Ford outlined plans to use a Canadian plant earmarked for future electric vehicles to instead build larger, gas-powered versions of its F-Series pickup truck.
Read More Ford pivots from EV plans to heavy-duty trucks at Canada facility
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Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competition
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker.
Read More Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competition
Tesla quarterly deliveries fall for the first time in nearly four years
The Elon Musk-led company’s shares fell 5.3% in early trading and were on track to lose about $30 billion in market value.
Read More Tesla quarterly deliveries fall for the first time in nearly four years
Tesla asks which jobs are critical, stoking layoff fears – Bloomberg News
Tesla sent out a single-line query for each job after canceling some employees’ biannual performance reviews.
Read More Tesla asks which jobs are critical, stoking layoff fears – Bloomberg News
Industry pain abounds as electric car demand hits slowdown
A near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and production cuts.
Read More Industry pain abounds as electric car demand hits slowdown
Tesla set to erase $70 billion in valuation after Musk’s sales warning
Tesla tumbled nearly 11% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts.
Read More Tesla set to erase $70 billion in valuation after Musk’s sales warning