Starting a new car company from ground up has never been easy and the terrain is littered with recent failures like Canoo and Fisker. But one brand, in particular, seems poised for success. Rivian has earned kudos for its first generation of rugged EVs, with more in the pipeline. Headlight.News recently got a chance to get back into the updated Rivian R1S SUV for a week and has this review.
American EV makers Rivian Automotive and Lucid Motors released their first-quarter earnings results, each hitting positive markers for the period. Rivian earned another $1 billion in funding from Volkswagen for turning a gross profit. Meanwhile, Lucid hit another vehicle delivery record during the period. Find out more at Headlight.News.
With thousands gathered in protest at dealers around the world over the weekend, Tesla wrapped up what is expected to be a weak first quarter, the automaker watching sales dwindle as opposition grows to CEO Elon Musk’s role in the Trump administration – as well as his increasingly vocal shift to the political far right. Headlight.News has the latest.
As protests at many Tesla showrooms become a daily occurrence and those who own the automaker’s products find themselves routinely given thumbs-down or an extended middle finger, more and more are trading in, according to new data. But they’re finding residual values for used Teslas have come crashing down. That’s something competitors such as Lucid and Polestar hope to take advantage of, as Headlight.News reports.
EV maker Lucid Motors was expected to report it lost money during the final quarter of 2024, but the company’s earnings report featured a surprise element: the departure of its founder and CEO Peter Rawlinson. Get details at Headlight.News.
Despite efforts by automakers to improve their relationships with President Donald Trump prior to and immediately after he took office last month, they can’t seem to escape the impact of his trade policies, the latest being a 25% tariff on steel and aluminum imports into the U.S. Find out what’s happening at Headlight.News.
Aston Martin CEO Adrian Hallmark confirms the company will have to eventually pull the plug on the V12 as it also prepares to revise its EV strategy due to shifting market conditions.
Lucid’s long-awaited second vehicle, the Gravity SUV, comes with a few surprises now. The company revealed the ute is capable of traveling 450 miles on a charge with 400 kW fast charging. Perhaps most importantly, starting Jan. 31, it will use the NACS as its standard charging port, gaining access to Tesla’s Supercharger network.
Lucid Motors has started rolling out its second product line and the all-new Gravity line is likely to determine whether the struggling start-off takes to the air or comes crashing back to earth. The first version of the electric SUV will start at $96,550, with lower-priced trims to follow late next year.
Lucid is eying two-speed transmissions as new patents confirm the company is exploring other methods to help improve efficiency and performance for future EV models.
Lucid Motors offered up a specially outfitted Lucid Air to the California Highway Patrol. The department is looking at different vehicles to fit its various needs, and Lucid is the latest to slap a police livery on one of its vehicles to see if it can cut the mustard. Tesla and Ford have done the same in recent months. Get details at Headlight.News.
EV makers Rivian and Lucid reported their third quarter earnings results. When the dust settled Rivian was reassuring shareholders while Lucid was celebrating with them. Find out how each automaker did at Headlight.News.