News for Lordstown Motors Corp. (RIDE)

Seven-year-old electric vehicle startup Canoo has filed for Chapter 7 bankruptcy and announced an immediate halt to operations weeks after it furloughed its remaining workers and idled its Oklahoma factory. The post Electric vehicle startup Canoo files for bankruptcy, ceases operations appeared first on FreightWaves.

Factbox-Hindenburg's short bets that shook markets

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Foxconn and other tech companies are venturing into the electric vehicle market, challenging traditional automakers like Nissan and Honda. Foxconn has established joint ventures and collaborations with several auto and tech companies. While facing challenges, it remains ambitious in its plans to manufacture various electric vehicles and gain a significant market share.

In the realm of investments, it's easy to gauge success based just on the sheer volume of agreements or the dizzying sums of money put in place.

When it comes to electric car stocks, none can match the scale of Tesla (NASDAQ: TSLA). This advantage could cement Tesla stock as the EV stock for years to come. From Fisker to Lordstown Motors, countless electric car start-ups have gone bankrupt over the years.

Market Performance - **S&P 500**: +0.2% - **Nasdaq Composite**: +0.2% - **Dow Jones Industrial Average**: +0.02% - **Russell 2000**: -0.7%Volume was below avera

Electric vehicle maker Fisker has filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology.  Fisker Group Inc said in a filing with the US Bankruptcy Court in Delaware that its estimated […]

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggl...

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology. Fisker Group Inc. said in a filing with the U.S. Bankruptcy Court in Delaware that its estimated assets are between $500 million and $1 billion. “Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently,” the company said in a prepared statement late Monday.

(Bloomberg) -- A slowdown in the demand for electric cars has sparked off such a brutal price war that even industry behemoth Tesla Inc. is struggling to cope. But for the newer entrants in the race, it is fast turning out to be a battle for survival.Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireFTX Has Billions More Than Needed to P

Arrival falls 17% following delisting notice

The largest SPAC bankruptcies included office provider WeWork, which had boasted a $9.4 billion market value after going public in 2021.

Wall Street's affair with blank-check firms, the finance fad that pushed companies onto the stock market during the COVID-19 pandemic, ended this year

Arrival, the EV upstart, may file for bankruptcy soon after its failed merger attempt. Click here to find out my analysis of ARVL stock.

Business distress is only just beginning

Losers among transportation startups are rapidly being defined, It will take longer to determine the winners. The post Carnage grows among transportation startups appeared first on FreightWaves.

BlackRock’s Infrastructure ETF is negative since Biden signed the Bipartisan Infrastructure Law. Meanwhile, Mexico’s Cemex is up 80%.

Two legacy U.S. automakers deciding to integrate Tesla charging tech into their next-generation of EVs, starting in 2025. As TC's Rebecca Bellen reported, when Tesla announced last year it would share its EV charging connector design to encourage automakers to adopt the technology and help make it the new standard in North America, few, if any, predicted competitors would bite. Now, it seems that the Tesla standard — dubbed the North American Charging Standard — is gaining some ground.