Climate

Rivian stock jumps as EV automaker maintains its 2022 production goals
Technology

Rivian stock jumps as EV automaker maintains its 2022 production goals

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it still expects to build just 25,000 vehicles this year, as it reported a first-quarter loss that was slightly narrower […]

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How Ford’s F-150 Lightning stacks up against Rivian and Hummer electric pickups
Business

How Ford’s F-150 Lightning stacks up against Rivian and Hummer electric pickups

SAN ANTONIO — Ford Motor’s new F-150 Lightning is an electric pickup truck. That may seem obvious given it looks like a truck and has electric motors and a battery pack instead of an engine, but it needs to be said. Why? Because a successful battery-powered pickup is a critical step in the EV transition, […]

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Big Oil braces for shareholder revolt over climate plans in proxy voting season
World

Big Oil braces for shareholder revolt over climate plans in proxy voting season

Members of the environmental group Just Stop Oil blockade a BP petrol station in London on April 28, 2022. The activist group is calling for the U.K. government to commit to halting new fossil fuel licensing and production. Kristian Buus | In Pictures | Getty Images LONDON — Some of the world’s largest corporate emitters […]

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VW is looking to bring back the Scout brand as an electric vehicle
Business

VW is looking to bring back the Scout brand as an electric vehicle

This image, from 2019, is of a refurbished Scout. The brand was originally built by International Harvester between 1961 and 1980. Future Publishing | Future Publishing | Getty Images Volkswagen is planning to resurrect the iconic “Scout” brand as an electric vehicle in the United States. In a report late Tuesday, the Wall Street Journal […]

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Tesla production lags in Shanghai due to parts shortages, Covid restrictions
World

Tesla production lags in Shanghai due to parts shortages, Covid restrictions

Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. Ding Ting | Xinhua News Agency | Getty Images Tesla reduced vehicle production […]

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‘It’s a 50-50 call’: The Earth is close to crossing a key temperature threshold within 5 years
World

‘It’s a 50-50 call’: The Earth is close to crossing a key temperature threshold within 5 years

Vehicles move amid yellow dust in the Iraqi capital of Baghdad during a severe sandstorm on May 1, 2022. Sandstorms in the country have been part of a series of mind-bending extreme weather events around the world. Anadolu Agency | Anadolu Agency | Getty Images There’s a 50-50 chance of surpassing the critical global heating […]

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Rivian reports earnings Wednesday. Here’s what we learned after 3 rivals reported last week
Business

Rivian reports earnings Wednesday. Here’s what we learned after 3 rivals reported last week

Rivian CEO RJ Scaringe inside the company’s customer experience center outside of its plant on Aptil 11, 2022 in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive will report its first-quarter earnings after market close on Wednesday. Wall Street analysts polled by Refinitiv expect a loss of $1.44 per share on revenue […]

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Lordstown’s future is at stake as it burns through cash and faces a crucial deal deadline next week
Business

Lordstown’s future is at stake as it burns through cash and faces a crucial deal deadline next week

The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Struggling electric vehicle start-up Lordstown Motors said that it’s on track to begin production of its Endurance pickup in the third quarter, about a […]

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Rivian stock plummets as Ford unloads 8 million shares of EV start-up
Business

Rivian stock plummets as Ford unloads 8 million shares of EV start-up

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive plummeted in premarket trading Monday following a CNBC report that Ford Motor is selling 8 million shares of the electric vehicle start-up. Rivian’s stock was down 19% in extended […]

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Carbon capture challenges are not deterring investor at Bill Gates’ firm
Technology

Carbon capture challenges are not deterring investor at Bill Gates’ firm

06 January 2022, Mecklenburg-Western Pomerania, Wismar: Smoke rises from chimneys of wood-processing industrial plants at the seaport of Wismar. Photo: Jens Büttner/dpa-Zentralbild/ZB (Photo by Jens Büttner/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images Eric Toone is a technical lead investor for Bill Gates’ climate tech investment firm, Breakthrough Energy Ventures. […]

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