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Stellantis 'In The Black' On EVs In The U.S. And Europe, CEO Says

Stellantis 'In The Black' On EVs In The U.S. And Europe, CEO Says

By "EVs," Carlos Tavares meant "electrified vehicles" (BEV+PHEV+HEV), as Stellantis currently has zero BEVs on sale in USA.
By Dan Mihalascu Dec 7 2023
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Tesla Insurance Facing Prospective Class Action Suit Over ‘Inflated’ Premiums

Tesla Insurance Facing Prospective Class Action Suit Over ‘Inflated’ Premiums

A California judge denied Tesla’s car insurance business bid to dismiss the consumer protection lawsuit.
By Iulian Dnistran Dec 5 2023
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Financial Analyst Says Tesla Should Cancel The Cybertruck

Financial Analyst Says Tesla Should Cancel The Cybertruck

2024 is “already a lost year for growth,” Jefferies analyst Phillipe Houchois wrote.
By Iulian Dnistran Nov 21 2023
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Rivian Raises Production Goal Again After Strong Q3 Results

Rivian Raises Production Goal Again After Strong Q3 Results

The California-based EV maker is confident it can make over 50,000 vehicles this year.
By Iulian Dnistran Nov 8 2023
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Lucid Lost $430,000 For Every Car It Sold In Q3

Lucid Lost $430,000 For Every Car It Sold In Q3

The American luxury EV maker cut its production guidance for this year after a weak quarter.
By Iulian Dnistran Nov 8 2023
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Ford Cuts EV Investment After Losing $36,000 On Every EV Sold In Q3

Ford Cuts EV Investment After Losing $36,000 On Every EV Sold In Q3

After posting a $1.3 billion loss in Q3, Ford's Model e EV unit said it would cut Mustang Mach-E production and delay a battery plant.
By Dan Mihalascu Oct 27 2023
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Tesla Q3 2023 Earnings Report: Profit And Revenue Below Expectations

Tesla Q3 2023 Earnings Report: Profit And Revenue Below Expectations

It's another profitable quarter for Tesla, but price cuts and factory downtime led Q3 to be a bit disappointing.
By Eric Loveday Oct 18 2023
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VinFast Posts $1.4B Loss Despite Growing Q3 Deliveries To 10,000 EVs

VinFast Posts $1.4B Loss Despite Growing Q3 Deliveries To 10,000 EVs

The EV maker delivered 10,027 vehicles in Q3 2023, up 5.2 percent from the previous quarter; most of them remained in Vietnam.
By Dan Mihalascu Oct 6 2023
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Rivian Has

Rivian Has "Very Clear" Path To Profitability, CEO Says

Rivian is currently losing about $33,000 per vehicle sold, but RJ Scaringe said the situation is "improving quarter to quarter."
By Dan Mihalascu Oct 4 2023
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Renault Plans IPO Of Ampere EV Unit In Spring 2024, CEO Says

Renault Plans IPO Of Ampere EV Unit In Spring 2024, CEO Says

In the run-up to the initial public offering, Renault will separate Ampere from the rest of the company on Nov 1, Luca de Meo said.
By Dan Mihalascu Aug 30 2023
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VinFast Is Now The World’s Third-Most Valuable Automaker

VinFast Is Now The World’s Third-Most Valuable Automaker

It’s behind only Tesla and Toyota, despite selling just 151 vehicles in the US in the first half of the year.
By Iulian Dnistran Aug 29 2023
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Tesla Supercharger Network To Become A Multi-Billion Dollar Business: Analyst

Tesla Supercharger Network To Become A Multi-Billion Dollar Business: Analyst

A Wall Street analyst estimated the Supercharger network to be worth three to six percent of Tesla’s revenues.
By Suvrat Kothari Aug 25 2023
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VinFast Worth $85 Billion After Going Public, More Than GM, Ford, VW

VinFast Worth $85 Billion After Going Public, More Than GM, Ford, VW

Shares of the Vietnamese EV maker closed at $37.06 in New York after its first day of trading.
By Dan Mihalascu Aug 16 2023
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Tesla Bull Sees Rivian As “One Of The Core EV Players Over The Next Decade

Tesla Bull Sees Rivian As “One Of The Core EV Players Over The Next Decade

Wedbush analyst Dan Ives says Rivian took "another big step in the right direction" with its second-quarter results.
By Iulian Dnistran Aug 11 2023
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Colorado Proposes Generous Electric Vehicle Incentives For New Buyers

Colorado Proposes Generous Electric Vehicle Incentives For New Buyers

The state appears to lead the charge in EV incentives alongside California.
By Suvrat Kothari Aug 10 2023
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The Strategy Behind Volvo's Recovery Of Import Tariffs On China-Made Cars

The Strategy Behind Volvo's Recovery Of Import Tariffs On China-Made Cars

The 25 percent import tariff imposed by the Trump administration can be recovered with certain exports.
By Suvrat Kothari Aug 9 2023
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Rivian Raises Production Guidance After Strong Q2 Earnings

Rivian Raises Production Guidance After Strong Q2 Earnings

Gross margins improved by 50% for the American EV maker in its best-ever quarter.
By Iulian Dnistran Aug 9 2023
0
Lucid Maintains Production Guidance Despite Underwhelming Q2 Results

Lucid Maintains Production Guidance Despite Underwhelming Q2 Results

While Q2 revenue and net loss missed market estimates, Lucid said it has enough cash to start production of Gravity SUV in late 2024.
By Dan Mihalascu Aug 8 2023
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Tesla CFO Zach Kirkhorn Steps Down After 13 Years At The Company

Tesla CFO Zach Kirkhorn Steps Down After 13 Years At The Company

Kirkhorn's successor as Tesla CFO is accounting head Vaibhav Taneja.
By Dan Mihalascu Aug 7 2023
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Fisker Reports Q2 2023 Losses, Cuts Production Target Due To Supply Woes

Fisker Reports Q2 2023 Losses, Cuts Production Target Due To Supply Woes

The automaker missed production targets for both quarters in 2023.
By Suvrat Kothari Aug 4 2023
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Tesla Q2 2023 Earnings Report: Profitable Again, Beat Expectations

Tesla Q2 2023 Earnings Report: Profitable Again, Beat Expectations

Another positive quarter for Tesla is in the books.
By Eric Loveday Jul 19 2023
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Tesla Directors Accused Of Overpaying Themselves Will Return $735M

Tesla Directors Accused Of Overpaying Themselves Will Return $735M

The directors include Elon and Kimbal Musk, Oracle co-founder Larry Ellison, and James Murdoch, son of media mogul Rupert Murdoch.
By Dan Mihalascu Jul 18 2023
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Tesla’s Price War Nearly Drove This EV Subscription Company Out Of Business

Tesla’s Price War Nearly Drove This EV Subscription Company Out Of Business

Autonomy Inc. revised its strategy after EV price cuts jeopardized its plans.
By Suvrat Kothari Jul 12 2023
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Rivian Stock Up Almost 90 Percent Over The Past Two Weeks

Rivian Stock Up Almost 90 Percent Over The Past Two Weeks

Shares went from $13.45 on June 26 to $25.51 on July 10 on Rivian's strong Q2 2023 results and some investors shorting the stock.
By Dan Mihalascu Jul 11 2023
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