Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analyst expectations and marked the first time the company’s quarterly profit (on a GAAP basis) has passed the three-comma threshold. The results pushed shares up more than 2.2% in after-hours trading. Tesla was able to beat expectations […]
Polestar to double its retail stores as it seeks to ramp up EV sales
Polestar plans to launch in nine more markets this year, doubling its global presence as it seeks to sell more of its electric sedans.
Troubled EV company Lordstown Motors gets $400M lifeline in stock-sale agreement
This new agreement could allow Lordstown to continue by providing the much-needed capital required to produce its first electric vehicle.
The Station: Rivian adds to its EV war chest, Sec. Buttigieg is coming to Disrupt, Argo preps to launch with Lyft
The Station is a weekly newsletter dedicated to all things transportation.
Rivian raises another $2.5B, pushing its EV war chest up to $10.5B
Rivian announced Friday that it has closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts advised by T. Rowe Price Associates Inc. Third Point, Fidelity Management and Research Company, Dragoneer Investment Group and Coatue also participated in the round, according to Rivian. […]