The electric truck maker said it had enough cash to fund its operations through 2025.
Category: Electric and Hybrid Vehicles
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Rivian Lost $1.7 Billion in the Third Quarter
The New York Times – Business: -
Lucid Said It Will Raise Up to $1.5 Billion in Capital
The New York Times – Business:The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.
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Ford Lost Money in the Third Quarter as Costs Surged
The New York Times – Business:The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.
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How Biden Uses His ‘Car Guy’ Persona to Burnish His Everyman Image
The New York Times – Business:In the run-up to the midterm elections next month, President Biden is hoping his gearhead reputation will appeal to some parts of the Trump base.
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GM Reports Increased Profits in Third Quarter Amid High Inflation
The New York Times – Business:General Motors sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
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G.M. Reports Jump in Profit on Strong Sales
The New York Times – Business:The automaker sold more cars in the third quarter after struggling with a shortage of computer chips earlier in the year.
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Tesla Cuts Prices in China in Sign of Slowing Demand
The New York Times – Business:Shares of the company slumped as investors worried about increasing competition.
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E.V.s Start With a Bigger Carbon Footprint. But That Doesn’t Last.
The New York Times – Business:The manufacturing and disposal of electric vehicles result in more greenhouse gases than nonelectric models, but that difference will eventually disappear altogether.
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Tesla’s Profit Jumped in Third Quarter on Strong Sales
The New York Times – Business:The electric carmaker is growing fast but investors are worried that sales are starting to slow because of higher prices and interest rates.
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E.V. Bonanza Flows to Red States That Denounce Biden Climate Policies
The New York Times – Business:No Republican in Congress voted for the Inflation Reduction Act. But their districts and states will greatly benefit from the investments spurred by the law.
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Nikola Founder Trevor Milton Is Convicted of Fraud
The New York Times – Business:Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.