Rivian cuts hundreds of workers after R2 deliveries start
The company said the cuts were part of a restructuring meant to help scale to profitability. Rivian recently pushed back its profitability goal to inv…
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Global EV market goes K-shaped as the U.S. gets left behind
EV sales have surged worldwide in every region but the U.S., posing risks for legacy and startup automakers.
Lucid Motors doesn’t know how many EVs it will build this year
Lucid Motors pulled its guidance for the year, as it navigates swelling inventory and a company-wide cost-cutting measure.