Lucid to raise up to $1.5 billion in stock sale

Lucid to raise up to $1.5 billion in stock sale

LOS ANGELES—Lucid Group Inc. said it may raise up to $1.5 billion through the sale of stock to fund future operations as the electric car maker ramps up factory spending to push out more cars. The EV startup disclosed the fundraising plans in regulatory filings after it said third-quarter losses widened from the same period … Read more

Tesla releases fix to address recall of 40,000 US vehicles

Tesla releases fix to address recall of 40,000 US vehicles

Tesla is not aware of any injuries related to the recall issue, the National Highway Traffic Safety Administration says. Photo: David Zalubowski/Associated Press Updated November 8, 2022 at 12:56 p.m. ET Tesla Inc. TSLA -2.35% has released a firmware update to address the voluntary recall of approximately 40,000 2017-2021 Model S and Model X vehicles … Read more

Foxconn plans to invest $170 million in EV truck maker Lordstown Motors

Foxconn plans to invest $170 million in EV truck maker Lordstown Motors

The two companies said Monday that Taipei-based Foxconn plans to spend $170 million to buy common stock and newly created preferred stock, giving Lordstown Motors a fresh injection of capital as it works to ramp up production of its debut model, the Endurance. In addition, Foxconn and Lordstown Motors said they would jointly develop their … Read more

Twitter’s free speech problem is also Tesla’s

Twitter’s free speech problem is also Tesla’s

Tesla TSLA -3.64% already had a treacherous line between China and US CEO Elon Musk has made it worse by buying Twitter. The electric car pioneer is very dependent on China. The world’s largest electric market accounted for about 24% of Tesla’s revenue in the first three quarters of this year, but the company’s greater … Read more

Twitter’s free speech problem is also Tesla’s

Twitter’s free speech problem is also Tesla’s

Tesla TSLA -3.64% already had a treacherous line between China and US CEO Elon Musk has made it worse by buying Twitter. The electric car pioneer is very dependent on China. The world’s largest electric market accounted for about 24% of Tesla’s revenue in the first three quarters of this year, but the company’s greater … Read more

Apple warns iPhone production disrupted by China’s Covid-19 restrictions

Apple warns iPhone production disrupted by China’s Covid-19 restrictions

The Cupertino, California-based tech giant said on Sunday that the Zhengzhou assembly plant is currently operating but at reduced capacity. “We now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously expected, and customers will experience longer wait times to receive their new products,” the company said. Last week, Apple … Read more

Frackers say oil production is slowing in the shale patch

Frackers say oil production is slowing in the shale patch

Despite a long streak of strong profits, shale companies are slowing their oilfield activity, keeping U.S. oil output roughly flat and offering little relief for tight global markets. What was expected to be a banner year for U.S. oil production has not materialized as creeping inflation-related costs, supply chain snarls and disappointing well performance for … Read more

No guard rails for regulators

No guard rails for regulators

The Supreme Court hears challenges to FTC and SEC abuses.

Twitter is rolling out blue ticks to paying customers

Twitter is rolling out blue ticks to paying customers

Twitter Inc. said it has begun rolling out software updates to charge users $7.99 a month to mark their accounts with a blue check, part of Elon Musk’s early efforts to boost revenue a little more than a week after taking ownership of the social media network. Details of the latest software versions began appearing … Read more

Twitter is rolling out blue ticks to paying customers

Twitter is rolling out blue ticks to paying customers

Twitter Inc. said it has begun rolling out software updates to charge users $7.99 a month to mark their accounts with a blue check, part of Elon Musk’s early efforts to boost revenue a little more than a week after taking ownership of the social media network. Details of the latest software versions began appearing … Read more