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Rivian’s chief financial officer Claire McDonough is resigning her position at the end of October, the company announced in a regulatory filing Thursday. The company said McDonough is stepping down to “pursue a new opportunity and relocate to the East Coast to be closer to her family.” McDonough has been hired as CFO at Massachusetts-based…
Lucid Motors said Tuesday that its “operational reset” will focus on $1.4 billion in cash reductions along with three other “must win” and potential money-making priorities that include robotaxis, its factory in Saudi Arabia, and launching a mid-sized electric vehicle. But that mid-sized vehicle, which is supposed to start at under $50,000, is now delayed…
Tesla delivered more than 480,000 vehicles in the second quarter of this year, an increase of more than 120,000 from the first quarter, in a sign that the company is still able to attract new buyers for its EVs despite a downturn in the U.S. market. The company said Thursday that it built 451,758 in…
Slate Auto, the EV startup backed by billionaire Jeff Bezos, has finally revealed the starting price of its electric truck: $24,950. That’s excluding taxes, title, license, registration, governmental fees, destination charges, documentation fees, and any optional equipment, according to the company. Slate started taking pre-orders for the truck on Wednesday. Crucially, Slate also said that…
Emad Dlala, a top executive at EV-maker Lucid Motors, has left the company just months after being promoted to a leading role, TechCrunch has learned. Dlala’s exit is the first major executive departure since Lucid Motors selected Silvio Napoli as its new CEO in April. Napoli joined Lucid after spending a career in various leadership…
Lectric eBikes, a Phoenix, Arizona-based company known for its practical and affordable XP series electric bikes, has launched three new brands so far this year — a Juiced Bikes relaunch, a new Juiced Powersports brand, and now a premium adventure brand called Monarc — an expansion strategy that runs counter to the wave of bankruptcies…
Slate Auto, the electric vehicle startup backed by Jeff Bezos and LA Dodgers owner Mark Walter, will announce pricing and start taking non-refundable preorders for its low-cost electric vehicle on June 24, ahead of the first deliveries late this year. The company sent out emails to prospective buyers on Thursday that encouraged them to make…
Rivian has finally revealed that the first customers of the company’s new R2 SUV will get their vehicles on June 9. The automaker has spent the last few months ramping up its efforts to release the R2, which is more affordable and aimed at a larger market than its current R1 lineup. The new SUV…
All that doom and gloom about the state of the electric vehicle market? That’s just an American problem. The rest of the world can’t get enough EVs, according to a new report from the International Energy Agency. EV sales surpassed 20 million units last year, capturing 25% of the global market. Growth was highest in…
Investors can’t seem to get enough of RJ Scaringe or his ideas. In less than a decade, the serial entrepreneur best known for his EV company Rivian has raised more than $12.3 billion from venture capital firms, as well as from strategic and institutional investors for his three — and counting — startups. If the…