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As Q1 Profit Falls 55%, Tesla to Focus on Cheaper Vehicles

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading April 23 as the company said it would accelerate production of more affordable vehicles.

April 24, 2024

Rivian Cuts 1% of Workforce in Second Round of Layoffs

Electric vehicle upstart Rivian, which recently put on pause plans to build a Georgia factory, said in mid-April it is laying off more workers as it cuts costs to buttress its balance sheet.

April 19, 2024

Tesla Co-Founder J.B. Straubel Built an EV Battery Colossus

Redwood Materials, started by Tesla co-founder J.B. Straubel, is attempting to create a domestic loop using recycled critical metals for lithium-ion batteries.

April 19, 2024

US Has a Fast EV-Charging Station for Every 15 Gas Stations

Automakers may be pumping the brakes on EV production in the U.S., but charging challenges — traditionally a major hurdle to adoption — are vanishing at a rapid clip.

April 18, 2024

Nissan Says It Will Make Next-Gen EV Batteries by 2029

YOKOHAMA, Japan — Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said April 16.

April 16, 2024

Obscure Energy Calculation Could Speed Up EV Future

WASHINGTON — Overshadowed by the tailpipe emissions rule, the Department of Energy finalized changes to a calculation that could impact automakers’ ability to sell gas-powered vehicles.

April 9, 2024

Nikola Class 8 FCEV Truck Production Nudges Up to 43 in Q1

Nikola Corp. produced 43 and wholesaled 40 Class 8 hydrogen fuel cell electric vehicles in the first quarter of 2024, the truck maker said.

April 8, 2024

Greenlane Announces First Commercial EV Charging Corridor

Greenlane is planning to develop its first commercial electric vehicle charging corridor along Interstate 15 in Southern California, the industry joint venture announced March 27.

March 29, 2024

Rizon EV Truck Deliveries Begin in California

Velocity EV announced March 27 that the first Rizon Classes 4-5 battery-electric cabover trucks are being delivered to customers throughout California.

March 28, 2024