America’s rapidly growing fleet of electric vehicles could become an unexpected source of electricity storage as the country races to meet growing demand for AI energy. That’s according to Redwood Materials, a startup founded by former Tesla CTO JB Straubel, which now recycles more than 70% of all batteries in North America. With millions of
Tesla no longer plans to reach “volume production” of three of its newest products (the Cybercab, the Tesla Semi and its Megapack 3 commercial energy storage solution) in 2026, according to a second-quarter shareholder letter released Wednesday. The company also removed language from its first-quarter letter about its Optimus robot reaching “volume production.” The company
The price tag for General Motors’ electric vehicle reboot has soared to nearly $11 billion. During the automaker’s Tuesday earnings update, executives said GM recorded an electric vehicle-related charge of nearly $2.3 billion in the most recent quarter. That brings the automaker’s total related costs to $10.9 billion from the second half of 2025, as
Slate Auto, the Jeff Bezos-backed electric vehicle startup, has built its business around the idea of simplicity and customization. Start with a $24,950 unpainted gray electric pickup truck with 205 miles of range (and no tech styling) and let the buyer customize it to their liking through vehicle wraps, decals, lighting and other accessories. Vehicle
Hyundai confirmed to Business Insider that it will stop selling the standard Korean-made Ioniq 6 in the United States. The retro-style sedan never matched the success of its crossover sibling, the Ioniq 5 (which has had strong sales this year; in May, the company reported delivering 5,002 units, up 16% from last year). Hyundai said
Lucid Motors’ new CEO continues to restructure the company after announcing hundreds of job cuts last month: The electric vehicle maker said Thursday that its chief financial officer, Taoufiq Boussaid, will leave the company. Boussaid’s pending departure comes amid a flurry of new executive hires aimed at bolstering the company’s leadership as Lucid’s new CEO,
