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GM Wrapping Production of Malibu to Shift to Bolt EV

GM Wrapping Production of Malibu to Shift to Bolt EV

Although General Motors is slowing the cadence of its electric vehicle production, it’s not halting it altogether. That’s evidenced by the move to end production of the Chevy Malibu at its plant in Kansas to transition over to the next generation Bolt EV. Find out more at Headlight.News.

Fed Probe of Tesla Autopilot, FSD Raises Securities, Wire Fraud Concerns

Fed Probe of Tesla Autopilot, FSD Raises Securities, Wire Fraud Concerns

Tesla now faces a criminal probe, federal prosecutors raising questions about the way the automaker has promoted its Autopilot and Full Self-Driving technology which – despite what Tesla and CEO Elon Musk have implied to investors and consumers – are not capable of being driven hands-free.

Rivian Q1 Earnings Fail to Make Grade, CEO Declines Comment on Apple Talks

Rivian Q1 Earnings Fail to Make Grade, CEO Declines Comment on Apple Talks

EV maker Rivian reported first quarter earnings that were slightly better than its year-ago results but ended up falling short of analysts’ expectations. The company generated more revenue, but increased costs chewed up profits. Find out more about what happened at Headlight.News.

Lucid Reports Mixed Results, Focusing on Growth Over Profit

Lucid Reports Mixed Results, Focusing on Growth Over Profit

Nascent EV maker Lucid Motors reported its first quarter results, exceeding expectations in some areas while falling short in others. CEO Peter Rawlinson brushed aside concerns about shortcomings, noting the company was focused on growth, specifically the company’s second vehicle, the Gravity SUV. Get details at Headlight.News.

Still More Layoffs at Tesla

Still More Layoffs at Tesla

Tesla launched yet another round of layoffs this week as CEO Elon Musk struggles to compensate for slowing sales and a 55% drop in first-quarter earnings. The latest cuts mean Tesla will see total U.S. employment drop as much as 20%, according to one report, with some departments, including its Supercharger operations, eliminated entirely.