Automotive

Tesla reaches milestone with first $1B quarterly profit

Tesla's quarterly profit has surpassed $1 billion for the first time thanks to the electric car pioneer's ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers.

Automotive

Covid woes and chip shortages keep Tata Motors in the red

Losses at India's Tata Motors narrowed between April and June, boosted by a 108-percent jump in revenues, the company said Monday, even as Covid-19 lockdowns and semi-conductor shortages hit its bottom line.

Energy & Green Tech

Going electric: Carmakers make the switch

Leading automakers have signalled their intention to scrap internal combustion engines by 2030 or cut back sharply on their production as the sector turns towards electric vehicles.

Energy & Green Tech

Electric vehicle maker Rivian raises another $2.5 bn

Electric vehicle maker Rivian on Friday said it has raised another $2.5 billion from backers including Amazon's Climate Pledge Fund as it gears up to bring a pickup truck to market.

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