John Rosevear

Polestar is still on track to build 60,000 to 70,000 EVs in 2023, with two new models coming in the next several months.

Croatia’s Rimac Nevera tops out at 258 mph thanks to its four motors and 1,914 horsepower. It’s also stunningly easy to drive.

In the face of prolonged strikes, some smaller suppliers are cutting workers or announcing plans to do so.

Rivian said it delivered more than 15,000 EVs in the third quarter and that it’s on track to hit its full-year production guidance.

Lucid announced a new version of the Air luxury sedan that starts below $80,000, in a bid to boost sluggish demand for the well-regarded, but costly EV.

Rivian plans to offer $1.5 billion worth of senior, unsecured “green” convertible notes due in 2030.

CFO Rex Jackson said in a statement that the new funds, together with a recently secured credit line, will support the company into early 2025.

The union initiated a surprise strike of 8,700 workers at Ford Motor’s Kentucky Truck Plant, the most crucial plant affected by the disruptions so far.

Lucid’s third-quarter deliveries fell short of Wall Street expectations

GM CEO Mary Barra shared more details about the company’s plan to overhaul, rather than discontinue, the affordable Chevrolet Bolt EV.

Nikola disclosed on Tuesday that an arbitration panel has awarded it $165 million in damages from its disgraced founder and former CEO Trevor Milton.

Ford said customers in North America are unwilling to pay a premium for an EV.

Ford’s results fell short of Wall Street’s estimates and amplified investors’ worries about costs and quality, plus demand for the company’s EVs.

Toyota profit more than doubled for the quarter due in large part to demand for the Prius and other hybrids, as well as favorable currency factors.

Nikola will have to spend $62 million to replace battery packs in more than 200 trucks. But it now has more cash and nearly 300 orders for its latest model.

Ferrari raised guidance after its third-quarter profit surged 46% year over year. Its customers continue to load up their new Ferraris with expensive options.

Nissan chief Makoto Uchida said it’s important for EV makers to tailor their approach to specific markets.

Polestar said it is targeting a gross profit margin in the high teens, and deliveries of 155,000 to 165,000 vehicles, in 2025.

Electric vehicle startup Fisker on Monday reported a third-quarter loss that was wider than Wall Street expected.

Following disappointing earnings, Fisker said that it had uncovered “material weaknesses” in its internal financial controls. Shares are down sharply.