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Corporate / Financial Fisker Poaches BMW US Plant Executive To Lead Global Manufacturing

Fisker Poaches BMW US Plant Executive To Lead Global Manufacturing

Alpay Uguz will oversee the EV startup's efforts to achieve annual production of up to 1 million vehicles by 2027.
By Dan Mihalascu 11h ago
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Battery Tech Northvolt Raised $1.1 Billion To Support Expansion In Europe

Northvolt Raised $1.1 Billion To Support Expansion In Europe

The company has $55 billion in battery orders.
By Mark Kane 10 July 2022
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Corporate / Financial Polestar Shares Down 25 Percent Four Days After Nasdaq Debut

Polestar Shares Down 25 Percent Four Days After Nasdaq Debut

Polestar's market cap was $22.78 billion at market close on June 29, down from $27 billion after the first day of trading last week.
By Dan Mihalascu 30 June 2022
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Corporate / Financial Analyst Upgrades Tesla's Stock On

Analyst Upgrades Tesla's Stock On "Strong Competitive Advantage"

Tesla's stock has always been volatile, but this analyst is forecasting an upside thanks to the early focus on vertical integration.
By EVANNEX 27 June 2022
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Corporate / Financial Polestar Goes Public On Nasdaq Via SPAC Merger, Raises $890 Million

Polestar Goes Public On Nasdaq Via SPAC Merger, Raises $890 Million

Polestar shares closed at $13 on June 24, the stock's first day of trading; the EV maker trades under the ticker PSNY.
By Dan Mihalascu 27 June 2022
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Corporate / Financial Electric Last Mile Solutions Files For Chapter 7 Bankruptcy

Electric Last Mile Solutions Files For Chapter 7 Bankruptcy

Once valued at $1.4 billion, ELMS lacks funding to build its electric van and has more than $50 million in liabilities to creditors.
By Dan Mihalascu 17 June 2022
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Corporate / Financial Tesla's 10% Staff Cuts Have Begun, Ex-Employees Confirm On LinkedIn

Tesla's 10% Staff Cuts Have Begun, Ex-Employees Confirm On LinkedIn

Several former salaried employees took to the professional networking platform to announce they had been laid off.
By Dan Mihalascu 16 June 2022
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Corporate / Financial Tesla Will Ask Shareholders To Vote On 3-For-1 Stock Split

Tesla Will Ask Shareholders To Vote On 3-For-1 Stock Split

The proposed stock split means that shareholders who own one Tesla share will get two more, all worth the same as the original share.
By Dan Mihalascu 13 June 2022
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Corporate / Financial Rimac Raised €500 Million In Series D Funding

Rimac Raised €500 Million In Series D Funding

Porsche participated in the latest round to maintain its roughly 20% share in the company.
By Mark Kane 06 June 2022
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Elon Musk Tesla's Elon Musk May Pause Hires, 10% Staff Cut, Economic Uncertainty

Tesla's Elon Musk May Pause Hires, 10% Staff Cut, Economic Uncertainty

The CEO has been talking about inflation, and now he admits he has a "super bad feeling" about the economy.
By Steven Loveday 03 June 2022
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Corporate / Financial Is Now The Time To Invest In EV Stocks Like Tesla? Buy The Dip?

Is Now The Time To Invest In EV Stocks Like Tesla? Buy The Dip?

There are so many obstacles and distractions right now that it's impossible to forecast what might happen with these stocks.
By EVANNEX 26 May 2022
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Corporate / Financial A Top Tesla Shareholder Proposes

A Top Tesla Shareholder Proposes "Undervalued" Stock Buyback Strategy

Tesla's stock is dropping despite quarterly records, two new factories, and major strides with FSD Beta. Does Tesla need a plan?
By Steven Loveday 20 May 2022
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Corporate / Financial Rivian CEO RJ Scaringe Buys The Dip, Invests $1 Million In Rivian Stock

Rivian CEO RJ Scaringe Buys The Dip, Invests $1 Million In Rivian Stock

The CEO is showing that he's confident Rivian's stock will rebound.
By Steven Loveday 18 May 2022
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Corporate / Financial Canoo Production Comes Into Question After Alarming Q1 Financial Report

Canoo Production Comes Into Question After Alarming Q1 Financial Report

The startup admits in this new report it has been spending money at an unsustainable rate...
By Andrei Nedelea 12 May 2022
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Corporate / Financial Rivian Announces Q1 2022 Results, Posts $1.6 Billion Net Loss

Rivian Announces Q1 2022 Results, Posts $1.6 Billion Net Loss

The EV startup also announced $95 million in revenue, below Wall Street's forecast of $131 million.
By Dan Mihalascu 12 May 2022
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Corporate / Financial Ford Aims To Cut Losses, Will Sell 8 Million Rivian Shares After Huge Loss

Ford Aims To Cut Losses, Will Sell 8 Million Rivian Shares After Huge Loss

Both Ford and Amazon lost big due to a stake in Rivian stock. Ford lost some $3.1 billion after previously being profitable.
By Steven Loveday 09 May 2022
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Industry Outlook Analysts Chime In On Tesla Stock, And Why It's Important To Watch

Analysts Chime In On Tesla Stock, And Why It's Important To Watch

Tesla is currently worth more than the next 14 automakers combined, with a price-to-sales ratio of 19.
By EVANNEX 09 May 2022
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Corporate / Financial Nikola Shipped 11 Tre BEV Electric Trucks To Dealers In April

Nikola Shipped 11 Tre BEV Electric Trucks To Dealers In April

That was its first ever shipment to customers; the company has 510 orders and estimates it can deliver 300-500 of them this year.
By Dan Mihalascu 06 May 2022
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Corporate / Financial Lucid Produced 700 Cars In Q1 2022, Delivered 360 To Customers

Lucid Produced 700 Cars In Q1 2022, Delivered 360 To Customers

CEO says the Arizona plant delivered "well over 300 vehicles" in April alone, demonstrating an "accelerated production ramp."
By Dan Mihalascu 06 May 2022
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Industry Tesla Reportedly Cuts Delivery Bonuses, Raises Base Salaries 12.5%

Tesla Reportedly Cuts Delivery Bonuses, Raises Base Salaries 12.5%

At this point, Tesla breaks delivery records every quarter, and CEO Musk said last year it was time to relax a bit.
By Steven Loveday 03 May 2022
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Corporate / Financial Lucid CEO Made Over $260 Million In Performance-Based Awards In 2021

Lucid CEO Made Over $260 Million In Performance-Based Awards In 2021

It is one of the largest compensation packages paid to any executive last year.
By Dan Mihalascu 30 April 2022
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Industry Outlook GM's Mary Barra To Tie Compensation Packages To EV Goals

GM's Mary Barra To Tie Compensation Packages To EV Goals

In the past, it wasn't abnormal for legacy automakers to "anti-sell" EVs, but Barra has plans to take a leap in the opposite direction.
By Steven Loveday 29 April 2022
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Corporate / Financial Ford Loses $3.1 Billion In Q1 2022: Loss Due To Rivian Stock

Ford Loses $3.1 Billion In Q1 2022: Loss Due To Rivian Stock

Prior to investing in Rivian, Ford was profitable.
By Steven Loveday 28 April 2022
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Corporate / Financial Tesla Loses $126 Billion In Market Cap As Elon Musk Buys Twitter

Tesla Loses $126 Billion In Market Cap As Elon Musk Buys Twitter

Tesla stock dropped more than 12% to $876.42 on April 26 after Musk's bid to buy Twitter was approved by the social platform's board.
By Dan Mihalascu 27 April 2022
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