The CEO of Canoo is buying nearly all of the defunct EV startup's assets out of bankruptcy, according to a court filing. A ...

Lucid is burning through cash at an alarming rate as it tries desperately to avoid the same fate that hit defunct automakers ...

The EV manufacturer earned a $110 million gross profit at its core automotive business in the fourth quarter, a milestone ...

Nikola Corp. filed for bankruptcy, culminating a long decline for the onetime darling of the electric-vehicle industry, which grappled with weak sales and cycled through CEOs in the wake of a fraud ...

The 11-year-old EV maker aspired to be the Tesla of trucks. Nikola went public in June 2020 through a blank-check merger amid ...

Without a clear path to profitability, shareholders were arguably better off had it shut its doors and liquidated its assets, just like fellow EV upstarts Nikola and Canoo recently did.

Nikola's bankruptcy, culminates a long slide for the onetime darling of the electric-vehicle industry, which struggled with ...

on performance, on driver comfort, on acquisition price—across the board ... Some also come from Faraday Future and Canoo, recognized as EV startups that are “struggling” and the latter ...

grants and loans associated with the EV boondoggles like battery factories and charging stations that it's difficult to keep track. We keep pumping more dollars into this bubble. Even with endless ...

As of right now, every major car company other than Tesla loses money on electric vehicles. Honda and General Motors have canceled plans to make new EV models because there's no demand. Toyota cut ...

The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a ...