Patrick George

Patrick George Electric-vehicle startup Lucid Group has hired a financial adviser to counsel it on a turnaround, the company said Tuesday.

Sales of the Prologue, an electric SUV, will end this year amid a pivot to hybrids.

Patrick George Honda Motor will end production this year of the lone electric vehicle it sells in the U.S., the latest retrenchment for battery-powered cars in the American market.

Shares of Tesla plummeted at the open after the electric automaker posted weaker-than-expected second-quarter earnings and reported heavy spending on robotics and artificial intelligence. On last night's earning

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Tesla's stock price failed to rally Thursday after reporting weaker-than-expected second-quarter earnings, leading to the largest one-day market cap loss for the company on record. Tesla closed at $319.69 per sh

Despite record revenue and profits, the used-car retailer missed Wall Street analysts’ expectations.

As more Americans bristle at the idea of paying $50,000 on average for a new car, Carvana is capitalizing on the growing demand for used cars.

Startup automaker Rivian narrowed its losses and reported an uptick in electric-vehicle sales and revenue in the second quarter, a rare bit of good news for the troubled EV space in the U.S.

The startup automaker narrowed its losses in the second quarter and said it expects to sell more electric vehicles this year than it previously projected.