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Akash Sriram

FILE PHOTO: A logo of Polestar is pictured on a car at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Polestar expects delayed profitability as EV demand weakens, competition intensifies

The company has struggled to scale amid weakening EV demand and intensifying competition from legacy manufacturers.

FILE PHOTO: Aurora Innovation logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
AutomotiveBusinessElectric Vehicles (EVs)News

Aurora shares jump after deal with Nvidia, Continental to deploy self-driving trucks

Aurora's stock nearly doubled in a year, driven by investor optimism in autonomous truck tech growth.

FILE PHOTO: People walk past a Tesla car parked in the Meatpacking District of New York City, U.S., January 02, 2025. REUTERS/Adam Gray/File Photo
Electric Vehicles (EVs)News

US opens probe into 2.6 million Tesla vehicles over remote driving feature

Tesla's Actually Smart Summon feature was launched in September and allows users to remotely move their vehicles using their smartphones.

An image showing inside a self-driving Tesla vehicle, displaying a screen that visualizes nearby cars and surroundings.
AutomotiveBusinessElectric Vehicles (EVs)NewsRegulations

Tesla gains on report Trump’s team planning federal self-driving vehicle regulations

Tesla shares jumped over 5% Monday after reports of Trump's team planning federal rules for autonomous vehicles.

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 Vehicles (EVs)ManufacturingNews

Rivian, Volkswagen Group launch $5.8 billion joint venture

Rivian and Volkswagen Group's $5.8B joint venture will merge EV software and architecture, targeting future electric models.

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
BusinessElectric Vehicles (EVs)NewsPolitics

Tesla hits $1 trillion market value as Musk-backed Trump win fans optimism

Tesla's market value breached the $1 trillion-mark in a sharp rally on Friday, on growing bets of favorable treatment with Trump's election.

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 Vehicles (EVs)News

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 Vehicles (EVs)NewsTransport

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.

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 Vehicles (EVs)ManufacturingNews

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.

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