Latest News Updates From Ed Ludlow

BusinessFuelAutonomous

Musk Warns of Tesla鈥檚 鈥榁ery Tough Quarter鈥 in Staff Email

Tesla Inc. has had a 鈥渧ery tough quarter鈥 as it struggles with supply chain snags, Chief Executive Officer Elon Musk warned in an internal memo, imploring workers to help get the electric vehicle maker back on track.

June 13, 2022
BusinessFuel

Rivian Says Production Increased, Keeps Sales Target at 25,000

Rivian Automotive Inc. said it accelerated production and stepped up sales in the first quarter, keeping the electric pickup maker on track to deliver 25,000 EVs this year.

May 11, 2022
BusinessFuel

Rivian Boosts EV Output Despite Supply Chain Snags

Rivian Automotive Inc. produced 2,553 vehicles in the first quarter as the maker of plug-in trucks contended with a snarled supply chain and pandemic challenges.

April 5, 2022
BusinessFuel

Rivian Cancels Price Hikes for Existing Customers After Outcry

Rivian Automotive Inc. dropped to a record low after the electric-vehicle maker rolled back price increases on its debut cars for existing customers, marking an about-face as it ramps up production and seeks to win over more buyers.

March 3, 2022
BusinessTechnologyFuel

Nikola Projects Delivering 300 to 500 Electric Trucks This Year

Nikola Corp. said it will start full-scale output of battery-electric trucks next month and deliver between 300 and 500 of the big rigs to customers this year. Its shares rose despite a slump in the broader market.

February 24, 2022
BusinessTechnologyFuel

Nikola Signs Battery Deal With Proterra for Electric Big Rigs

Nikola Corp. announced a long-term supply agreement with Proterra Inc. for battery technology, giving the electric big-rig maker a second source for the critical components.

January 18, 2022
BusinessTechnology

Rivian Plunges Below IPO Price on Mounting EV Competition

Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., fell below the $78 a share price of its November initial public offering.

January 6, 2022
BusinessTechnologyEquipment

Rivian Stumbles in Earnings Debut With Miss on EV Output

Rivian Automotive Inc. said it expects to fall short of its annual production target as the electric pickup maker gave investors the first look at its operations as a public company.

December 16, 2021
BusinessTechnologySafetyFuelAutonomous

Lucid Says Air Sedan Will Be First US Car to Use Lidar

Lucid Group Inc. said its debut battery-electric vehicle will be the first production car in the U.S. to include a purpose-built laser sensor, or lidar, enabling a broad range of advanced driver-assistance features.

October 12, 2021
BusinessTechnologyFuel

Lucid to Deliver 520-Mile Electric Sedan in October

Lucid Group Inc. has started production on its debut electric consumer car, with deliveries to begin at the end of October.

September 28, 2021

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