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News
Citigroup Returns to Nio Buying, Quadruples XPeng Stake in Q2 Filing | EV
2+ day, 11+ hour ago (1223+ words) Citigroup more than quadrupled its holding in XPeng and bought Nio shares for the first time in five quarters, positioning itself in Chinese EV makers whose US-listed stocks fell throughout the period — an early read on institutional flows before most…...
Lucid's US Revenue Share Falls to 70% as Saudi Government Orders Ramp | EV
3+ day, 11+ hour ago (1260+ words) Revenue Lucid Motors generated in Saudi Arabia nearly tripled year over year to $98.2 million in the second quarter, reaching 24.2% of total revenue and reshaping a geographic mix that the United States had dominated since the company’s first deliveries, a new…...
Lucid-Uber Robotaxi Faces Next Major Milestone in August | EV
1+ week, 3+ day ago (1600+ words) The next checkpoint in Lucid‘s robotaxi programme with Nuro and Uber falls in August, which begins on Saturday. A timeline published in the EV maker’s first-quarter shareholder deck on May 5 sets out eight dated stages between the July 2025 signing…...
Exclusive: Lucid's VP of IT Steps Down in 17th Senior Exit Since Late 2023 | EV
1+ week, 3+ day ago (1040+ words) Sanjay Chandra, Lucid Motors‘ most senior information technology executive, has stepped down from the company, a person close to the matter told EV on Tuesday. Chandra joined the Saudi-backed EV maker in March 2021 as VP and Global Head of Information…...
Porsche Adds 5,000 Job Cuts, Lifting Total to 9,000 by 2035 | EV
1+ week, 5+ day ago (1175+ words) Porsche said on Monday it will eliminate 9,000 jobs by 2035 after management and labor representatives agreed to a second restructuring package, deepening cost cuts at the German luxury carmaker as sales in China continue to fall and its EV strategy stalls....
Lucid Shareholders Demand Stability, Diversification and Software Fix | EV
1+ week, 5+ day ago (1401+ words) Lucid shareholders have begun filing their questions for the company’s second-quarter earnings call on August 4, offering a first read of what retail investors want from new chief executive Silvio Napoli. The company’s shareholder Q&A portal listed 47 questions from 224 participants…...
Tesla Starts Summer Software Rollout, Expands Grok Controls | EV
1+ week, 5+ day ago (1213+ words) Tesla began the global rollout of its 2026 Summer Update to customer vehicles on Sunday, expanding Grok voice controls to core vehicle functions, adding personalized navigation and several new mobile app features. The 2026.26 software package is the second major seasonal over-the-air…...
Jefferies Upgrades Ford and GM Rating to 'Buy,' Sees About 20% Upside
1+ week, 5+ day ago (1495+ words) Jefferies analyst Philippe Houchois upgraded the firm’s rating on General Motors and Ford to ‘Buy’ from ‘Hold,’ according to two research notes first obtained by PriceTarget. The analyst set price targets of $99 and $17.50, respectively — representing an upside potential of about…...
Tesla Wins Right to Seek Court-Set Rate for Avanci's 5G Patent Pool in UK | EV
1+ week, 5+ day ago (1045+ words) Tesla can pursue its demand for a court-determined licensing rate covering the Avanci 5G patent pool, the UK Supreme Court ruled unanimously on Monday. The decision revives a case with consequences for how every connected car pays for the cellular technology…...
Rivian R2 Uses Up to 26.5% More Energy Than Tesla Model Y, New Test Finds | EV
1+ week, 5+ day ago (1161+ words) An independent side-by-side test has found Rivian‘s R2 Performance consuming between 18.4% and 26.5% more energy than the Tesla Model Y Performance at every speed measured. The results challenge the efficiency parity the EPA ratings suggest, and that Rivian‘s own communication…...