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.
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.
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.
Kia is preparing to enter the entry-level EV wars with the all-new EV3. EV3 will help expand the pool of customers Kia can reach and will make its debut on May 23rd.
Vice President Kamala Harris made a trip to Detroit bearing some big gifts on Monday, $100 million to help the Motor City’s automotive parts manufacturers upgrade operations to support the shift to battery-electric vehicles.
EV maker Rivian received $827 million in new incentives from the State of Illinois to expand its production facility in Normal. The company currently builds all of its vehicles there, but the expansion will allow it increase production levels as well as handle...
Tesla delivered a shock this week when word leaked out CEO Elon Musk was effectively closing down several departments, including the one overseeing its Supercharger network. Set up in 2012, when the automaker launched its original Model S sedan, the charging system was meant to assure buyers they’d have a place to plug in. But with the Supercharger network now open to most competing EV manufacturers, the news has triggered concerns across the auto industry — and is leading Tesla rivals to put emphasis on the competing new Ionna charging network.
Among the many obstacles to widespread EV adoption, consumers often cite long charging times. But a new battery breakthrough could make it as quick – and potentially even easier – to charge up an EV as it is to fill a gas tank. A Polestar 5 prototype is going from a 10 to 80% charge in just 10 minutes.
Acura’s 2024 ZDX is out to prove that Acura can compete in the EV wars. But does its combination of style, performance, and luxury have what it takes to help the ZDX emerge as a top contender in a segment that’s not only expanding but also navigating rough seas in sales.
Cadillac has backed away from its plan to offer “an all-electric portfolio by 2030,” the luxury brand’s global boss acknowledged Wednesday. While that could yet happen, said General Motors Vice President John Roth, Caddy is likely to continue offering vehicles using internal combustion engines well into the next decade.
Young boys often grow up wishing they could be one superhero or another. However, Batman enjoys a special hold on many because of all the technology he used to fight crime — especially his cars. Now you can drive the cars as Pininfarina’s created two new versions each of the all-electric B95 hyper Barchetta and Battista hyper GT inspired by Bruce Wayne. Find out more at Headlight.News.
If you’ve got some spare cash lying around and are looking for a new home up in the Hollywood Hills you might reach out to Henrik Fisker. He’s got a place for sale overlooking the legendary Sunset Strip for $35 million. Of course, you could also buy his car company, Fisker Inc. for less than $25 million – though you could wait if you might get it for even less as it struggles to avoid bankruptcy.