Lucid has spent years working on its second EV — a plush van-like SUV designed to be the category killer that could take market share from the likes of other luxury EV and internal combustion people haulers like the Rivian R1S, Cadillac Escalade IQ, BMW X7, and Audi Q8. The Saudi-backed company’s aim was to […]
Lucid Gravity First Drive: An electric SUV that doesn’t make compromises Read More »
A court hearing on the sale of bankrupt electric truck startup Nikola’s assets to Lucid Motors was going smoothly on Friday. No objections had been filed to the transaction, and Delaware bankruptcy judge Thomas Horan verbally approved it without hesitation. Until, that is, a lawyer piped up on the Zoom call toward the end of
Nikola founder Trevor Milton accused of trying to derail bankruptcy case Read More »
General Motors is laying off 500 workers at a factory in Canada because of weak demand for its all-electric BrightDrop vans, according to CNBC. GM told CNBC that the cuts were not related to the ongoing trade war being waged by President Donald Trump. The company is cutting one of the two shifts at the
GM cuts 500 jobs because of weak demand for BrightDrop electric vans Read More »
EV startup Lucid Motors has emerged as a surprise winner in the bankruptcy auction for electric trucking company Nikola’s Arizona factory and other assets, according a late Thursday night court filing. Lucid committed around $30 million in cash and non-cash considerations in exchange for the factory, Nikola’s lease on its Phoenix headquarters, and “certain machinery,
Lucid Motors wins bankruptcy auction for Nikola’s Arizona factory and other assets Read More »
A growing number of Tesla owners are putting their used vehicles up for sale, as consumers react to Elon Musk’s political activities and the global protests they have fueled. In March, the number of used Tesla vehicles listed for sale on Autotrader.com skyrocketed, Sherwood News reported, citing data from Autotrader parent company Cox Automotive. The
Tesla used car listings skyrocketed in March Read More »
Just one day after TechCrunch revealed that Jeff Bezos is backing a secretive EV startup called Slate Auto, an early version of the company’s low-cost electric pickup truck was spotted in the wild. Reddit user u/discostranger09 posted a photo to the r/whatisthiscar subreddit on Wednesday of a small, dark gray two-seater pickup truck on a
Bezos-backed EV startup Slate Auto’s pickup truck spotted in the wild Read More »
Swedish electric vehicle maker Polestar saw its first-quarter sales jump 76% compared to the same period in 2024 after it began offering discounts and other promotions, including ones geared towards locking in Tesla owners. Polestar sold 12,304 cars in the first three months of the year compared to 6,975 in Q1 2024. Sales were relatively
Polestar EV sales jump in Q1 on discounts like its ‘Tesla conquest’ bonus Read More »
Jeff Bezos is funding a secretive EV startup based in Michigan called Slate Auto that could start production as soon as next year, according to multiple sources and documents that link the billionaire’s family office to the startup. Slate, which took root in another Bezos-connected company called Re:Build Manufacturing, has been operating quietly since its
Inside the EV startup secretly backed by Jeff Bezos Read More »
Nikola founder Trevor Milton, who was recently pardoned after being convicted of securities fraud, is trying to buy the assets of his former company out of bankruptcy, according to new court filings and a person familiar with the matter. Nikola filed for Chapter 11 bankruptcy protection in February and has said it hopes to sell
Nikola founder Trevor Milton wants to buy the bankrupt startup’s assets Read More »
Elon Musk has long been credited with turning Tesla into a beacon of innovation, the visionary who pushed the world into an era of electrification. But his slide into politics – specifically his alignment with President Trump and activities within the federal government – has dragged Tesla into uncertainty. For many would-be Tesla buyers, the
Elon Musk took a chainsaw to the US government. Tesla is taking the hit. Read More »
