AUTO News and Press, AutoWeb Inc. From 10/28/22

Business Insider says that Nikola ( NASDAQ:NKLA ) is letting people go while it restructures Romeo Power to save money. According to a Friday claim from the site, 15% of Romeo Power’s entire staff has been let go by the electric-truck maker. According to the report,...

During a challenging period for general electric car companies, Wedbush Securities defended its optimistic outlook on Rivian Automotive ( NASDAQ:RIVN ). With the R1T and R1S now on the road and competing with GM’s brand-new Hummer and Ford’s F-150 lightning, analyst Dan ...

A lot of premarket trading sent the price of Mullen Automotive ( NASDAQ:MULN ) down by a large amount. Millions of Mullen Automotive ( NASDAQ:MULN ) shares were traded, and pre-market lows dropped by double-digit percentages. MULN stock has gained around 50% in the past week alone...

Rivian stock ( NASDAQ:RIVN ) was up and down Thursday morning, gaining as high as 2.3% before falling 1.6%. Rivian shares were down 0.2% as of 12:22 p.m. ET. A reputable source’s appraisal of one of its R1T pickup vehicles may be what investors are focusing on today. ...

Nio stock ( NYSE:NIO ) NIO plummeted on Thursday morning, falling 6.5% as of 11:25 a.m. ET. The Chinese electric vehicle (EV) manufacturer is beefing up its battery-swapping capabilities and even establishing a battery manufacturing business. Nonetheless, the overhang from Chi...

Toyota Stock ( NYSE:TM ) Reuters sources tip that Toyota Motor Corporation ( NYSE:TM ) is exploring a six- to twelve-fold increase in monthly manufacturing of its bZ4X electric vehicle crossover should it be able to secure the required semiconductors an...

Lucid Stock ( NASDAQ:LCID ) Midway through Wednesday’s trading session, shares of Lucid Group Inc ( NASDAQ:LCID ), a U.S.-based electric car manufacturer, were up 0.43% after the company revealed on Tuesday that it had launched its first studio in the ...

Tesla Stock ( NASDAQ:TSLA ) The EPA has given Tesla ( NASDAQ:TSLA ) the green light to begin delivering its electric Tesla Semi, according to an exclusive story published today by Teslarati.com. EPA informed Teslarati on September 29 that a Certificate of Con...

GM Stock ( NYSE:GM ) After discovering a defect in the battery seal that might enable water to enter the battery pack, General Motors ( NYSE:GM ) has decided to recall 735 of the firm’s electric Hummer vehicles and 89 of its BrightDrop EV600 elec...

Ford stock was trading at $12.81 as of 02:42 PM EDT. According to Reuters, Ford Motor Company ( NYSE:F ) and Hyundai ( OTCPK:HYMLF ) are in advanced talks with Indonesian officials about establishing businesses connected to electric vehicles in the country....