Arrival Set Out to Beat Google, Got Stuck at the Starting Line
When Arrival, the primarily U.K.-based electric van and bus maker, was preparing to go public via a blank-check deal early last year, its ambition seemingly knew no bounds.
Musk Doesn’t Want to Hear Complaints About Driving System
Elon Musk doesn’t want to hear complaints from customers trying out the driver-assistance system that Tesla Inc. plans to start charging $15,000 for in the coming weeks.
Tesla Pauses Plant Production
A German plant reportedly will take a break this month, in addition to two model lines in Shanghai, Bloomberg reported.
Ford Delivers First Electric F-150
Nicholas Schmidt of Standish, Mich., became owner No. 1 of Ford Motor Co.’s first electric pickup, the F-150 Lightning.
Volvo’s New CEO Says Carmaker Must Smarten Up on Software
Volvo Car AB needs to be more in control of the software it develops and deploys in its vehicles, the automaker’s new CEO said.
Tesla Raises Prices Across Lineup
Tesla Inc. raised prices on all its vehicles after CEO Elon Musk said costs were increasing at the companies he runs.
BMW Recalls Almost 1 Million Cars Over Engine-Fire Risk
BMW AG recalled more than 917,000 cars in the U.S. — most of them for a second time — over an engine ventilation system that could overheat and increase the risk of fire.
Milton Has Sold $284 Million of Nikola Stock Since Fraud Charges
Nikola Corp.’s founder sold his biggest batch of shares since the U.S. charged him with securities fraud, bringing the total he has disposed of since August to $284 million.
Tesla Reportedly Delays Cybertruck by a Year to Late 2022
Tesla Inc.’s Cybertruck pickup has fallen about a year behind schedule, blog Electrek reported, citing remarks CEO Elon Musk made on a companywide call with employees.
EV Startups Lose More Than $40 Billion After Taking SPAC Route Public
At their highs, five electric vehicle startups that went public through mergers with special purpose acquisition companies were worth $60 billion. The corrections that followed have been brutal.