Chinese tycoon spent 8 years, $3 billion on EV that hasn't been built
EV maker Faraday Future once called itself the next Tesla but has yet to produce a vehicle.
EV maker Faraday Future once called itself the next Tesla but has yet to produce a vehicle.
The demise of Argo AI is the latest high-profile stumble in the AV space, but the technology is still young and remains promising.
Tesla CEO Elon Musk expects self-driving cars by 2024 or sooner, but Rivian and Lucid aren’t ready to remove driver controls like steering wheels and pedals just yet.
Net income rose to $286 million from $86 million a year earlier. Revenue improved 26 percent to $4.6 billion.
Germany joins countries including New Zealand and France in calling for a pause in seabed mining for battery metals, with domestic automakers VW and BMW saying they would not buy metals mined from the seabed.