Americans are flocking to electric vehicles, pushing sales up 127% over the past two years. To sweeten the deal, the federal government is offering a tax credit of up to $7,500 for EVs and other “clea...
Tag: electricvehicle
Electric-Vehicle Industry Prizes Steel Over Aluminum, Cleveland-Cliffs CEO Says
(Bloomberg) — Electric-vehicle makers are choosing steel over aluminum as the preferred metal for automotive bodies, says the top executive at the largest steel provider to the US car industry. ...
Lucid stock plunges after electric-vehicle maker cuts production guidance for the year
Shares of Lucid Group Inc. LCID, +4.21% fell more than 10% in after-hours trading Wednesday after the electric-vehicle maker announced a reduction in its production forecast. Lucid said it now expects...
China Electric-Vehicle Stocks Are All the Rage, Trouncing Tesla
(Bloomberg) — Shares of China’s electric-vehicle makers are trouncing global industry leader Tesla Inc., bolstered by Beijing’s consumption incentives and heavy dip-buying from investors. Most R...
Ford CEO expects industry consolidation as electric-vehicle transition fuels costs
Ford CEO Jim Farley poses next to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, April 26, 2022. Rebecca Cook | Reut...
Cathie Wood Watch: Ark Reverses Course on Electric-Vehicle Titan Tesla
The prominent investor Cathie Wood, chief executive of Ark Investment Management, reversed course on a big electric-vehicle maker in her May 23 trading. Ark also bought and sold some familiar names. A...
Cathie Wood has a simple response to Tesla getting booted out of an S&P 500 ESG index: ‘Ridiculous’
Cathie Wood isn’t pleased about one of her most popular investments, Tesla Inc., being excluded from a prominent index that tracks eco- and socially friendly companies. “Ridiculous,” was essentially W...
After SPAC Mania, Electric-Vehicle Startups Face a Cash Squeeze
(Bloomberg) — Two years into the SPAC merger boom for electric-vehicle startups, companies are having a tough time finding cash to actually produce cars. Most Read from Bloomberg First Lordstown...
Rivian CEO Warns of Looming Electric-Vehicle Battery Shortage
NORMAL, Ill.—Rivian Automotive Inc. Chief Executive RJ Scaringe is warning that the auto industry could soon face a looming shortage of battery supplies for electric vehicles—a challenge that he says ...
Cathie Wood’s Ark Buys an Electric-Vehicle Maker and Sells Another
After a few days of quiet trading, star investor Cathie Wood, chief executive of Ark Investment Management, is back to dealing big names in big amounts. On Friday, Ark funds in particular sold shares ...
Why Ford didn’t spin off its electric-vehicle business
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor said on Wednesday that it will separate — but not spin off —...