Rivian to lay off 6% of workforce as EV price war concerns grow

Employees examine a Rivian R1T electrical automobile (EV) pickup truck on the assembly line at the company’s producing facility in Typical, Illinois, US., on Monday, April 11, 2022. Jamie Kelter…

‘Bleeding cash’: Rivian to cut 6% of jobs amid price war, internal memo says

SAN FRANCISCO — Rivian Automotive is laying off 6% of its workforce in an energy to minimize charges as the EV maker, already grappling with slipping cash reserves, braces for…

Ford cuts price of EV Mustang Mach-E, following Tesla’s cuts

Folks pay a visit to Ford’s all-electrical SUV Mustang Mach-E at the 2019 Los Angeles Automobile Display in Los Angeles, the United States, Nov. 22, 2019. Xinhua through Getty Illustrations…

Ford’s EV price cuts could pressure profitability, a headwind the automaker needs to address

Ford Motor (F) confirmed Monday what Jim Cramer has been speculating for months: Selling price cuts on its electric autos following identical moves by Tesla (TSLA). When engaging in this…

Ford boosting Mustang Mach-E production, cutting price by up to $5,900

Ford says it will fall the cost of the Mustang Mach-E electric powered crossover though simultaneously ramping up generation in 2023. Customers can expect to see value drops as steep…

Tesla’s price cuts could spur an EV pricing war

A Tesla showroom is witnessed in the Town Middle shopping middle on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Photos DETROIT — Tesla vehicles in the U.S.…

2024 BMW M3 CS revealed with more power, less weight and big price

Now that the current technology BMW M3 and M4 have been out for a few several years, the higher-general performance variants are officially in total swing. Previous 12 months noticed…

Tesla uses its profits as a weapon in an EV price war

DETROIT — Tesla Inc earns more income for each and every auto it sells than any of its worldwide rivals. Now, Chief Executive Elon Musk is utilizing that remarkable profitability…

VinFast plans promotions in response to Tesla price cuts

HANOI — Vietnam’s electrical-car or truck maker VinFast reported on Thursday it will start promotions to guard the current market competitiveness of its versions, a week following Tesla declared aggressive…

Here’s a roundup of 8 price target changes we made in Club stocks

This earnings time has been a tricky a person for our significant know-how stocks — and as a end result, we have reduced numerous of our price targets based mostly…