Fisker stock jumps 30% on forecast that analyst calls ‘borderline ludicrous’
Fisker reiterated its 2023 production target of 42,400 vehicles with its manufacturing partner Magna Steyr despite certain suppliers still facing challenges.
Auto lender American Car Center closes
Auto lender American Car Center closes a day after it pulled a $222 million bond sale from the market.
EV charging supplier sees U.S. raising costs by cutting off China
Zerova Technologies is riding a boom spurred by demand for greener cars in the U.S. The maker of EV charging systems is also navigating Joe Biden’s Inflation Reduction Act, and according to Chief Executive Officer Jay Yang, it isn’t an altogether positive law.
Rivian faces cash burn, demand concerns with Q4 earnings
Rivian is expected to post another big loss for the fourth quarter, while staff turnover and consumer demand for its EVs in this economic climate pose other concerns.
Tesla pauses rollout of driving-assist software
Tesla has temporarily stopped rolling out its $15,000 driver-assistance system until it addresses issues that led the carmaker to recall almost 363,000 vehicles.