Vehicle Sales
Timetable for more affordable Tesla slips further
Musk no longer dangling the possibility of a 2024 rollout of his firm’s new offering
Corporate Strategy
Does Nikola pivot bode ill for US BEV truck future?
The start-up is shifting strategically away from electric towards hydrogen. The key question is whether the move is company-specific or reflective of industry demand
3 min read
Phoenix-headquartered truck manufacturer Nikola will pivot away from its Tre BEV model to focus on its hydrogen Tre FCEV, announcing a pause on manufacture of the former and a switch to a produce-on-demand strategy on resumption. “Let me lay it out very plainly: the future of Nikola is hydrogen,” says the firm’s CEO Michael Lohscheller.
Read next
Chinese OEMs
BYD signs Turkey plant deal
The Chinese firm to invest $1bn in the Europe-adjacent country
Volkswagen
VW invests $5bn in Rivian JV
OEMs will develop joint EV platform architecture while Rivian gets much-needed boost to its coffers
BMW
BMW receives commercial L3 autonomy approval
German OEM becomes first automaker to offer L2 and L3 systems in one vehicle
Corporate Strategy
Third party revenue share dampens Tesla robotaxi value outlook
App makers will eat into potential robotaxi revenue, says RBC analyst Tom Narayan