion in the first half of the year, as was disclosed by the company's IPO filing as shown on Friday. The electric vehicle maker, which is backed by both Amazon.com Inc and Ford, has engaged in an aggressive production strategy, ramping up manufacturing...
Ford Motor Co announced on Tuesday that it will now require all US-based employees to submit their vaccination status against COVID-19. With a deadline of October 8th, this requirement is mandatory for both salaried and hourly employees.
The company has decided to take a stricter approach to health guidelines after...