Tuesday, 12 November 2024
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Abhirup Roy

FILE PHOTO: The Rivian logo is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. REUTERS/Mike Blake/File Photo
BusinessEconomyElectric VehiclesNews

Rivian’s quarterly revenue slumps for first time since IPO

Rivian posted its first drop in quarterly revenue on Thursday since the electric vehicle maker went public three years ago.

FILE PHOTO: Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
AutomotiveBusinessElectric VehiclesNewsTransport

EV maker Rivian may report first quarterly revenue drop since IPO

EV maker Rivian's plight comes amid a broader slowdown in electric vehicle demand due to cheaper hybrids.

FILE PHOTO: Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo
AnalysisBusinessElectric VehiclesManufacturing

Analysis: Musk’s bold 2025 prediction on Tesla sales faces skepticism, scrutiny

Tesla's ambitious growth forecast of 20-30 per cent for 2025, driven by cheaper models and self-driving tech, faces Wall Street skepticism.

FILE PHOTO: Newly manufactured Tesla Model Y SUV vehicles are transported along a freeway near Carlsbad, California, U.S., September 9, 2024. REUTERS/Mike Blake/File Photo
AutomotiveBusinessElectric VehiclesNews

Tesla eases investor fears with crucial EV growth forecast, shares jump

Tesla's stock surged nearly 12% after strong sales forecast, assuring investors of Musk's commitment to EV growth.

The Tesla Cybertruck is displayed on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo
BusinessEconomyElectric VehiclesManufacturingNews

Tesla expects slight growth in 2024 vehicle deliveries, shares jump

Tesla's Q3 profit margin beat estimates at 19.8%, driven by demand incentives, despite revenue missing expectations.

FILE PHOTO: The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo
AutomotiveBusinessElectric VehiclesNews

Musk to face questions on Tesla’s robotaxi bets on results day

Tesla investors will get the chance to question Elon Musk's robotaxi after a recent unveil lacked key details, hitting shares.

FILE PHOTO: Tesla logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectric VehiclesIndustryManufacturingNewsRegulations

Tesla’s Musk heads to Hollywood to unveil his robotaxi — and face a long list of questions

Tesla to unveil its Cybercab robotaxi, but experts doubt short-term gains amid high expectations and regulatory hurdles.

A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. REUTERS/Paresh Dave/File Photo
BusinessElectric VehiclesManufacturingNewsRegulations

Alphabet’s Waymo to expand robotaxi fleet with Hyundai EVs

Alphabet's Waymo partners with Hyundai to add IONIQ 5 EVs to its U.S. robotaxi fleet, with testing to begin in late 2025.

FILE PHOTO: A Tesla Model 3 vehicle warns the driver to keep their hands on the wheel and be prepared to take over at anytime while driving using FSD (Full Self-Driving) in Encinitas, California, U.S., October 18, 2023. REUTERS/Mike Blake/File Photo
AnalysisAutomotiveBusinessElectric VehiclesNewsRegulationsTransport

US Uber, Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns

Tesla's Full Self-Driving software is being used by ride-hail drivers, despite safety concerns.

FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo
BusinessEconomyElectric VehiclesFinanceNewsTrade

Tesla misses estimates for Q3 deliveries on stiff competition

Tesla missed third-quarter delivery expectations, reporting 462,890 vehicles, amid rising competition from China and Europe.

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