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Shares of start-up slide after reporting a $5.4bn annual loss and 10% cut to salaried payroll
Also in today’s newsletter, extreme weather spells trouble for Asian textile producers
Company reports narrowing loss as volumes forecast to hit 52,000 this year
EV maker has rare shot at joining the big leagues of the global automaking but still faces big challenges
Tax credits, discounts and improved production capacity have lifted demand for EV manufacturers
Chinese rival BYD also reports sales volumes almost doubled in first half
Revenue of $661mn beats Wall Street expectations as 50,000 annual vehicle target is reaffirmed
Cash-burning electric vehicle start-up recruits workers in Illinois corn belt pursuing 50,000-delivery goal
Buyers of the $1.3bn convertible bond can feel good about whatever cause they are supporting
US start-up looks to preserve cash pile and focus on domestic production as economic conditions deteriorate
Chief executive says there has been an improvement in how it sources critical parts
Discovery of defect adds to list of setbacks for California-based automaker
Amazon-backed start-up and German carmaker will share costs at factory that will build vans for each brand
The narrowly focused funds that rely on the wisdom of crowds are failing to deliver this year
The electric truckmaker’s RJ Scaringe isn’t using Musk’s playbook in his battle with Ford and Tesla
Covid cases, severe weather and supply chain problems lower forecast to 25,000 units
Electric vehicle maker is on the right road despite recent unsettling developments
Lossmaking truck start-up’s valuation had soared above Volkswagen, Ford and GM
Hedge fund among several to score large gains on electric vehicle start-up
Stock prices of start-ups climb past established rivals despite lack of sales
Rivian’s roaring IPO, cocaine and climate change
Capitalisation of more than $100bn for Amazon-backed carmaker surpasses stalwarts GM and Ford
Huge hype around electric truckmaker that has only just started production
Former executive says she was let go after complaining about ‘toxic bro culture’
When the companies start delivering their electric trucks, how should both be valued?
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