A judge has denied Tesla’s request to overturn a $243 million jury verdict that found the automaker partly responsible for a fatal crash involving its Autopilot driver assistance system. “The grounds for relief relied upon by Tesla are virtually the same as those raised by Tesla earlier in the course of the trial and in … Read more
Ford promises to deliver an EV truck next year that starts at $30,000 and can compete with Chinese automakers without undermining profit margins. A combination of 3D-printed Lego-like parts, a Formula 1 mindset and a rewards program will help the company achieve that goal, Ford said Tuesday. It will have to. Ford took a $19.5 … Read more
Rivian is in every respect a manufacturer and seller of electric cars. But in 2025, it was the company’s software and services that helped its annual revenue growth of 8%. Rivian on Thursday reported total 2025 revenue of $5.38 billion, up from $4.97 billion a year earlier. That rosy picture is dulled a bit when … Read more
Electric car startup Lucid Motors sought to raise a Series D funding round in 2017. It courted Ford as a potential investor, but Jia Yueting, founder of rival startup Faraday Future, quietly amassed around a 30% stake and essentially blocked new investors. David Stern, a mysterious businessman and close adviser to the former Prince Andrew, … Read more