The Lucid Gravity is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on Nov. 24, 2023. Josh Lefkowitz | Getty Images News | Getty Images Lucid Group missed Wall Street’s second-quarter expectations as the electric vehicle manufacturer conducts an “operational reset” amid leadership changes and cost-cutting efforts. Those plans…
Wall Street celebrated the arrival of the largest initial public offering in its history with SpaceX on Friday. But after SpaceX’s first day of trading ends, a pair of start-ups in San Francisco will be watching the share price of Elon Musk’s rocket company closely. OpenAI and Anthropic, two of the leaders in artificial intelligence,…
The 2026 World Cup is expected to bring a wave of global soccer fans to North America. But the travel boom is shaping up to look less like one uniform surge and more like a city-by-city, match-by-match test of pricing power. “Demand is real and positive, but it’s not evenly distributed across host cities,” said…
The Lucid logo is shown at the Los Angeles Auto show on Nov. 20, 2025. Mike Blake | Reuters DETROIT — Lucid Group suspended its vehicle production guidance for the year as its incoming CEO evaluates the all-electric vehicle manufacturer’s business operations, including the potential for lower output of EVs. The company on Tuesday said…
Rivian Automotive on Thursday said it has renegotiated a $6.57 billion loan from the U.S. Department of Energy down to $4.5 billion and is adjusting its production expectations at an under-construction plant in Georgia. The DOE loan was previously set to support two phases of production for a total of 400,000 units annually. The amended…
