• Nikola discloses subpoenas from DOJ, SEC and New York DA

    Nikola discloses subpoenas from DOJ, SEC and New York DA

    Electric truck maker Nikola revealed late Monday that it was hit with a grand jury subpoena from the Justice Department in September amid accusations that the company has lied about its
  • Bentley says it will make only electric cars by 2030

    Bentley says it will make only electric cars by 2030

    The shift means the British brand will stop producing the roaring 12-cylinder gasoline engines that have made it famous in an effort to become the world's leading sustainable high-end car company.
  • Elon Musk says Tesla was month away from bankruptcy in 2018

    Elon Musk says Tesla was month away from bankruptcy in 2018

    As recently as 2019, Tesla was teetering on the edge of bankruptcy. The revelation came in the form of a tweet from CEO Elon Musk, who spent part of Election Day interacting with fans on the social
  • Ferrari stock soars as CEO says company has no plans to go electric

    Ferrari stock soars as CEO says company has no plans to go electric

    Ferrari’s shares are firing on all cylinders — and its cars will be guzzling gas for the foreseeable future. The Italian luxury automaker’s shares surged more than 7 percent Tuesday
  • Tesla wins case against Gigafactory whistleblower

    Tesla wins case against Gigafactory whistleblower

    Tesla has won its case against a whistleblower who was fired for hacking and transferring company data to a news publication. The electric automaker had filed a lawsuit against former Gigafactory employee Martin Tripp in 2018 after he got caught leaking an exposé to Business Insider. According to the information Tripp leaked, Tesla was shipping …
  • Nikola’s stock slides amid questions from short-seller

    Nikola’s stock slides amid questions from short-seller

    Shares of Nikola sank 7 percent on Tuesday after the short-selling research house that alleged the electric truck maker misled investors over its technology said the company had failed to address most of its queries. Nikola has rejected the accusations and threatened to take legal action against short-seller Hindenburg since its research into the company sparked …
  • Shares of Tesla rival Nikola crater after ‘fraud’ accusation

    Shares of Tesla rival Nikola crater after ‘fraud’ accusation

    One of Tesla’s main rivals is planning to take legal action against an activist short-seller that accused it of being “an intricate fraud.” Shares of electric automaker Nikola — which like Tesla is named after the 19th-century inventor — were down more than 15 percent Friday afternoon after a report from Hindenburg Research accused founder …
  • Volkswagen’s new electric car panned by German auto magazine

    Volkswagen’s new electric car panned by German auto magazine

    The newest electric car from Volkswagen has been critically panned by a German auto magazine, which said the vehicle fell short of the world’s largest automaker’s usual standards. In addition to sub-par fit and finish, with “Auto Motor und Sport” describing the inside of the hood as looking “like it was painted with a spray …
  • Uber promises every vehicle will be electric by 2040

    Uber promises every vehicle will be electric by 2040

    Uber on Tuesday said every vehicle on its global ride-hailing platform will be electric by 2040, and it vowed to contribute $800 million through 2025 to help drivers switch to battery-powered vehicles, including discounts for vehicles bought or leased from partner automakers. Uber, which as of early February said it had 5 million drivers worldwide, …
  • GM takes $2B stake in Nikola, will produce Tesla rival’s electric truck

    GM takes $2B stake in Nikola, will produce Tesla rival’s electric truck

    General Motors has taken an 11 percent stake in electric-vehicle maker Nikola, through a multibillion-dollar partnership with the Tesla rival announced Tuesday. Under the deal, GM will get $2 billion in Nikola stock to engineer and manufacture the all-electric Badger pickup truck that the Phoenix-based startup first unveiled in February. Nikola will also get access …