Latest from Sean O'Kane
Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2…
The pandemic ushered in an e-bike boom. But like so many other pandemic trends, that boom didn’t last. The last year has seen e-bike startups VanMoof and Cake file for…
Lucid Motors’ senior vice president of digital Mike Bell has resigned from his position. The company said in a filing Monday that the longtime Apple and Intel executive’s resignation is…
Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a…
Transportation
Fisker stiffed the engineering firm developing its low-cost EV and pickup truck, lawsuit claims
Henrik Fisker stood on a stage last August and proudly debuted two prototypes designed to catapult his eponymous EV startup Fisker into the mainstream. There was the Pear, a low-cost…
Rivian is getting $827 million in incentives from the state of Illinois to support building its next-generation electric vehicle, known as the R2. The company announced Thursday that the Illinois…
Tesla has gutted its charging team in a new round of layoffs, despite recently winning over major automakers like Ford and General Motors and making its connector the de facto…
EV startup Fisker Inc. is laying off more employees to “preserve cash,” one week after warning investors it would have to make cuts to stave off impending bankruptcy, according to…
Federal safety regulators have opened an investigation into Ford’s hands-free driver-assistance system, BlueCruise, after it was found to be active during two recent crashes that killed multiple people. The National Highway…
Transportation
Tesla Autopilot investigation closed after feds find 13 fatal crashes related to misuse
The National Highway Traffic Safety Administration closed a long-standing investigation into Tesla’s Autopilot driver assistance system after reviewing hundreds of crashes involving its misuse, including 13 that were fatal and…
Tesla’s been undergoing some major changes, and now we have a sense of why: The company says it is upending its product roadmap because of “pressure” on EV sales. The…
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom…
Tesla has officially revealed a new Performance variant of the recently refreshed Model 3 sedan as the company looks to fight off receding demand. The new version of the Model…
Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to…
Tesla is recalling all 3,878 Cybertrucks that it has shipped to date, due to a problem where the accelerator pedal can get stuck, putting drivers at risk of a crash,…
Transportation
Tesla still plans to build 1,800-mile charging corridor for semi trucks despite Biden funding snub
Tesla is pushing forward with a plan to build an electric big rig charging corridor stretching from Texas to California, despite being snubbed by a lucrative federal funding program that’s…
Tesla has spent around $200,000 on advertising through February on Elon Musk’s social media platform, X, after the CEO caved to shareholder pressure last year and said his company would…
Transportation
Tesla ditches EV inventory price discounts as Elon Musk moves to ‘streamline’ sales and delivery
Tesla has ended discounts on inventory across its electric vehicle lineup — even as sales for EVs have flagged — as part of a larger and vague plan by CEO…
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Tesla layoffs hit high performers, some departments slashed, sources say
Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled…
Two high-profile executives have departed Tesla the same day that the electric automaker laid off thousands of workers, TechCrunch has confirmed. Drew Baglino, Tesla’s SVP of Powertrain and Energy, and…
It’s the first known fatality resulting from a crash involving the use of BlueCruise, which Ford first announced in 2021.
Two internal whistleblowers at Faraday Future claim the troubled EV company has been lying about some of the few sales it has announced to date. They also claim founder Jia…
Lucid Motors delivered more EVs in the first quarter of 2024 than it has in any other quarter, though it set the record by a very slim margin. The Saudi-backed,…
Tesla is reportedly abandoning its plan to build a lower-cost EV, thought to be priced around $25,000, according to Reuters, despite that vehicle’s status as a pivotal product for the…
Tesla is dropping prices of unsold Model Y SUVs in the U.S. by thousands of dollars in an attempt to clear out an unprecedented backlog of inventory. Many long-range and…
Faraday Future has avoided getting evicted from its Los Angeles headquarters — for the time being. The troubled EV startup reached an agreement April 2 with its landlord, Rexford Industrial,…
The National Highway Traffic Safety Administration has opened a third investigation into EV startup Fisker’s Ocean SUV, this time centered on problems getting the doors to open. The NHTSA’s Office…
Rivian has a challenging year ahead — and the first quarter is off to a tepid start. The EV startup announced Tuesday that it built 13,980 vehicles and delivered 13,588…
Tesla just turned in one of its more disappointing first quarters for deliveries in a while, and the company is putting some of the blame on an arson attack at…
Fisker temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that started in December and took months to complete,…
