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EV makers Lucid, Nikola, and Lordstown saw their stock decline mostly owing to disappointing failures regarding their production figures. Three electric vehicle (EV) startups that went public via special purpose acquisition companies (SPAC) recently fell short of their projected 2022 goals. According to reports, EV companies Lucid Group Inc (NASDAQ:
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Despite a strong profit and raising its guidance for the year, General Motors announced second-quarter earnings, which did not meet Wall Street’s estimates.General Motors (NYSE: GM) posted second-quarter (Q2) earnings of $34.2 billion in revenue and $1.97 in adjusted EPS, which missed Wall Street expectations. In comparison, Wall Street projected
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Both General Motors and Ford have launched their electric vehicles, and Cramer believes that they stand as rivals for existing EVs. GM plans to have 30 EV models on the road by 2025.American television personality and CNBC’s Mad Money Jim Cramer recommended holding Ford Motor Company (NYSE: F) and General Motors (NYSE:
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Lucid Motors has recently announced an intent of the company to alter merge with a blank-check dedicated company Churchill Capital IV Corp in an agreement to trade and operate publicly.Formerly known as Atieva, Lucid Motors Inc is a famous auto firm specifically dedicated in producing electric cars. As per recent
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BleepingComputer claims to have evidence that the ransomware gang DoppelPaymer is demanding 404 BTC from the car firm. Source
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A wave of scandals has hit Nikola this month.GM is the latest Nikola partner to delay closing a deal.Nikola shares are down over 80% from their June record high.In the good old days when the most controversial thing about Nikola was the lack of revenues, the energy vehicle startup touted
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Nikola’s stock has tumbled following a series of allegations by a short-seller.The company’s founder resigned from his executive chairman’s position just days ago.The value of GM’s promised stake in the new energy automaker has now halved.General Motors has until September 30th to change its mind regarding the partnership deal it
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Xpeng Motors is said to be going to raise over $300 million in new funding, ahead of its U.S. IPO listing.Chinese electric vehicle major manufacturer Xpeng Motors, which is considered to be a huge competitor to Tesla Inc (NASDAQ: TSLA) in China, is said to be in talks to raise
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Chinese electric car company Xpeng Motors began delivering its P7 sedan model last month, which is almost similar to Tesla Model 3.In fresh funding, Chinese electric vehicle company Xpeng Motors has managed to raise a total of $500 million from different private investors. Some of the investors who took part
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Major car manufacturer, General Motors, or GM, has filed a patent application for a continuously updating navigation map system. The system would use blockchain to integrate data from vehicle sensors and build a reliable map for autonomous vehicles.According to the filing, which was submitted on Oct. 1, 2018 and
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