John Rosevear

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.