Finance

There’s only one thing left to achieve after becoming a CEO: becoming a CEO again.Tesla is an interesting car company in that it has a “first mover” advantage, getting free access to the American EV market that GM abandoned after it killed…

Image: RivianBack in early 2019, just after completing a $700 million funding round, Rivian founder and CEO R.J. Scaringe outlined the company’s future plans in a Bloomberg interview. One of the plans was to have six vehicles in its lineup…

Photo: FordFord said Wednesday that it had net income in the second quarter of $561 million, or a number better than the expected three months ago when it said that the chip shortage might cut production in April, May, and June by up to 50…

Photo: Rio TintoRio Tinto Group is building a lithium mine in Serbia, and the company is going to spend a whopping $2.4 billion on its development. Rio’s Jadar project marks the first big move into lithium by a mining major, according to…

Image: Electrify AmericaGiven the variety of EVs on the market today and the sheer pace at which the tech is advancing, it was only a matter of time before the auto industry and infrastructure planners found themselves facing the same kinds…

Photo: Jason TorchinskyVW’s ID models had a rocky start getting into dealerships, but everyone sort of half-hoped that once sales were up and running, the mainstream rivals to Tesla would take off. That’s only come half true.The big news…

Image: Jason Torchinsky/ToyotaThe other day in the Jalopnik Slack room, in between the usual sharing pictures of confusing rashes and pretending to read various writers’ deeply unsettling erotic poetry, our Editor-In-Something Rory stated…

Congress leader Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging her to extend the moratorium on repayment of short-term.crop loans by farmers to December 31, 2021. Gandhi also sought waiver of all penal interest…

Photo: NikolaNikola founder Trevor Milton was indicted Thursday on fraud charges by federal authorities in Manhattan, capping a long downfall for the EV truck startup founder. Authorities filed both a criminal and civil case against Milton;…

Photo: VolkswagenVolkswagen is talking the talk, American Airlines’ pilots and flight attendants aren’t happy, and sodium-ion batteries. All that and more in The Morning Shift for July 29, 2021.1st Gear: Volkswagen Is Playing Catch UpIt is…