electric vehicle

Business, Technology, Autonomous

Tesla, Apple Trigger Wall Street Dreams of $3 Trillion Valuation

Tesla Inc. electric vehicles charge at the Tesla Supercharger station in Fremont, Calif. Tesla Inc. electric vehicles charge at the Tesla Supercharger station in Fremont, Calif. (Nina Riggio/Bloomberg News)

A growing chorus of Wall Street professionals is predicting that electric and autonomous vehicles sales will propel Tesla Inc. and Apple Inc. to $3 trillion each in market value by 2030.

Divya Balji | Bloomberg News
March 22, 2021
Business, Technology, Fuel

EV Maker Lordstown Dips on SEC Look at Short-Seller Claims

The Lordstown Endurance electric pickup truck. (Matthew Hatcher/Bloomberg News) The Lordstown Motors Endurance electric pickup is displayed during an unveiling event in June 2020. (Matthew Hatcher/Bloomberg News)

Electric-truck startup Lordstown Motors Corp. fell in extended trading after reporting it received an inquiry on its operations from the Securities and Exchange Commission.

David Welch | Bloomberg News
March 18, 2021
Business, Technology, Fuel

Lordstown Motors Sets Debut Report Without EV Pickups to Show Off

The Lordstown Motors Endurance electric pickup sits on stage during an unveiling event in June 2020. The Lordstown Motors Endurance electric pickup sits on stage during an unveiling event in June 2020. (Matthew Hatcher/Bloomberg News)

Lordstown Motors Corp.’s first-ever quarterly report is likely to be overshadowed by broader concerns about customer demand and progress on getting production going at the electric-vehicle startup.

Esha Dey | Bloomberg News
March 17, 2021
Business, Technology, Fuel, Autonomous

BMW Ramps Up Move to Electric Cars

BMW i4 BMW i4 by BMW Group

FRANKFURT, Germany — BMW intends to speed the rollout of new electric cars, vowing to bring battery-powered models to 50% of global sales by 2030, the German automaker said March 17.

David McHugh | Associated Press
March 17, 2021
Business, Technology, Equipment, Fuel

VW Shares Soar on Plans to Beat Tesla

A VW ID.3 electric vehicle is seen inside the company's Autostadt delivery towers in Wolfsburg, Germany. A VW ID.3 electric vehicle is seen inside the company's Autostadt delivery towers in Wolfsburg, Germany, in October 2020. (Liesa Johannssen-Koppitz/Bloomberg News)

Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back days of briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.

Christoph Rauwald | Bloomberg News
March 16, 2021
Business, Technology, Fuel

Foxconn Mulls Making EVs at Wisconsin Plant

Young Liu Foxconn Chairman Young Liu speaks during a news conference in Taipei, Taiwan, on March 16. (Johnson Lai/AP)

TAIPEI, Taiwan — Foxconn Technology Group, the world’s largest electronics manufacturer, is considering making electric vehicles at its highly anticipated Wisconsin plant that has been scaled back since its announcement in 2017, the company’s chairman said March 16.

Huizhong Wu | Associated Press
March 16, 2021
Business, Technology, Fuel, Autonomous

Electric Last Mile Gets 45,000 Van Orders Amid E-Commerce Boom

Electric Last Mile van Electric Last Mile Inc.

Electric Last Mile Inc., the plug-in delivery van startup that’s in the process of merging with blank check company Forum Merger III Corp., said it has 45,000 preorders and will start production at the former Hummer plant in Indiana in the third quarter.

David Welch | Bloomberg News
March 16, 2021
Business, Technology, Fuel, Autonomous

Automakers Embrace EVs, but What About Buyers?

A Tesla Model Y Long Range is displayed at the Tesla Gallery on Feb. 24 in Troy, Mich. A Tesla Model Y Long Range is displayed at the Tesla Gallery on Feb. 24 in Troy, Mich. (Carlos Osorio/Associated Press)

DETROIT — The world’s major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. But do customers feel the same way?

Tom Krisher and David McHugh | Associated Press
March 15, 2021
Business, Technology, Fuel, Autonomous

GM-Backed Cruise Buys Self-Driving Startup Voyage

A Cruise Origin electric driverless shuttle

Cruise, the self-driving technology company that’s majority-owned by General Motors Co., said it acquired autonomous-vehicle startup Voyage, which operates a service in retirement communities.

David Welch | Bloomberg News
March 15, 2021
Business, Technology, Fuel

Lordstown Motors Sinks as Firm That Targeted Nikola Takes Aim

The Lordstown Endurance electric pickup truck. (Matthew Hatcher/Bloomberg News) The Lordstown Endurance electric pickup truck. (Matthew Hatcher/Bloomberg News)

Lordstown Motors Corp. plunged the most in five months after the short-seller whose attack on Nikola Corp. led to its founder’s departure turned its sights on the electric truck startup.

David Welch | Bloomberg News
March 12, 2021

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