Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.
This new Avatr sedan brings luxury looks, a price under $32,900, and a range-extender setup rated for more than 770 miles of CLTC driving.
The company is following through on its promise to not let Musk “double dip” if he won his appeal to restore Tesla’s 2018 compensation package, worth $56 billion.
For the longest time, the electric vehicle industry has been chasing a finish line that felt simple enough: make charging as fast as refueling a petrol car. That was the promise, the pitch, and in many ways, the justification for everything from billio…
The company is restructuring some teams to accommodate a booming energy storage business, according to emails viewed by TechCrunch.
Nobody was hurt after an EF-1 tornado hit the part of the factory where the R2 SUV is supposed to be built.
Doug Field had stints at Apple and Tesla before joining Ford in 2021.
The startup had faced mounting pressure from dealers, farmers, and a co-founder who complained that Monarch’s tech didn’t work properly.
The search for a new CEO, which lasted over a year following the sudden resignation of Peter Rawlinson, is finally over.
Slate Auto’s latest funding round was led by existing investor TWG Global, a firm run by LA Dodgers owner Mark Walter.