How confident are you that you can turn a profit with this new system given the fact that you lost $1.3% billion on EVs last quarter. >> We did. You're right.You know, this is our next cycle of product. Uh we've done a lot of homework for three years. We had the best talent on the planet to compete and beat BYD. We benchmark everyone on the planet.We know exactly the cost level we need to be at the kind of efficiency on engineering 40% faster to build the vehicle radically you know it's more simple parts on ...

With Trump set to ax a key electric vehicle tax credit next month, California Governor Gavin Newsom has yet to advance his highly touted proposal to restart the state’s own EV subsidies, according to people familiar with the discussions https://t.co/OPQhxCB7fE ...

Lucid trimmed its full-year production outlook, making the electric vehicle manufacturer the latest carmaker to temper expectations for the year https://t.co/VQZ0MYvZdc ...

And as President Trump's tariffs take effect, various industries share, in their own words, the impact on their operations and their bottom lines. As we head out to break, we take a look at the auto industry and how it's being affected by tariff policy. Since inception, I really wanted to focus on American manufacturers.So about 95% of our supplier pool is domestic. Or so we thought. We're discovering that's not exactly true.Meaning many of our suppliers, the key components or elements of their products tha ...

Shares of Tesla plunged Thursday morning, accounting for a more than $17 billion cut to Elon Musk’s net worth, after Musk warned his automaker would likely have a “few rough quarters” ahead as federal electric vehicle tax credits expire soon.https://t.co/uc1ZSFXBzL https://t.co/4fO6yBu3yW ...

Upcoming Event - Tesla is set to release its second-quarter results after market close on Wednesday [1] Market Expectation - Investors anticipate a significant movement in the electric vehicle maker's stock following the report [1]

Strategic Partnership - Uber enters a six-year partnership to deploy over 20,000 robotaxis, indicating a significant push towards autonomous driving [1] - Uber partners with Lucid and Nuro, investing $300 million in Lucid [2] - Nuro will develop self-driving technology for Lucid to supply robotaxis to Uber, receiving a multi-hundred-million-dollar investment [2] Investment & Financial Commitment - Uber invests $300 million in Lucid, demonstrating financial commitment to the robotaxi program [2] - Nuro receives a multi-hundred-million-dollar investment, highlighting the scale of the autonomous driving initiative [2] Leadership Vision - Uber's CEO expresses excitement about partnering with Nuro and Lucid to bring autonomous driving to more people globally [3]

Uber is teaming up with electric vehicle maker Lucid and self-driving tech startup Nuro to launch a robotaxi fleet. https://t.co/xnlNcIkFdf ...

China’s industry regulator found that carmakers including BYD and Chery Automobile claimed electric vehicle subsidies they didn’t actually qualify for during the five years that started in 2016 https://t.co/2HQdddET5t ...

Tesla is shaping the future of driving smarter, safer, and fully electric https://t.co/OEoGlNhQkY ...