Rivian has changed 600 parts of its R1S SUV and R1T pickup in an effort to reduce production costs while improving the performance of its flagship vehicles. The end goal, which will be realized in the coming year, is existential. Rivian lost about $38,784 on each vehicle it delivered in the first quarter of 2024, … Read more
Hertz electric vehicles test drive at the Los Angeles International Airport site on July 19, 2023 in Los Angeles, California. Rodin Eckenroth | Getty Images Entertainment | Getty Images The race to the $25,000 EV in the US car market has been won, but not in the way the auto industry wanted. Since January, Hertz … Read more
Tariffs aimed at protecting the U.S. solar industry from foreign competition went back into effect Thursday, ending a two-year pause that President Biden approved as part of his effort to slow solar adoption to get a flying start in the US. The tariffs, which will apply to certain solar products from Chinese companies in Southeast … Read more
GameStop meme stock trader Roaring Kitty (aka Keith Gill) first returned to Twitter in May after an absence of three years, and subsequently made his first new Reddit posts this week amid the latest resurgence of GME frenzy. Now there’s a hint he may be bringing back his infamous YouTube streams as GameStop stock continues … Read more
The Food and Drug Administration announced Thursday that it has reversed its ban on Juul e-cigarettes while it reviews new court rulings and considers updated information from the vape maker. The FDA first ordered the company to stop selling its products in 2022, but they have remained on the shelves pending an appeal. Juul has … Read more
US stocks fell on Thursday after a Big Tech-driven winning session, with investors weighing new labor data against growing hopes for rate cuts. The S&P 500 (^GSPC) fell below the flat after a record close. The Dow Jones Industrial Average (^DJI) fell slightly, while the tech-heavy Nasdaq Composite (^IXIC) gave back the early session, down … Read more