Falling EV sales combined with a lower average selling price, less cash from regulatory credits, and a decline in solar and energy storage revenue took a toll on Tesla’s bottom line in the second quarter of 2025. And a 17% growth in revenue in its services business, which includes capital generated from its Supercharging network, […]
Tesla profits pulled down by falling EV sales and regulatory credits Read More »
Los Angeles-based Nevoya came out of stealth last year with the ambitious goal of breaking the EV truck adoption logjam. Nevoya made enough progress on its goal to attract investors — and a $9.3 million seed round — to help it move even faster. The young company, which buys electric trucks and offers them to
Nevoya raises $9.3M as its EV truck fleet reaches cost parity with diesel Read More »
Owners of the Lucid Air sedan will be able to charge their luxury EVs at thousands of Tesla Supercharger stations in North America starting July 31, nearly two years since the automakers reached an agreement. But there is a notable caveat: Lucid Air vehicles won’t be able to charge as fast as Tesla vehicles. Lucid
Lucid Air owners will be able to use Tesla Superchargers from July 31 Read More »
Owners of the Lucid Air sedan will be able to charge their luxury EVs at thousands of Tesla Supercharger stations in North America starting July 31, nearly two years since the automakers reached an agreement. But there is a notable caveat: Lucid Air vehicles won’t be able to charge as fast as Tesla vehicles. Lucid
Lucid Air owners will soon be able to use Tesla Superchargers — but there’s a catch Read More »
Rivian will resume prep-work on its planned Georgia factory in August and is still looking to break ground early next year, according to emails TechCrunch obtained through a public records request. The restarted effort comes months after the Biden administration’s Department of Energy approved a $6.6 billion meant to fund construction. Rivian has invested more
Rivian restarting work on its Georgia factory, emails show Read More »
Sales of Tesla’s Cybertruck have plummeted from their peak last year, to the point that the hulking (and expensive) GMC Hummer EV outsold the polarizing steel-clad curiosity in the second quarter. Tesla sold just 4,306 Cybertrucks in the second quarter, just shy of the 4,508 Hummers that GMC moved in the same period, according to
GMC Hummer EV outsold the Tesla Cybertruck last quarter Read More »
China’s Geely Auto is officially taking its luxury EV subsidiary Zeekr private, just over a year after the company debuted on the New York Stock Exchange. The news comes two months after Geely offered to take Zeekr private, following President Donald Trump’s threats earlier this year to delist Chinese stocks from U.S. exchanges. When the
China’s Geely is officially bringing its luxury EV startup Zeekr private Read More »
Tesla is nearly ready to start selling its electric vehicles in India, according to Bloomberg News, after years of flirting with the idea. The company is about to open its first showroom in Mumbai and could start deliveries as early as August, according to the report. A few hours after Bloomberg published its report, Tesla
Tesla reportedly close to starting sales in India Read More »
In April 2025, a new company called Slate Auto came out of stealth and shocked the car industry. Not only was this startup focused on making an ultra-cheap, customizable electric pickup truck with funding from Jeff Bezos, but it had also been operating in secret for three years in Troy, Michigan — the backyard of
Slate Auto: Everything you need to know about the Bezos-backed EV startup Read More »
Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, according to a new report from Bloomberg News. The funding round brings Also’s post-money valuation to $1 billion. The startup raised $105 million from Eclipse Ventures earlier this year when it was cleaved from Rivian. Also
Rivian spinoff Also raises another $200M to build e-bikes and more Read More »
