Rivian Stock Falls Because of Amazon News. It Might Be an Overreaction.

Shares of Rivian Automotive fell after a report said the electric truck start-up is in talks to end an exclusivity pact with Amazon.com. That might have been an overreaction, judging by Amazon’s respo...

Nikola Stock Picks Up New Rating From Wall Street. Shares Are Rising.

Battery and fuel cell truck maker Nikola has performed better than a lot of electric vehicle start-ups but that isn’t enough for Morgan Stanley to rate the shares at Buy. Monday, Morgan Stanley analys...

Rivian wants out of Amazon exclusive agreement for EV delivery trucks

One of Amazons new electric delivery vans from Rivian gets ready to leave the Amazon Distribution Facility on Cyber Monday on November 28, 2022 in Aurora, Colorado. Rj Sangosti | Denver Post | Getty I...

Venture investors vow to work with Silicon Valley Bank if new owner found

A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images More than three hundred venture capital firms have signed a joint state...

Tesla Battery Supplier Beats Profit Estimates. It’s Citing Soaring EV Demand.

Tesla battery supplier Contemporary Amperex Technology, or CATL, beat annual earnings expectations Friday, strengthening its status as the world’s largest electric-vehicle battery maker. The Chinese l...

GM offers buyouts to ‘majority’ of U.S. salaried workers

Mary Barra, CEO of General Motors at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors will offer voluntary buyouts to a “majority” of its U.S. white-collar employees, as ...

Tesla Stock Is Down. Steering Wheels Are Not the Reason.

Safety matters a great deal in the automotive market. Safety recalls and investigations, paradoxically, don’t matter as much. Investors might not be able to tell that by looking at stocks. Tesla (tick...

Tesla Stock Falls as Elon Musk, Twitter Make Wrong Kind of Healines

Tesla stock is down again in early trading Wednesday, potentially falling for the third consecutive day and the fifth out of the past six. Yes, the company’s investor day sparked the decline, but it p...

Rivian Stock Drops After the EV Start-Up Announced Plans to Raise $1.3 Billion

Electric truck start-up Rivian Automotive is getting into convertibles? Well, yes—but not the kind of convertibles car buyers think of when they hear the word. Rivian (ticker: RIVN) is raising more ca...

Used vehicle prices rising at an unseasonably strong rate

A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at ma...

Rivian, Tesla, and 2 Other EV Makers Are Recalling Vehicles

Monday is looking like recall day for electric-vehicle makers. A few have showed up on the National Highway Traffic Safety Administration website. Recalls from the large players don’t look serious. Re...

Hertz Warrants Offer a Good Alternative to the Stock. How to Play It.

Bulls on Hertz Global Holdings should consider the rental car company’s unusual and attractively priced warrants, which offer an alternative to Hertz common shares. First, some details on Hertz Global...

Lordstown Motors’ Sales Were Dreadful. The Stock Is Rising Anyway.

Sales and earnings from electric vehicle start-up Lordstown Motors show just how hard it has been to launch a new electric truck. Results look rough, but the beaten-up stock is rising in early trading...

Tesla, Apple, Ciena, and More Stock Market Movers

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Ford’s February auto sales jump 22% from subdued 2022 results

Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Mi...

Polestar (PSNY) Q4 earnings: EV production ramps up

Polestar 3 Courtesy: Polestar Swedish electric vehicle maker Polestar cut its annual net losses in half last year, while revenue surged and it attempted to set itself apart from other EV startups. The...

GM to Axe Hundreds of Jobs. But It’s Not About Cutting Costs.

General Motors is cutting salaried and executive staff positions, after saying earlier this year that it didn’t plan layoffs. GM (ticker: GM) representatives on Tuesday said the cuts affected a small ...

Rivian Stock Tumbles After Earnings. Why Wall Street Isn’t Worried.

Electric truck start-up Rivian Automotive expects to deliver 50,000 units in 2023, while Wall Street was looking for closer to 60,000 units. Shares were falling early on Wednesday. Rivian (ticker: RIV...

Aston Martin shares surge on profitability forecast for 2023

The exterior of an Aston Martin store. Jeremy Moeller | Getty Images News | Getty Images LONDON — British luxury carmaker Aston Martin Lagonda forecasts better profitability this year, after widening ...

Tesla Signs Battery Material Deal With Korea’s L&F

Tesla investors are having a busy week and it’s only Tuesday. Ahead of the week’s main event, an analyst day on Wednesday, investors have to digest news about batteries as well as EV demand in China a...

Rivian (RIVN) earnings Q4 2022

Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California.  Justin Sullivan | Getty Images Electric vehicle startup Rivian Automo...

General Motors cuts 500 salaried employees

Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downs...

UAW leadership upheaval peaks ahead of automaker negotiations

United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – As the United Auto Workers pr...

DeLorean Has Hit the Brakes. Catching Tesla Is Proving Hard for EV Rivals.

When Marty McFly drove into the future in the famous 1980s movie, he made it look easy. For EV start-ups trying to leap ahead in their industry, it’s proving a lot harder. DeLorean, the car company ma...

Canada’s Largest Pension Sold Apple, Bought EV Stocks Tesla, NIO, Li Auto

Canada’s largest public pension seems to be more bullish about electric vehicles than iPhones. Canada Pension Plan sold 85% of its Apple stock (ticker: AAPL), and scooped up shares of Tesla (TSLA), an...

U.S. Clean Energy Is Attracting Billions. Corning, Enphase, and Other Key Players.

A boom in clean-energy manufacturing is fast getting under way across the U.S. Factories are suddenly cranking out everything from solar and wind equipment to batteries and low-carbon fuel. Corporate ...

Ford delays F-150 Lightning production another week after battery fire

Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to...

Carvana Posts Wider Q4 Loss. Used Car Demand Tumbled.

Online used-car dealer Carvana (ticker: CVNA) missed fourth-quarter earnings and revenue expectations and announced plans to cut about $1 billion in costs over the next six months while improving cust...

Lordstown halts production of EV Endurance trucks to fix issues

Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Lordstown Motors sa...

Stellantis Stock Rises After Earnings Top GM, Ford, and Even Tesla

Stellantis finished up 2022 stronger than expected. By some measures, the company had a better year than even Tesla Stellantis stock climbed in early Wednesday trading. Stellantis (ticker: STLA) repor...

Auto giant Stellantis posts record annual profit, announces buyback

An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Carmaker Stellantis on Wednesday announced record full-year re...

Bentley to end 12-cylinder engine production in transition to EVs

A staff member checks a Bentayga SUV on the Bentley production line at their factory in Crewe, Britain, December 7, 2022.  Phil Noble | Reuters Bentley Motors plans to end production of its 12-cylinde...