Author: Kara Carlson

Rivian produced about half as many electric vehicles as Wall Street expected in the second quarter prior to the launch of 2026 model year vehicles later this month.

Tesla CEO Elon Musk said a Tesla Model Y SUV drove itself from the company’s factory near Austin to a customer’s home in the company’s latest move to showcase its push into autonomous driving.

Tesla rolled out its long-promised driverless taxi service to a handful of riders June 22, a modest debut for what Elon Musk sees as a transformative new business line.

Tesla executives including Elon Musk promoted a video of one of its vehicles driving in Austin with nobody behind the wheel, hinting that it’s close to launching its robotaxi service there.

Wall Street is reining in expectations for Tesla deliveries as the Elon Musk-run automaker struggles with waning consumer demand and the threat of reduced U.S. federal incentives for EVs.

The company now expects to sell 40,000 to 46,000 battery-powered pickups, SUVs and delivery vans this year, it said May 6 while reporting first-quarter results.

Slate Auto plans to debut a small electric-powered, American-made pickup for less than $20,000 with federal subsidies.

Tesla’s vehicle sales fell 13% last quarter to an almost three-year low, as the carmaker made over its most important model and dealt with international backlash against Elon Musk.

Rivian Automotive Inc. is spinning out a business that will develop small electric vehicles designed for short trips.

Lucid Group will begin a search for a new CEO after it said its current leader, Peter Rawlinson, has stepped aside to serve in a strategic advisory role.