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Tesla Hits Record Profit Despite Parts Shortage

DETROIT — Record electric vehicle sales last summer amid a shortage of computer chips and other materials propelled Tesla Inc. to the biggest quarterly net earnings in its history.

October 20, 2021

Seemingly an Odd Couple, Tesla and Texas Becoming Tightly Intertwined

It seems like an unlikely marriage: Tesla, the world’s biggest electric automaker, moving its headquarters to Texas — where the oil and gas industry is etched in the state’s DNA and where, unless something changes, Tesla isn’t even allowed to sell its vehicles directly to customers.

October 20, 2021

Lucid Says Air Sedan Will Be First US Car to Use Lidar

Lucid Group Inc. said its debut battery-electric vehicle will be the first production car in the U.S. to include a purpose-built laser sensor, or lidar, enabling a broad range of advanced driver-assistance features.

October 12, 2021

Elon Musk Now Dominating the World’s Richest List

Elon Musk is pulling away from the rest of the world when it comes to personal wealth.

October 8, 2021

DTNA Reaches BEV Milestone at 1 Million Miles

Daimler Trucks North America announced a milestone for its medium- and heavy-duty battery-electric truck development program as participating fleets using 40 trucks reached a cumulative total of 1 million miles of real-world usage along the West Coast and Canada.

October 8, 2021

Elon Musk Says Tesla Will Move HQ From California to Texas

Tesla will relocate its headquarters from Palo Alto, Calif., to Austin, Texas, though the electric-car maker will keep expanding its manufacturing capacity in the Golden State, CEO Elon Musk said Oct. 7.

October 8, 2021

Rivian’s Electric Truck Gets All the Attention, but Fate Is Tied to Amazon

On Oct. 1, Rivian shared new details of the Amazon deal in a filing with the U.S. Securities and Exchange Commission, revealing how closely its fate is tied to one of its biggest benefactors.

October 7, 2021

GM Vows to Surpass Tesla in Electric Vehicle Sales

WARREN, Mich. — General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that can handle most tasks on the road.

October 6, 2021

LG Energy Strikes Battery-Metal Deal With Sigma Lithium

LG Energy Solution, one of the world’s top electric-vehicle battery makers, has struck a supply deal with Sigma Lithium Corp. as demand for the metal soars.

October 5, 2021

GM’s Future EVs Get Range Boost With Wolfspeed Deal

General Motors’ future electric vehicles will offer more range on a single charge and charge faster because of a new supplier agreement it announced with Wolfspeed Inc.

October 4, 2021