Tesla Stock Tumbles on Word of Latest Loss

Tesla Stock Tumbles on Word of Latest Loss

Tesla stock plunged in after-market trading Wednesday as the automaker announced a second-quarter loss of $408 million despite achieving record production and deliveries. Tesla did manage to drive up revenues by 47% compared to year-ago levels, to $5.2 billion. It was...
Chinese EV Sales Defy Overall Market Slump

Chinese EV Sales Defy Overall Market Slump

It’s been a busy week for automotive dealmakers in China. Both Renault and Toyota have lined up new joint ventures that will allow them to significantly expand their production in battery-electric vehicles in what is now the world’s largest market for BEVs. And...
Exclusive: FCA Has Big News Coming in Electrification

Exclusive: FCA Has Big News Coming in Electrification

Not all that long ago, former Fiat Chrysler CEO Sergio Marchionne was asking potential customers not to buy the automaker’s all-electric Fiat 500e because it lost too much money on every one of them. Just months before his unexpected death, Marchionne began to shift...