Business, Technology, Equipment, Fuel

Rivian Sees Deeper Loss on Higher Production Costs for Debut EV

Rivian Automotive Inc., the Inc.-backed electric-pickup maker that is seeking to go public, expects to record a quarterly net loss of up to $1.28 billion due to costs associated with the start of production of its debut truck.

Yueqi Yang | Bloomberg News
October 25, 2021
Business, Technology, Equipment

GM Plans ‘Substantial Shifts’ in Supply Chain as Chip Shortage Persists

General Motors Co. is planning to revamp its supply chain as the pandemic-triggered chip shortage and rising demand for chip-intensive vehicles have demonstrated the need for an overhaul.

Yueqi Yang | Bloomberg News
September 20, 2021
Business, Technology, Equipment, Fuel

EV Tax-Credit Plan Draws Ire From Nonunion Toyota, Tesla

A proposal by U.S. House Democratic lawmakers to give union-made electric vehicles higher subsidies drew criticism from nonunionized automakers, including Toyota Motor Corp., Tesla Inc. and Rivian Automotive Inc.

Yueqi Yang | Bloomberg News
September 13, 2021
Government, Business, Technology, Autonomous

Elon Musk to Host NBC’s ‘Saturday Night Live’ on May 8

Tesla CEO Elon Musk will host “Saturday Night Live” for the first time on May 8, NBC said.

Yueqi Yang | Bloomberg News
April 26, 2021